At New York Forum, Industry Insiders Credit Risk Management for Minimizing Recession’s Impact To many, the insurance world seems to operate on its own theory of physics. And to the hundreds of high-powered industry execs who gathered on the third …
To many, the insurance world seems to operate on its own theory of physics. And to the hundreds of high-powered industry execs who gathered on the third floor of the Waldorf-Astoria in New York earlier this year, there is a …
Bermuda-based XL Capital posted a $1.43 billion fourth-quarter net loss Tuesday, and said it will cut its dividend and slash 10 percent of its staff. The quarterly loss was due to soured investments, hedge fund losses, and a charge to …
Bermuda-based XL Capital Ltd. has issued two separate comments following yesterday’s announcement by Standard & Poor’s Ratings that it has downgraded XL and its operating subsidiaries (See IJ web site – https://www.insurancejournal.com/news/international/2008/12/16/96328.htm). CEO Michael S. McGavick expressed his disappointment with …
Bermuda’s XL Capital Ltd has provided the following “preliminary metrics” on its expected third quarter 2008 results. XL said its independent auditors are currently reviewing the results for the quarter, and they could be changed as a result. The preliminary …
Bermuda’s XL Capital Ltd. has announced preliminary net loss estimates for Hurricanes Gustav and Ike, as well as the effect on its investment portfolio from Lehman Brothers, Washington Mutual, Fannie Mae and Freddie Mac. XL said its “preliminary loss estimates, …
XL Capital announced that it has appointed Jacob D. Rosengarten as Executive Vice President and Chief Enterprise Risk Officer of the XL group of companies. He is currently a Managing Director of Goldman Sachs, and will join XL on September …
Bermuda’s XL Capital announced that it will host a global risk conference — XL Congress — on October 2-3 in Washington, D.C. with the theme of “Intelligent Change for A World At Risk.” “The conference, an invitation-only event, is modeled …
John Charman, chief executive of Bermuda-based Axis Capital Holdings Ltd , said Wednesday that his eyes are open for acquisitions, both large and small. “We would consider acquiring any company that substantially enhances earnings potential,” Charman said at an insurance …
Bermuda-based XL Capital Ltd. announced that it has closed the transactions relating to Security Capital Assurance Ltd. and “certain counterparties to credit default swaps with SCA as well as its offerings of ordinary shares and equity security units.” The plan …
