Describing the wipeout of original investors in a sidecar for White Mountains' reinsurer as a "sorry chapter" in the history of such vehicles, Chairman Jack Byrne tried to dole out reassuring words
While three other companies in Florida were ordered into liquidation earlier this year (all members of Poe Financial Group), the Florida Select order is the first state action under a regulation requi
Standard & Poor's has changed the rating outlooks for Munich Reinsurance Co. and its U.S. affiliate American Re-Insurance from stable to positive and indicated the two firms might qualify for a "doub
White Mountains' Chairman Jack Byrne offered reassuring words to shareholders yesterday concerning the wipeout of original investors in a reinsurance sidecar as a "sorry chapter" in the history of suc
Reacting to the news that Swiss Re completed its acquisition of GE Insurance Solutions Corp., Standard & Poor's lowered Swiss Re's financial strength rating, while three other rating agencies expresse
Swiss Re's announcement that it completed its acquisition of GE Insurance Solutions prompted three rating agencies to say they have more work to do and anticipate resolving outstanding watches within
Insurers that are internally developing economic capital models could be positioning themselves for more favorable ratings treatment at some point in the future, analysts at Moody's Investors Service
Industry leaders need to get the message to front-line underwriters to maintain pricing discipline, but even that might not prevent a pricing "bloodbath" this fall if the hurricane season is