Zurich: $2 Billion Loss, 4,500 Staff CutsZurich Financial Services Group announced a $2 billion after-tax loss for the first half of 2002, with plans to ...
Hard Market Boosts Broker ResultsSoaring premiums and rising fee-for-service opportunities make it a good time to be a major insurance brokerage, but problems unique to ...
Gerling To Put U.S. Re Firm Into RunoffReinsurance EditorLondon The global reinsurance industry continues to take a beating, demonstrated aptly with the recent announcement by ...
Past Problems May Hit Insurer Ratings London EditorLondon The under-pricing, looser terms and conditions, and general under-reserving during the soft market have taken the luster ...
Fed Regulator Might Have Bolstered Terrorism Re Bill Washington The insurance industry would have had a much better chance of obtaining a federal backstop for ...
Loans Still Coming Despite Terror RisksWashington A Federal Reserve Board survey showing that banks are still making commercial real estate loans for "high-profile" properties does ...
New Asbestos Suits Hit Insurers DirectlyThe newest twist on the asbestos liability problem could impose direct liability on property-casualty insurers, according to a report recently ...
Moody's Puts Swiss Re Under ReviewNU Online News Service, Sept. 4, 4:28 p.m. EST?Moody's Investors Service today joined the list of rating agencies putting the ...
Moody's Captive Approved In N.Y.NU Online News Service, June 19, 12:43 p.m. EST?The New York State Insurance Department yesterday announced that Moody's Assurance Company Inc. ...
Asbestos To Affect Ratings, Moody's SaysNU Online News Service, Mar. 27, 9:49 a.m. EST?Underfunding of asbestos liabilities may be the principal driver of rating downgrades ...