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European Asbestos Woes Far From OverInternational Editor The recent announcement by Royal & SunAlliance that it had a deficit in its asbestos-related reserves on both ...

Taiwan Issues Earthquake CAT BondNew York Late last month, Taiwan became the first government entity to sell an earthquake catastrophe bond to provide a form ...

Rating Firms Eye Royal & SunAllianceRating firms said Royal & SunAlliance Insurance Group plcs decision to sell off substantial U.S. renewal rights, a reserve strengthening ...

Asbestos: Unending Liability (Even In Less Litigious U.K.)The fact that "asbestos" is the ancient Greek word for "unending" is entirely appropriate because the compensation claims ...

S&P Downgrades Munich ReStandard & Poors, in the latest bleak assessment to hit a string of reinsurers, downgraded Munich Re to "A-plus" from "double A-minus."The ...

Hard Market, Investment Gains Push Up P-C ProfitsThe 2003 second-quarter earnings season saw many better-than-expected financial results from property-casualty insurance companies, as the continuing hard ...

CDOs: A New Source Of Insurer CapitalThe recent development of a new investment security backed by insurance company senior debt, surplus notes and trust preferred ...

Slow Turnaround For Europeans International Editor A ratings analyst in London equated the situation in the European insurance and reinsurance sector to supertankers that are ...