Investors who brought a specialist bond designed to protect Swiss Re from natural disaster claims will not lose money over superstorm Sandy, rating agency Moody's said.
Reinsurers should be able to absorb losses from Superstorm Sandy without a negative ratings impact, says Fitch Ratings. Meanwhile, Moodys Investors Service says the storm could, in a worst-case scenario, cause losses for the Combine Re catastrophe bond.
Reinsurers should be able to absorb losses from Superstorm Sandy without a negative ratings impact, says Fitch Ratings. Meanwhile, Moodys Investors Service says the storm could, in a worst-case scenario, cause losses for the Combine Re catastrophe bond.
Moodys Investors Service says in a new report that one positive result of Hurricane Sandy for insurance companies is that the event will likely help support price increases going into 2013.
Following the U.S. Treasurys recent sell-down to a minority stake in American International Group, two ratings agencies offered positive assessments of the insurance giant, with Moodys Investors Service calling the development another credit-positive milestone and Fitch Ratings stating that the recent actions have rejuvenated AIG. Peter Eastwood, President & CEO...
Moodys Investors Service gave a thumbs up to last weeks announced $615 million sale of the Hartford Financial Services Groups individual life business to Prudential Financial, despite the transaction reducing some of the Hartfords diversity in its income streams.
Two ratings agencies offered positive assessments of American International Group after the U.S. Treasurys sell-down to a minority stake in the company, with Moodys Investors Service calling the development another credit-positive milestone and Fitch Ratings stating that recent actions have rejuvenated AIG.
Two ratings agencies offered positive assessments of American International Group after the U.S. Treasurys sell-down to a minority stake in the company, with Moodys Investors Service calling the development another credit-positive milestone and Fitch Ratings stating that recent actions have rejuvenated AIG.