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Moodys Investors Service says its Moodys Global Insurance CDS (credit default swap) Index shows that although investors view of global insurers for the most part improved during the 2011 fourth quarter, opinions are still more negative than indicated by Moodys ratings.
A culture clash between Willis Group Holdings and Hilb, Rogal & Hobbs led to a significant amount of business walking out the door in North America, contributing to a 57 percent drop in net income for the 2011 fourth quarter.
Argo Group International Holdings says 2011 fourth-quarter net income was down 89 percent while fellow Bermuda-based insurer and reinsurer Arch Capital Group says net income fell 40 percent during the last quarter.
Argo Group International Holdings says 2011 fourth-quarter net income was down 89 percent while fellow Bermuda-based insurer and reinsurer Arch Capital Group says net income fell 40 percent during the last quarter.
Hedge fund manager John Paulson Tuesday increased the pressure on Hartford Insurance Group to break itself up into separate property and casualty and life businesses by taking the case directly to Hartford shareholders.
Hedge fund manager John Paulson Tuesday increased the pressure on Hartford Insurance Group to break itself up into separate property and casualty and life businesses by taking the case directly to Hartford shareholders.
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