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"I'm pleased to say that the developments announced today mean we're well on track to achieving our objective of achieving equivalence, or mutual recognition status, in Europe and elsewhere," said Mat
After a series of negative rating remarks, Moody's this week said it might upgrade guaranty insurer Syncora Guarantee Inc. and its partner companies after it completed a deal that would give the compa
However, Catlin noted that in the first half of 2008 it paid a dividend of $21.8 million to holders of the group's non-cumulative perpetual preferred shares issued in January 2007, which reduced first
Last month, Standard & Poor's put the company on a negative CreditWatch and dropped its financial strength rating from "AAA" to "AA," while Moody's said MBIA had a negative outlook and dropped the "AA
Prudential Financial Inc. said it has settled a suit brought by the Securities and Exchange Commission alleging it had set up a sham reinsurance transaction with General Reinsurance Corp. for Prudenti
The Delaware Captive Insurance Association (DCIA) said today that William Poole, Ph.D., former chief executive of the Federal Reserve Bank of St. Louis, will address the association's annual conferenc
R. Bryan Tilden, a national lecturer and expert witness in the field of insurance, will present both workshops. CPCU said prior to starting his own firm, Tilden and Associates, Mr. Tilden was the dire
The price of oil, it was noted, "has had a similar dramatic impact on the parts that go into our cars and trucks." QPC mentioned that petroleum is used in rubber, plastic and polyester parts, making t
WASHINGTON--The financial troubles that mortgage finance company Freddie Mac revealed yesterday have been caused in part by the shaky condition of monoline mortgage insurer Financial Guaranty Insurance
Currently Nationwide said it owns all of the outstanding NFS Class B common stock, which represents 66.3 percent of the equity ownership, and 95.2 percent of the combined voting power of the sharehold
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