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Insurance
Two rating agencies have downgraded Tower Group International following its announcement that it needs to strengthen loss reserves by approximately $365 million and will write down $214 million in goodwill in conjunction with its delayed second quarter 2013 earnings release. 9 October 2013
Insurance
CEO Kessler highlighted the firm's 'capacity to absorb major shocks and the resilience of its business model'. 23 July 2020
Alternative Risk Transfer
‘EWI will deepen Artex's bench strength in providing complex client solutions.’ 22 November 2019
Insurance
The Bermuda-based company says it is one of the first "substantial" re/insurers of the Class of 2020. 26 February 2021
Insurance
S&P Global Ratings has downgraded UK-based multiline insurance group Prudential by one notch due to the company’s demerger plan while downgrading the UK operations by two notches. 16 March 2018
News
Spanish insurer Mapfre has had its Insurer Financial Strength downgraded to BBB, by rating agency Fitch. 11 June 2012
Insurance
Cyber insurance brings opportunities for business growth and diversification for some insurers, but could be a credit negative for others given the potential to generate larger future losses, according to Fitch Ratings. 7 February 2018
Insurance
The fact that the recent hurricane losses are unlikely to become a capital event for reinsurers owes much to the industry’s greater sophistication in its use of enterprise risk management, writes Stuart Shipperlee, managing director of Litmus Analysis. 15 October 2017
Insurance
Barbican will be consolidated into Arch’s insurance and reinsurance operations. 2 December 2019
Insurance
Solvency II regulations could restrict insurers’ appetite for investing in highly rated and historically strongly performing securitisations, according to rating agency Fitch. 30 April 2012
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