Financial Ratings – Page 56
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NewsBerkshire Hathaway feels impact of higher AIG claims
Higher than expected claims from AIG impacted a reinsurance deal with Warren Buffett’s Berkshire Hathaway
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NewsQBE posts record loss; sells unit to Zurich
Catastrophe losses push QBE into record losses, as it sells Latin American business to Zurich
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NewsHiscox profits hit by nat cats
Hiscox reported a slump in profits after an ‘historic’ year of catastrophes
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Online onlyOnly RSA takeover will get full sale value for shareholders - Berenberg
RSA has been told only a full sale will get best value for shareholders and selling bits of the business is not now beneficial. Berenberg said today: ”The pension liability and loss of diversification benefits in its capital model mean disposing of any remaining operations is unlikely to be ...
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NewsHurricanes, cyclones batter Swiss Re profits
The (re)insurer was hit hard by large cat losses in 2017
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News“Over £266bn worth of uninsured household possessions in the UK”- ABI
A quarter of households in the UK do not have contents insurance, leaving over £266bn worth of items at risk
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NewsMoneysupermarket boosted by strong insurance
Price comparison site points to positive market conditions
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NewsRSA UK hit by household claims
RSA reported UK underwriting losses for 2017, hit by hurricanes and escape of water claims
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NewsAA forecasts fall in profit in FY2019
The breakdown and insurance group said higher investment will hinder profit growth in the short term
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NewsAllianz UK boosts profits, improves ratios
Allianz UK operations would have performed substantially better without the Ogden rate cut
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NewsAxa's £31m lawsuit pits Genworth and Santander against each other
Divisive lawsuit sees accused Genworth look to turn the tables on Santander
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NewsCrisis-hit CBL Insurance Europe to lose major airline as customer
Ryanair looking to drop CBL Insurance Europe amid company problems
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NewsInsurer with UK and Irish brokers/MGAs ordered to stop writing new business
CBL Europe ordered to stop writing new business by Irish Central Bank
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NewsAllianz Group revenues up, but profit growth hit by natural catastrophes
German multinational group says all business segments improved, but overall profits flat
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Online onlyAIG international business needs continued fixing amid losses
AIG’s International business posts underwriting loss with more work still needed in Europe
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NewsIrish insurer in crisis as regulators order urgent action
Dublin-based insurer, CBL Insurance Europe is crisis after the Central Bank of Ireland ordered it to bolster capital and reserves, and its parent company has been suspended from trading its shares on two stock exchanges
