Performance
Questions Arise Over SAC Reinsurance Unit As Hedge Fund Pleads Not Guilty
Billionaire investor Steven A. Cohen's hedge fund pleaded not guilty on Friday to insider trading charges in federal court, as questions also surfaced about the future of SAC Capital's Bermuda-based ...
Commercial Lines Rate Increases Slowed in Q2: The Council
Commercial property/casualty pricing continued to gently creep upwards in the second quarter, however signs of some moderating of increases also surfaced. The Council of Insurance Agents & ...
ACE CEO Greenberg Cautions on Wall Street Draining Reinsurance Pond
ACE Limited Chief Executive Officer Evan Greenberg said the influx of Wall Street capital into the reinsurance industry is pressuring rates and that he is prepared to cut sales of backstop coverage. ...Travelers’ Q2 Profit Up Due to Continued Rate Hikes
Travelers Cos., the lone property/casualty insurer in the Dow Jones Industrial Average, said second-quarter profit climbed 85 percent as price increases helped improve margins. Net income increased ...
A.M. Best Revises Give Thumbs Up To Lloyd’s
On Friday, A.M. Best Europe–Rating Services Limited announced that it revised the outlook of its A (excellent) financial strength rating for Lloyd's to positive, affirming the rating and moving the ...
Fitch Sees Limited Credit Improvement For G-SIIs; Predicts Some Will Work To Get Off List
Reacting to the Financial Stability Board's identification of nine global systemically important insurers, Fitch Ratings sees only a "modest improvement" in the insurers' credit profiles, with higher ...
Ward’s Top 50 Nearly 10 CR Points Better Than Industry; Four Newcomers
For more than two decades, the names GEICO, RLI Insurance Company and USAA Group have appeared on an annual list of 50 top property/casualty insurance performers, and four new names joined the ranks ...