Reactions - Global Insurance

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Moody’s affirms The Hartford ratings 18 March 2010

Moody’s believes uncertainty exists regarding the capital adequacy of the organisation's life insurance operation, both in terms of its investment portfolio and its variable annuity liabilities.
AM Best reviews Tenet Insurance ratings 11 March 2010

AM Best is reviewing the financial strength ratings of Tenet Insurance with positive implications. Tenet has A- (Excellent) and issuer credit rating of a-.
Moody's affirms Prudential, outlook negative 02 March 2010

Moody's has affirmed the insurance financial strength ratings of Prudential and its subsidiaries following the UK insurer’s $35.5bn acquisition of American International Group’s Asian life insurance unit.
S&P cuts AIG consumer arm rating 25 February 2010

AIG’s consumer lending arm, American General Finance, has had its credit rating cut four levels to B, as it continued to sell assets to meet debt payments.

Vote for the Reactions London Awards 2010 18 February 2010

Reactions will be recognising the best companies, teams and individuals in the London market with our Reactions London Awards 2010 programme, and we need your help. Have your say now!
Rising stars of the insurance industry revealed 12 January 2010

Reactions canvassed executive search firms worldwide to produce a list of who they believe will be the top leaders of the future. Here are the names they came up with.

Axis Capital to issue $500m debt 19 March 2010

Axis Capital Holdings unit, Axis Specialty Finance, is issuing $500m of notes.
AIG draws another $2.2bn from Treasury 18 March 2010

AIG has secured an additional $2.2bn from the Treasury Department to strengthen its property/casualty divisions, Bloomberg reports.
Hartford’s offering priced higher than expected 18 March 2010

Hartford priced its equity offering last night at $27.75, less than a 3% discount to yesterday's close of $28.58.
Korea Life raises $1.57bn in IPO 18 March 2010

Korea Life Insurance has raised $1.57bn through an initial public offering (IPO), Bloomberg reports.

MS&AD eyes Asia alliances after merger 19 March 2010

Tokyo-based MS&AD Insurance Group is seeking alliances with Chinese and Indian firms after its merger.
Arthur J Gallagher acquires Californian broker 18 March 2010

Arthur J Gallagher & Co has acquired Winn & Company Insurance Brokers in Hollister, California.
CEOs reveal secrets of merger success 17 March 2010

Leaders on a CEO panel at the World Insurance Forum expressed concerns about successfully pulling off integration mergers.
Marsh & McLennan Agency buys Rutherfoord 16 March 2010

Marsh & McLennan Agency (MMA), a subsidiary of insurance broker Marsh, today announced it has acquired Thomas Rutherfoord, the US’s 32nd largest brokerage firm and 14th largest independently owned firm.

Canada gets catastrophe claims service 18 March 2010

For the first time the new independent claims service, PCS-Canada, will allow primary insurance companies, reinsurers, brokers, and others to receive industry wide data on Canadian catastrophes, including man-made and extreme weather events.
Nephila cat fund raises $340m 10 March 2010

The catastrophe reinsurance fund of Nephila Capital has secured $340m from 11 UK institutions.
Swiss Re to issue first Perils-based cat bond 09 March 2010

Swiss Re is preparing a new catastrophe bond, which will be the first cat bond to use Perils AG as a benchmark for losses.
Convergence Quarterly: ILS outlook for 2010 12 February 2010

Fresh off the back of the busiest ever fourth quarter for cat bonds, insurance-linked securities activity is predicted to be high in 2010. Reactions' Convergence Quarterly section includes all the cat bond data from 2009.

Scor joins the EuroStoxx Select Dividend 30 11 March 2010

French reinsurer Scor has been added to the EuroStoxx Select Dividend 30 index.
Berkshire to join S&P 100, shares jump 8% 27 January 2010

Warren Buffett’s Berkshire Hathaway will join the S&P 500 and S&P 100 stock indexes following its acquisition of railroad company Burlington Northern Santa Fe.
Buffett says SEC settlement is appropriate 22 January 2010

Warren Buffett has admitted that the settlement General Re reached with the SEC for its role in finite reinsurance deals with American International and Prudential Financial is appropriate.
XL attracted by Ireland’s stability: McGavick 13 January 2010

Michael McGavick, chief executive officer of XL, wants to move his firm’s holding company to Ireland because of the stability the country offers, he has told Reactions.