Reactions - Global Insurance

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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.
Gloomy outlook for financial guaranty industry 24 February 2010

Moody’s has a negative outlook for the financial guaranty industry in 2010.

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.

PartnerRe unit sells $500m debt 11 March 2010

A unit of PartnerRe has raised $500m through a 10-year note sale. PartnerRe Finance has issued the senior notes, maturing June 1, 2020.
Nephila cat fund raises $340m 10 March 2010

The catastrophe reinsurance fund of Nephila Capital has secured $340m from 11 UK institutions.
ILFC to boost bank financing to $1.3bn 08 March 2010

American International Group’s aircraft-leasing subsidiary is looking to add a $550m term loan to bank financing.
ING may float all insurance units 08 March 2010

ING Groep is planning an initial public offering (IPO) of its global insurance operations as a single entity.

AIG’s Nan Shan outcome expected Thursday 10 March 2010

American International Group could find out about the fate of its Taiwan unit, Nan Shan, as early as Thursday, when the Taiwanese parliament will review a report from the top financial regulator, Reuters has reported.
ANALYSIS: Benmosche confident AIG will make it following AIA and Alico deals 10 March 2010

With the news that AIG is selling Alico to MetLife and AIA to Prudential, Reactions assesses how far AIG still has to go to pay off its debts to the US government.
AIG to sell Alico to Metlife for $15.5bn 08 March 2010

American International Group (AIG) is selling American Life Insurance Company (Alico) to MetLife for around $15.5bn, in a deal that will help AIG repay the US government.
Aviva eyes Russian rivals 08 March 2010

Aviva is seeking to acquire Russian competitors at one-fourth of their price before the global credit crisis, Bloomberg reports.

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.
Insurers to form longevity swaps market 01 February 2010

Axa, Deutsche Bank and JPMorgan Chase, along with five other firms, are forming a secondary market in longevity swaps and other derivatives, whose values are tied to life expectancy.

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.