25 August 2008 XL convinces AM Best not to downgrade it
AM Best has changed the outlook of its A financial strength rating on XL Capital to stable from negative. The decision follows several discussions with XL's management about its exposure to troubled bond insurer Security Capital Assurance (SCA). To read the full story click
Risk managers waiting for insurers to evolve
Risk managers bemoan insurers' lack of innovation. They are demanding the industry adapt its products to meet their changing needs, says Garry Booth.
More Articles
Federal backstop: On shaky ground
The US industry cannot agree whether a federal safety net for covering catastrophes is needed. Primary insurers are divided over the extent of federal protection they would like, while reinsurers are aghast that a federal backstop is even being considered. By Russ Banham
Joe Plumeri: The industry's biggest cheerleader
Willis has hit the big time in the US with its acquisition of HRH. Michael Loney talks to its CEO Joe Plumeri about the deal, Willis's future and why the man who wanted nothing to do with insurance is now its biggest fan.
Solvency II: Setting a global standard
Solvency II may be a regulation specific to the European insurance and reinsurance market, but it has global implications, writes Richard Crump.
Bridging the Gulf
EQECAT's Gulf of Mexico offshore energy model takes the guesswork out of exposure management in this challenging area by joining the expertise of engineers and energy producers, says Richard Clinton, president of EQECAT.
Catastrophe funding: Give PPPs a chance
New forms of public-private partnerships are addressing the rising cost of natural catastrophes in developing, underinsured countries. Richard Crump looks at the deals that are changing the market.
