Latest News – Page 2802
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S&P affirms If P&C rating
Ratings agency Standard & Poor's (S&P) has affirmed its long-term counterparty credit and insurer financial strength ratings on Sweden-based If P&C at A.
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Indie reinsurer faces lawsuit
The reinsurance company that wrote contracts for the failed Independent Insurance and for Equitable Life is set to face legal action from their creditors.Lawyers for the two creditor groups are lo ...
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Ringrose to leave
The joint chief executive of Premium Credit, Colin Ringrose, is to leave the company on 30 June. Ringrose, 56, was a founder member of Premium, which was created in a leveraged buyout from HSBC. …
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Sherwood signs deals
Insurance software firm Sherwood International has announced two new contracts as part of its plans to double sales over three years.The company has signed a five-year deal with outsourcing compan ...
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Sydney bushfire bill may top £17m
More than 100 homes have been destroyed by the fires that have raged in bushland around Sydney for over a week.More than 1,300 insurance claims have been lodged by people affected by the fires. …
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Citigroup to sell up to 20% of Travelers
Citigroup is planning to retreat from property and casualty insurance by selling up to 20% of its Travelers Property and Casualty (TPC) business in an initial public offering (IPO).The bank said i ...
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No time for Wellington's new company
Listed Lloyd's underwriter Wellington ran out of time to establish a new underwriting vehicle by the end of 2001, but plans to have the venture in operation by the end of the first quarter 2002.Th ...
