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.

RenaissanceRe unit to sell $250m notes 15 March 2010

RenRe North America Holdings will issue $250m of senior notes in an underwritten public offering. The notes, maturing in 2020, will offer a coupon of 5.750% and are backed by parent, RenaissanceRe Holdings.
Norway’s Gjensidige plans IPO in H2 12 March 2010

Norway’s Gjensidige is looking to unveil an initial public offering in the second half of 2010.
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.

Japan’s NKSJ eyes local, overseas takeovers 15 March 2010

Tokyo-based NKSJ Holdings is seeking to boost its profits through domestic and overseas acquisitions.
Max Capital and Harbor Point CEOs on merger 12 March 2010

The merger of Bermudian firms Max Capital Group and Harbor Point has been termed a merger of equals. Reactions spoke to the CEO’s of the two companies and an analyst to get the perspective from all sides on what the future holds for the combined company Alterra Capital Holdings.
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.

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.

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.