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- MBIA to reinsure $184 bln of FGIC's public bond portfolio
MBIA Insurance Corp. will reinsure U.S. public finance bonds insured by Financial Guaranty Insurance Co.
- Insurance giant off to a fresh start
Zurich Financial Services, which purchased Turkish general insurer TEB Sigorta at the beginning of the year, has finalized a campaign to promote the name change as of yesterday.
- Fannie, Freddie Record Biggest Profits on New Mortgages Since Before 1998
The crisis of confidence that sent Fannie Mae and Freddie Mac debt costs to record highs above U.S. Treasuries is also providing the mortgage-finance companies with the biggest profits on new investments since ...
- RBS names three heavyweights in board shake-up
Royal Bank of Scotland has appointed the deputy chairman at Northern Rock, the troubled nationalised lender, as one of three new non-executive directors in a move aimed at pacifying investors.
- Man played cop, raped them, women testify
Salvatore Longo preyed on prostitutes by picking them up in his car, telling them he was a cop, then forcing them to commit sexual acts, according to court testimony yesterday.
- Retail: Westfield profit down on property values
WESTFIELD Group, the world's biggest listed shopping centre owner, says first-half net profit declined 34.9 per cent to $1.29 billion as the value of its properties dropped on the credit crunch.
- WGA Chosen Best Retail Insurance Broker
Business Insurance's Annual Readers Choice Awards recognizes the best overall commercial insurance industry companies and lets subscribers weigh in on which companies they think are the leaders in service, ...
- Credit market crisis continues - treasuries rise, financial stocks fall
Treasuries rose Monday on speculation that credit-market turmoil may be widening.
- Swiss Re estimates costs to deal with climate change
DAVOS, Switzerland-New forms of private-public partnerships are needed, particularly for developing nations, to deal with risks and costs related to climate change, Swiss Reinsurance Co.'s chairman said in a ...
- PMA Capital to Present At the Keefe, Bruyette & Woods, Inc. Annual Insurance Conference in New York
BLUE BELL, Pa., Aug. 25, 2008 -- PMA Capital Corporation today announced that Vincent Donnelly, Chief Executive Officer, and William Hitselberger, Chief Financial Officer, are scheduled to present at the ...
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