Bermuda-based PartnerRe Ltd. has issued a bulletin giving its initial loss estimates from Hurricane Wilma, and increasing those from Katrina and Rita. The company also gave details of its revised financial plans for 2006. The Company said it “now expects …
A bulletin from the Insurance Bureau of Canada (IBC) notes that the country’s car insurers announced that “the 1999 and 2000 Honda Civics SiR 2-door hold the dubious distinction of topping this year’s most stolen vehicles list. The two models …
A.M. Best Co. announced that it has placed the financial strength ratings (FSR) of all the Canadian, U.S. and Bermudian based property/casualty insurance/reinsurance subsidiaries of Kingsway Financial Services Inc. under review with negative implications, as well as Kingsway’s issuer credit …
In a brief announcement, Bermuda’s Max Re Capital Ltd. said that preliminary estimates indicate that the Company’s 2005 fourth quarter earnings will be negatively impacted by $40 million as a result of Hurricane Wilma.
A study from researchers at the U.K.’s National Oceanography Centre has reached a paradoxical conclusion – global warming may cause a lowering of European temperatures, and it could happen very quickly. The research team’s conclusions, as reported in the scientific …