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Latest From Jonathan Rest
CONSUMERS in the US are more content with their insurance carriers and policies than their UK brethren, new figures would suggest.
LUXEMBOURG-headquartered reinsurer Flagstone Re saw its 2010 earnings-to date plummet on catastrophe and investment losses, and said cost cutting measures will now be implemented.
US life insurer MetLife looks set to have avoided a ratings downgrade after it successfully raised $3.15bn through a sale of 75 million shares.
INVESTMENTS were the black spot on First Mercury Financial Corp’s 2010 balance sheet to date, as the Michigan-based carrier recorded a slump in earnings.
INVESTMENT credit losses among US life insurers will remain above historical averages this year, despite the economic recovery continuing apace.
THE US operations of UK carrier Aviva has appointed Christopher Welp as executive vice president of insurance operations, based in its Des Moines, Iowa headquarters.