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Jonathan Rest

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US insureds complaints drop as UK rises

CONSUMERS in the US are more content with their insurance carriers and policies than their UK brethren, new figures would suggest.

InsuranceLinked Securities Losses

Flagstone to start cost-cutting measures

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.

Reinsurance InsuranceLinked Securities

MetLife set to avoid downgrade after share sale

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.

Specialty InsuranceLinked Securities

Investments knock income at First Mercury

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.

InsuranceLinked Securities Companies House

Life firms’ 2010 credit losses above-average

INVESTMENT credit losses among US life insurers will remain above historical averages this year, despite the economic recovery continuing apace.

InsuranceLinked Securities North America

Welp takes senior role at Aviva USA

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.

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