United States of America (USA)
Moody's downgrades Transatlantic Re
Moody's has downgraded the insurance financial strength rating of Transatlantic Re to A1 from Aa3 and the senior debt rating of Transatlantic Holdings, to Baa1 from A3.
US economy shrank less than expected Q2
Figures from Commerce Department show that the US economy shrank by 0.7% April-June, the best performance in over a year
Hartford names new CEO
Former Bank of America exec named as new CEO at property/casualty insurer
US: Chinese drywall makers may ignore lawsuits
Lawyers say they expect Chinese companies that made the wallboard to ignore hundreds of lawsuits filed against them in US courts.
Cassano returns to US to face the music
Former AIG executive leaves London
Stanford blocked from accessing Lloyd’s funds
Allen Stanford’s court-appointed receiver persuades US judge to block bid to access insurance funds to pay lawyers
US health program vote likely Tuesday
Vote on Barack Obam's US health reform later on Tuesday.
US surplus lines results dip from competition, cat losses and economy
Report from AM Best notes that in 2008, the underwriting and operating performance of surplus lines companies continued to outpace that of the total property/casualty industry, although at a diminished level from 2007.
US property/casualty net income tumbled first-half 2009
Net income tumbles but underwriting results and investment returns improving.
Report: FEMA overpaid for flood insurance
The US Federal Emergency Management Agency overpaid insurance companies participating in the National Flood Insurance Program by $327m over a period of three years, according to a review by the US Government Accountability Office.
Greenberg asks court to dismiss Spitzer suit
AIG's ex-CEO Hank Greenberg asked a New York judge to dismiss a lawsuit brought in 2005 by former state Attorney General Eliot Spitzer.
New York regulators raise questions about Moody's
New York regulators have raised questions about ratings agency Moody's, a report from Reuters has said.
Ace appoints North American property head
Ace appoints Paul McNamee to new role.