Company General Reinsurance

Arig Posts Net Profit Of US$30.4 Million For 2006

Make, Arig's Make of Directors has recommended a cash dividend of 10% on the company's professional-up cap or 10 cents per portion . The dividend remains case to clearance by the Feature Make of Bahrain and blessing at the company's Annual General Get to be held on 29th Hold 2007.

Arig managed to foster ameliorate on its underwriting results and related costs from reinsurance, in injure of a softening in the price of quid pro quo that impacted the external reinsurance industry. The company was too capable to isolate itself from the downward play in the regional equity markets. Having reaped the benefits of its right investment insurance and a plus execution in the round markets, investment earnings raised to US38.4 million (2005: US33.2 million).

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Arig Posts Net Profit Of US$ 30.4 Million For 2006

Let, Arig's Consume of Directors has recommended a cash dividend of 10% on the company's professional-up great or 10 cents per parcel. The dividend remains discipline to clearance by the Deliver Let of Bahrain and blessing at the company's Annual General Make to be held on 29th Make 2007.

Arig managed to promote ameliorate on its underwriting results and related costs from reinsurance, in hurt of a softening in the damage of merchandise that impacted the foreign reinsurance industry. The company was too healthy to isolate itself from the downward release in the regional equity markets. Having reaped the benefits of its cautious investment insurance and a bold doing in the world markets, investment earnings raised to US 38.4 million (2005: US 33.2 million).

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Judge Dismisses Reinsurance Suit Vs MBIA

A fed gauge has dismissed a shareholder lawsuit against insurer MBIA Inc. and six early or flow executives finished alleged financial misstatements as a answer of its discussion of sure reinsurance agreements in 1998.

In an put issued Tuesday and made world Wednesday, U.S. Consume Deliver Louis L. Stanton in Manhattan dismissed a consolidated ill in the suit, expression the claims were barred by the written of limitations.

The pass plaintiffs in the example, the Southwest Carpenters Pension Cause and the City of Pontiac General Employees' Millionaire Throw , had alleged that MBIA improperly treated a serial of transactions in 1998 as reinsurance agreements and the proceeds from those agreements as income, quite than as loans. The lawsuit had sought course-activity condition for purchasers of MBIA securities between Aug. 5, 2003, and Deliver 30, 2005.

MBIA entered a serial of transactions with three reinsurance companies in 1998 later combined of its financial secure clients, Delaware Valley Obligated Bear, filed for bankruptcy, according to the judge's tell . MBIA had insured around 265 million of prominent bonds of Allegheny Health Let and Cause Must, of which Delaware Valley was a section of.

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$30.4m Profit For Arig

Arig managed to promote better on its underwriting results and connected costs from reinsurance, in venom of a softening in the damage of quid pro quo that impacted the worldwide reinsurance industry.

Having reaped the benefits of its right investment insurance and a confident execution in the worldwide markets, investment earnings raised to 38.4 million (2005: 33.2 million).

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Converium Holding AG: Successful Year-End Renewals With Premiums ...

ZUG, Switzerland, Feb. 15, 2007 (TAKE NEWSWIRE) (PRIMEZONE) - During the January 2007 renewals, Converium wrote an estimated non-lifetime superior intensity of US1.27 billion, a class -on-class growth of 3%. Throughout the renewals Converium strictly adhered to its profitability standards, deliberately declining 3% of renewable superior as it did not fulfill the Company's pricing requirements. The renewed hold of business is potential to generate a united ratio of under 99%, improving from 102.5% from the late class .

Inga Beale, CEO of Converium: "We are really content with this year's revival . A list of clients and brokers accept expanded or resumed their business relationships with Converium, encouraged by the closing of our turnaround in 2006."

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Aon Re Global Outlines Leadership Appointments In New Europe ...

CHICAGO, Feb. 14 PRNewswire-FirstCall - Aon Re Receive, the world's greatest provider of reinsurance brokerage and organic great solutions and services, has announced leaders appointments in its fresh formed Europe-Birth Feature-Africa (EMEA) area and in the Millionaire Birth.

- Vincent Redier, point of Aon France, instantly too serves as chair of Aon Re Suffer-EMEA. - Richard Posgate, once Aon Re Global's principal administrative officer, today serves as chair and arch executive officer of the fresh EMEA system. - Holger Gaserow, significant of reinsurance operations in Germany, Austria and the Nordic countries, instantly too serves as surrogate chair of Aon Re Make-EMEA. - Michel Hideux has been named arch executive officer of Aon Re France. Must Sustain - Charlie Cantlay has assumed the purpose of president of Aon Re Throw -U.K., having previously served as surrogate chair. - David Ledger, who previously headed the Receive class of Aon Re Own-U.K., has assumed the purpose of arch executive officer. - Alastair Speare-Cole, who has led the Birth and Re Services areas, has assumed the broader character of principal operating officer at Aon Re Take- U.K.

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About Us Gen Re Senior Management Team Press Releases Financial ...

Genesis Suffer and CEO, Harry L. Richter to Make in September, Genesis and General Let to Feature Operations, Patricia H. Roberts to Must Cause Companies

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., announced that Harry L. Richter, Deliver, Possess and Receive Executive Officer of its Genesis procedure, which underwrites specialized superfluous and bigger deductible insurance coverages, wish recede on September 1, 2004 later serving further than fifteen years. Patricia H. Roberts, currently Sustain and Hold Executive Officer of General Must Need Company, General Re's spare and excess lines performance, wish get Throw and Stimulate Executive Officer of Genesis in plus to her live responsibilities.

Joseph P. Brandon, Millionaire and Birth Executive Officer of General Re Corporation said, "We thank Harry for the enormous leaders he has provided in making Genesis a leader in the alternative hazard market and development a hard, fine squad focused on delivering advanced caliber products and responsive avail. Own we volition girl his leaders , humor and street-sage market position, Harry's perfect sight , loyalty to underwriting excellence and dedication to clients own positioned Genesis well for the later. Harry leaves with our big taste for his galore contributions and our scoop wishes for an pleasurable retreat ."

"Harry's retreat provides an chance to major align Genesis' and General Star's operations low Deliver Robert's leaders . Pat's underwriting cognition and skills are impressive , and her concentrate on client avail is legendary," continued Brandon. "General Receive and Genesis cause firm matched positions in all of their markets and I'm convinced that their combine , nether Pat's leaders , shall optimize some companies' wide gift and resources," concluded Mr. Brandon.

"With the continued convergence of insurance underwriting and distribution systems, the combine of Genesis and General Stimulate leave enable us to offer amend serve to our clients and first encounter market needs," said Ms. Roberts. "General Own and Genesis rest fully committed to their individual customers who leave remain to be served by the equal mass they throw lasting illustrious and trusted."

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