| East Africa: Comesa Insurance Agency Gets Top Rating
Standards & Poors, the world's leading provider of independent credit ratings, given the African Trade Insurance Agency stable 'A' rating. The grade, consequently, underscores the company's ability to pay claims. The investments and trade insurer's rating, reflects its capacity to pay its insurance policies and contracts in accordance with their terms. .
MBIA says it doesn't need more capital, is writing business
Bond insurer MBIA Inc. says it has the liquidity it needs in its insurance and asset management segments and won't spend the $1.1 billion it raised until it boosts capital in the insurance unit and decides how it will run the business long-term. .
Marsh & McLennan posts 1Q loss as Kroll business loses value
Marsh & McLennan lost money in the first quarter as the insurance broker's corporate security business suffered a fundamental deterioration in value, the company said Wednesday. Marsh & McLennan lost $210 million, or 40 cents per share, in the first quarter. In the first quarter last year, Marsh & McLennan earned $268 million, or 49 cents per share. .
(AFX UK Focus) 2008-05-07 16:00 TFN NEWS BRIEFING: Banking and insurance highlights to 15:45 BST
2008-05-07 15:06:17 Marsh & McLennan posts 1Q loss as Kroll business loses value NEW YORK (AP) - Marsh & McLennan lost $210 million in the first quarter as the insurance broker's corporate security business suffered a fundamental deterioration in value, the company said Wednesday. 2008-05-07 14:33:51 ACI's electronics payment solutions to support Mastercard's processing system NEW YORK (Thomson Financial) - ACI Worldwide Inc. Wednesday said its electronics payment system was selected to be part of the platform for Mastercard Worldwide's integrated processing system. 2008-05-07 14:05:11 Legg Mason prices $1 billion sale of special class of stock BALTIMORE (AP) - Legg Mason Inc. said Wednesday it priced an offering of a special class of stock the investment manager is selling to raise $1 billion.
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