A.M. Best Assigns Ratings to Cardif Property and Casualty Insurance Company: A.M. Best Co. has assigned a financial strength rating (FSR) of A- (Excellent) and an issuer credit rating (ICR) of “a-” to Cardif Property and Casualty ...
Date: 7/18/2008 Source: BestWire
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CRM Holdings Leads Thursday's AMBG as Global Insurance Index Rises 2.67%: The AMBG closed Thursday, July 17, at 1015.50 (+2.67%). All 15 A.M. Best stock indexes rose. Leading A.M. Best's Global Insurance Composite Index (AMBG) were ...
Date: 7/18/2008 Source: BestWire
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Lloyd’s Appoints Brazil Managing Director: Lloyd's has appointed Marco Antonio de Simas Castro as managing director, Lloyd's Brazil. De Simas Castro will be responsible for developing Lloyd's business ...
Date: 7/18/2008 Source: BestWire
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Atradius Lands New Chief Market Officer: Peter Schmidt, a current managing director with Swiss Re, has taken a post with the Amsterdam-based credit insurer Atradius, where he will serve as the chief ...
Date: 7/17/2008 Source: BestWire
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European Insurers Have Billions at Stake in U.S. Mortgage Agencies: Several European insurance and reinsurance companies were prompted to disclose their debt exposure to U.S. mortgage agencies after Swiss Re revealed July 16 ...
Date: 7/17/2008 Source: BestWire
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Insurers Worldwide Keep Wary Eye on Economic Turmoil: The emerging insurance markets of Asia and the Pacific Rim, along with others such as Brazil represent most of the growth areas in the global insurance ...
Date: 7/17/2008 Source: BestWire
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Credit Risk Increases in Europe: The ongoing credit crisis is increasing the amount of credit risk, according to France-based credit risk insurer Coface.
Coface pointed out that in ...
Date: 7/17/2008 Source: BestWire
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Wania Appointed Regional Manager for Ace European Group: Ace European Group appointed Andreas Wania as regional manager for Central and Eastern Europe.
Wania’s role covers the region extending from Russia ...
Date: 7/17/2008 Source: BestWire
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U.K. Ombudsman Attacks Equitable Life Regulation, Urges Compensation: In a highly critical report, the United Kingdom’s parliamentary ombudsman has called on the government of Labor Prime Minister Gordon Brown to consider ...
Date: 7/17/2008 Source: BestWire
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BestDay Audio for Thursday, July 17: Association of British Travel Agents' Sean Tipton on Travel Insurance Regulation: The Thursday, July 17, edition of BestDay Audio includes an interview with Sean Tipton, communications officer of the Association of British Travel Agents. ...
Date: 7/17/2008 Source: BestWire
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United Kingdom's FSA Hosts Annual Public Meeting: The following world meeting will take place the week of July 20:
— The United Kingdom's Financial Services Authority stages its Annual Public Meeting ...
Date: 7/16/2008 Source: BestWire
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A.M. Best Upgrades Ratings of Hannover Re and Revises Rating Outlook to Positive: A.M. Best Co. has upgraded the issuer credit rating (ICR) to “a+” from “a” of Hannover Rueckversicherung AG (Hannover Re) (Germany) and its rated subsidiaries. ...
Date: 7/16/2008 Source: BestWire
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Swiss Re Reveals $9.6 Billion Debt Exposure to Fannie, Freddie: Reinsurance giant Swiss Reinsurance Corp. has disclosed it owns roughly $9.6 billion of corporate debt from troubled U.S. government-backed mortgage lenders ...
Date: 7/16/2008 Source: BestWire
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Schmalzriedt Named New Chairman of Willis Re: Willis Group Holdings has appointed Gary Schmalzriedt chairman of Willis Re, effective immediately.
Schmalzriedt was responsible for Ace’s ...
Date: 7/16/2008 Source: BestWire
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Affirmative Insurance Holdings Inc. Leads Tuesday's AMBG; Global Insurance Index Declines 2.53%: The AMBG closed Tuesday, July 15, at 970.82 (-2.53%). All 15 A.M. Best stock indexes declined. Leading A.M. Best's Global Insurance Composite Index (AMBG) were ...
Date: 7/16/2008 Source: BestWire
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BestDay Audio for Wednesday, July 16: Brit Insurance's Peter Burrows on Xbridge Investment: The Wednesday, July 16, edition of BestDay Audio includes an interview with Peter Burrows, chief executive officer of Brit Insurance, regarding the company's ...
Date: 7/16/2008 Source: BestWire
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Ace Names Swiss Citizen to Board as Part of Redomesticating Plan: Olivier Steimer, chairman of Lausanne, Switzerland-based Banque Cantonale Vaudoise, has been elected to the board of directors at Ace Group. ...
Date: 7/15/2008 Source: BestWire
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Willis Buys 100% Ownership of Hungarian Operation: Willis Group Holdings Ltd. has bought out its local broker partner and acquired 100% of Willis Kft, its joint-venture operation in Hungary.
Willis ...
Date: 7/15/2008 Source: BestWire
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Zurich’s Exit from RBS Insurance Stakes Could be Ominous: The decision by Zurich Financial Services Group to drop its interest in acquiring the insurance assets of Royal Bank of Scotland Group plc suggests the bank’s ...
Date: 7/15/2008 Source: BestWire
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A.M. Best Comments on Zurich Financial Services’ 50% Share Acquisitions of Life and Non Life of Banco Sabadell: A.M. Best Co. has commented that the ratings of Zurich Financial Services (ZFS) (Switzerland) and its rated operating subsidiaries remain unchanged following ...
Date: 7/15/2008 Source: BestWire
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