Standard & Poor’s has affirmed its single-‘A’-plus counterparty credit and financial strength ratings on IPCRe Ltd. and revised its outlook on the Bermuda-based reinsurer to “stable” from “negative”. S&P also affirmed its single-‘A’-plus financial strength rating on IPCRe Europe Ltd., …
The innovative feature of the CAT Bond consists of easily ascertainable parametric triggers for the three geographic regions covered by the transaction.”For the San Francisco Bay Area and Greater Los Angeles, the triggers are based on reported earthquake magnitude within …
As earlier reported (see IJ Website Dec. 27), CGNU is close to concluding a deal to sell its French commercial lines business, CGU Courtage, to French mutual insurer Groupama. The transaction highlights the restructuring going on in both companies. CGNU …
No sooner had Special Master Kenneth Feinberg announced the rules governing payments by the Victims’ Compensation Fund, established by the federal government to compensate the survivors and the families of victims of the Sept. 11 attacks, than controversy erupted over …
An impressive lineup of experts will present their views and comments on what may be in store for the industry at the sixth annual Property/Casualty Insurance Joint Industry Forum to be held January 15-16, 2002 at the Waldorf-Astoria Hotel in …
Golden Gate Capital, a private equity investment firm based in San Francisco, Calif., has invested in Endurance Specialty Insurance, a Bermuda-based start-up focusing on the commercial property and liability insurance and reinsurance markets. The company is led by a management …
Continuing a long tradition of personalized client service, 21st Century Insurance announced a collaboration with the Insurance Institute for Highway Safety, producing a crash test ratings guide that provides the public with nationally recognized safety rankings for 2002 vehicle models. …
Commercial property owners throughout the nation can expect their insurance premiums to make major leaps this year due to the repercussions of the Sept. 11 attacks rippling through the insurance industry, according to Jenny Jones, CEO of Los Angeles-based Elkins/Jones, …
ACE USA announced that it has become a member company of the USAIG aviation pool. Under the agreement, future ACE USA Business Aviation accounts for corporate aviation, non-critical products, pleasure and business aircraft and aviation-associated workers’ compensation would be underwritten …
The ACORD — User Groups Information Exchange (AUGIE) has launched its Agents’ Survey, a collaborative industry effort to determine what agents want out of their automation system and company partners today. Agents interested in making changes in the design of …
