Fitch Ratings has downgraded and removed from Rating Watch Negative the long-term issuer and senior debt rating of GE Global Insurance Holding Corporation (GE Global) to ‘A+’ from ‘AA’. Fitch has also downgraded and removed from Rating Watch Negative the …
Aon Corporation recently stated that it is not aware of any formal or informal investigation being conducted by the SEC’s Division of Enforcement despite speculation to that effect in a subscription newsletter dated July 10, 2002. Aon received a comment …
Insurance Services Office Inc. (ISO) and LexisNexis have entered into an agreement that allows LexisNexis to distribute ISO policy forms to its customers, primarily lawyers and law firms. This is the first time that ISO has licensed a third party …
HCC Insurance Holdings Inc. announced that in accordance with the company’s previous announcement, the company is authorized to and may from time to time repurchase up to 3,000,000 shares of its common stock in either the open market or private …
Viking Insurance of Madison, Wisconsin is reintroducing its Viking brand of nonstandard auto insurance. Characteristics of the Viking auto insurance product include shorter policy terms (typically 30 days), low down payments, rating without requiring credit reports and extremely quick turnaround …
The reaction to Munich Re’s announcement that it would strengthen reserves at American Re and for the WTC attacks by a total of $2.5 billion (See IJ Website July 11) had a decidedly unsettling effect. Standard & Poor’s put the …
Claims Direct, the troubled U.K. personal injury compensation settlement company, opted to go into voluntary administration (a procedure similar to a Chapter 11 filing in the U.S.), after failing to raise enough additional capital to keep operating. It also asked …
Swiss Re will host a two-day conference at the at the American Museum of Natural History in New York on July 17 and 18 focusing on the role of greenhouse gas emissions in causing climate change. “The conference will examine …
Munich Re, the world’s largest reinsurer, announced several measures to strengthen its reserves in order to anticipate possible additional claims related to the WTC attacks, and to bolster the capitalization of its U.S. subsidiary, American Re, but it remains upbeat …
France’s Groupama will acquire Plus Ultra Generales, Aviva’s ( ex-CGNU’s) Spanish p/c operation for €246 million ($240 million). The acquisition gives the French mutual insurer a 1.4 percent share of the overall market in Spain and will increase its p/c …
