Swiss Re announced that it has completed a its first credit reinsurance securitization – a €252 million ($309 million) issue transferring credit insurance risk to the capital markets, “thereby increasing Swiss Re’s capital efficiency.” John Fitzpatrick, Head of Financial Services …
Standard & Poor’s Ratings Services announced that it has “affirmed its long-term counterparty credit and insurer financial strength ratings on Hannover Rückversicherung-AG and its core entities (collectively Hannover Re) and removed them from CreditWatch, where they had been placed with …
Dublin-based Research and Markets announced the addition of “Indian Insurance Industry: An Analysis,” compiled by Michael Porter,” to their offering, R&M said: “This report is an incisive study of all the aspects of an industry along with an outlook for …
According to a new report – “Tighter Regulations Spark Rating Demand In Japan’s Growing Captive Insurer Market” – published by Standard & Poor’s Ratings Services; more attention is being focused on the relatively new phenomenon of Japanese captives. S&P noted …
The Detroit City Council is hanging tough regarding ownership of Pit Bulls. A new ban and restrictions on this particular breed that would include mandatory sterilization of those dogs already living in Detroit and a ban on any new members …
A patient safety group in Connecticut is pushing for a law that would require hospitals to track and publicly disclose cases of infections contracted in hospitals. The measure, according to the Connecticut Center for Patient Safety, could save hundreds of …
The family of an underground coal miner killed in a rock fall is entitled to increased death benefits because the company he worked for had violated several mine safety laws, the Supreme Court ruled last week. Ronnie Charles was killed …
The Coast Guard has concluded that a lost anchor in the Delaware River was the main cause of a November 2004 oil spill now ranked among the worst in the mid-Atlantic region. Investigators have cleared the shipper and pilots of …
The Bush administration is reviewing safety equipment used in the nation’s mines after previously scrapping similar initiatives started by the Clinton administration. The agency that oversees coal mine safety is seeking public input on how to better supply miners and …
Beacon Hill Associates, Inc. is offfering PartnerPremises, a fixed site pollution product specifically designed to cover the very real exposures of main street commercial risks. The PartnerPremises policy has a minimum premium of $1,000, and offers mold coverage as an …
