A.M. Best Co. has affirmed the financial strength rating of “A++” (Superior) and the issuer credit rating of “aa+” of Japan’s Tokio Marine & Nichido Fire Insurance Company Limited (TMNF), with a stable outlook. The ratings reflect TMNF’s strong risk-adjusted …
A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa-” for Bermuda-based Tokio Millennium Re Limited (TMR), a subsidiary of Tokio Marine and Nichido Fire Insurance Company (TMNF) (See related article). …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Luxembourg-based Casiopea Re S.A., the reinsurance captive of Spain’s Telefonica S.A., with a stable outlook. The ratings reflect Casiopea Re’s …
Bermuda-based Montpelier Re Holdings Ltd. reported a fully converted book value per share of $16.08, an increase of 4.4 percent for the quarter inclusive of dividends. Comprehensive income for the quarter ended March 31, 2007 was $72.6 million, or $0.75 …
Munich Re’s annual general meeting yesterday, April 26, highlighted the reinsurer’s strengthened economic position, strong 2006 and first quarter results and improving prospects for the future. Shareholders got an added bonus with the announcement that the Group would raise its …
Italy’s Generali Group has concluded an agreement with PPF Group N.V., an international financial group, headquartered in Amsterdam, Netherlands, which is 95 percent controlled by Petr Kellner, a Czech entrepreneur with a strong track record of success. PPF Group in …
George Viso, owner of George Viso Insurance Agency in West Hollywood, Calif., has died of cancer. Viso operated his agency for more than 25 years and was a fixture at Latin American Agents Association meetings and events. Services were held …
U.S. property and casualty insurers are expected to pay some $1.22 billion for catastrophic events during the first quarter, including severe tornadoes in several southern states, according to a company that tracks insurance data. The ISO Property Claim Services unit …
Many small business owners in New York and the Northeast are still trying to recover from floods caused by as much as eight inches of rain earlier this month. Those who had flood insurance can recoup some of their losses, …
California Insurance Commissioner Steve Poizner is alerting senior citizens and their families to make certain they or their loved ones are not victims of a pre-paid funeral scam which targeted the elderly in Southern California. A California Department of Insurance …
