A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of 30 Canadian P/C companies; upgraded seven FSRs and ICRs; upgraded seven ICRs (with no change to the FSRs); assigned four FSRs and ICRs; and …
ACE Bermuda International announced that effective July 1, 2008 all CODA policies will be issued at inception. The company also announced the launch of its new 2008 CODA policy aimed at the UK business market, featuring enhanced personal asset protection …
Swiss Re’s CEO Jacques Aigrain has signed the climate change recommendations of the Group of Eight (G8) leaders. “The document outlines a new, more environmentally effective and economically efficient long-term climate policy framework to succeed the Kyoto Accord, calling for …
Risk Management Solutions (RMS) has unveiled its new portfolio management platform, Miu, which supports the trading of insurance risk using RMS’ leading catastrophe risk analytics. A bulletin from RMS’ London office said: “Miu allows users to quickly quantify and tailor …
Aon’s Middle East unit announced the opening of its regional headquarters in the Dubai International Finance Center (DIFC), following the issuance of a full license to operate within the Center. Aon has operational offices in the UAE (Dubai, Sharjah, Abu …
Willis International Holdings announced the appointment of Margo Black as CEO for the group’s reinsurance operations in Brazil. She will be primarily responsible for the technical and sales development of wholesale business in Brazil, using the local platform to access …
Bond insurer MBIA said Friday it may need to put up nearly $7.5 billion to meet collateral posting requirements and potentially pay off obligations after losing its top “AAA” rating from Moody’s Investors Service. The world’s largest bond insurer said …
Worried relatives wept Sunday as they awaited news of more than 740 passengers and crew aboard a ferry that capsized as Typhoon Fengshen swamped the Philippines, killing more than 80 people and submerging entire communities. A rescue ship battling huge …
Indiana’s agriculture director says June’s flooding likely caused the worst agriculture disaster in state history, damaging nearly a tenth of corn and soybean crops and costing farmers upward of $800 million. “There’s probably no sector of our state that’s been …
Federal Mine Safety and Health Administration officials said they told 16 U.S. mining companies they have patterns of violating health and safety rules and warned them to clean up their acts or face heightened enforcement. All but two of the …
