Flagstone Reinsurance Holdings announced that its preliminary estimate from loss events that have occurred in Australia in the first quarter of 2011 is expected to be between $60 to $80 million, net of reinstatement premiums and retrocession. “These events include, …
Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on American International Group Inc.’s (AIG) Chartis operating subsidiaries to ‘A’ from ‘A+’. S&P also said it has revised the outlook on AIG and all its …
Insurance companies cannot take gender into account when setting premiums and paying out benefits from annuities and retirement savings or accident cover, the European Union’s top court ruled on Tuesday. The ruling by the European Court of Justice could increase …
