A.M. Best Europe – Rating Services Limited has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a-” of UK-based Sunderland Marine Mutual Insurance Company Limited (SMMI). Best …
The National Hurricane Center in Miami is currently tracking Tropical Storm Ernesto, as it progresses further into the Caribbean Sea. According to the NHC’s 8:00 A.M. AST bulletin, Ernesto was about 40 miles, 65 km, west southwest of the island …
American International Group reported a larger profit for the second quarter on Thursday, as tax benefits boosted results and operating income grew across the company’s varied insurance businesses. The company also reported more than $11 billion in liquidity at the …
The U.S. House of Representatives passed a $383 million disaster relief bill on Thursday that provides political shelter for lawmakers during the worst drought in half a century, but may not release the aid for months to come. Nearly two-thirds …
Time is running out for Congress to approve a Russia trade bill before Moscow formally enters the World Trade Organization in August, potentially putting U.S. exporters at a huge disadvantage, a senior Republican lawmaker said. Representative Kevin Brady said House …
Willis Group Holdings plc reported its results for the quarter and six months ended June 30, 2012. Selected highlights for the second quarter were listed as follows: — Earnings per diluted share from continuing operations of $0.61 compared to $0.48 …
The Netherlands-based group ING, which has been forced to sell assets in return for receiving state aid during the financial crisis, said it is considering the sale of its UK and Canadian online banking units, estimated to be worth about …
According to catastrophe modeling firm AIR Worldwide, Typhoon Saola, the ninth typhoon of the Northwest Pacific storm season, made its first landfall early Thursday morning local time in Hualien, Taiwan. AIR noted that the storm has since “been downgraded to …
The Royal Bank of Scotland, which is majority owned (82 percent) by the UK government, confirmed on Friday it has dismissed a number of employees for misconduct as a result of its investigations into the Libor interest rate rigging scandal …
