Berkley Insurance Company, a member company of W. R. Berkley Corporation, announced that it will be filing an application with the Australian Prudential Regulatory Authority (APRA) to establish a reinsurance branch in Australia. The new facility, Berkley Re Australia, will …
Munich Re reported strong six month results with net profits up to €2.132 billion ($2.95 billion), despite a slight downturn in gross premiums written to €18.928 billion ($26.166 billion) compared to €19.063 billion ($26.353 billion) in the first half of …
Germany’s Hannover Re Group posted strong first half gains with operating profits (EBIT) increasing by 15.8 percent year-on-year to €467.7 million ($641 million) compared to €403.9 million ($553 million) in the first half of 2006. Group net income was up …
Standard & Poor’s Ratings Services announced that its ‘BBB-‘ counterparty credit rating on Ohio Casualty Corp. and its ‘A-‘ counterparty credit and financial strength ratings on the members of the Ohio Casualty Insurance Co. Intercompany Pool are remaining on CreditWatch …
Western Mutual, Farmers Home Mutual Western National Insurance Group (WNIG) plans to merge Western National Mutual Insurance Co. and Farmers Home Mutual Insurance Co. into a single company under the surviving name of Western National Mutual Insurance Co. Western National …
No European City has changed as much as Berlin (with the possible exception of Dublin). Since the fall of the wall in 1989, its 3.4 million residents have experienced an unprecedented building boom, as the German government and city officials …
Standard & Poor’s Ratings Services has assigned its “A-” long-term debt rating to the proposed 30-year, subordinated, unsecured, callable notes that Spain-based insurance holding company Mapfre S.A. (A+/Stable/–) plans to issue for an expected amount of up to €1 billion. …
Bermuda-based Aspen Insurance Holdings Limited announced that it will enter the Professional Liability Insurance market in September 2007 through Aspen Insurance UK Limited. “Underwriting will take place solely from Aspen’s UK offices and will target customers outside of the USA, …
The Hong Kong office of Standard & Poor’s Ratings Services has issued a report affirming the stable outlook on most of the insurance markets in the Asia-Pacific region. “They reflect strengthening balance sheets and strong growth prospects for most markets, …
Shelley Boyce, chief executive officer of MedRisk, Inc., has been named to the board of directors of the Workers Compensation Research Institute (WCRI). A nonprofit, nonpartisan public policy research organization, WCRI’s members include employers, insurers, insurance regulators, and state administrative …
