A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Australia’s Guild Insurance Limited (GIL) with a stable outlook. Best said the ratings reflect GIL’s improved risk-adjusted capitalization, consistent operating …
International business expansions deliver new exposures, new concerns Globalization of directors and officers (D&O) liability products has opened up a whole new world of “what ifs” and “spiraling concerns” for the insurance industry. For starters, insurers, brokers and their clients …
Globalization of directors and officers (D&O) liability products has opened up a whole new world of “what ifs” and “spiraling concerns” for the insurance industry. For starters, insurers, brokers and their clients are asking what is involved in the need …
A.M. Best Co. announced that Roger Sellek will be joining the rating agency as Managing Director – Global Financial Services for A.M. Best Europe in early May. He will work from Best’s London offices and will report directly to Larry …
Converium’s management fired another salvo in its ongoing battle to prevent a takeover by France’s SCOR Group (See IJ web site April 16). The Swiss-based reinsurer has filed a lawsuit in the U.s. Court for the Southern District of New …
Assurex Global Partners assembled “more than 100” members “from six continents” at its annual Spring Partners’ Conference, held recently in Hong Kong, where they “discussed the intricacies of doing business in this part of the world.” The bulletin notes that, …
Two years before a deadly earthquake-triggered tsunami pummeled the Solomon Islands, scientist Fred Taylor’s request for U.S. funds to set up a Pacific seismic monitoring network was flatly rejected. Then there is Phil Cummins of Geoscience Australia, who is still …
Concurrent with the release of its final results for 2006, the Alea Group announced that it has “reached agreement on the terms of a recommended cash acquisition of Alea by FIN Acquisition, a company formed at the direction of Fortress …
Aon Re Global’s analysis of reinsurance rates found premiums for “personal lines, standard commercial lines and complex commercial lines,” are “likely to be flat to lower during mid-year renewals of property catastrophe reinsurance programs.” Aon Re even found evidence of …
London-based Xchanging announced plans for an initial public offering, and the listing of its shares on the London Stock Exchange. The offer is limited to the UK and selected European countries; no listing will be made in the U.S. or …
