A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of QBE Re Group – U.S. (QBE) (New York, N.Y.). This rating applies to QBE Reinsurance Corporation (Philadelphia) and its subsidiaries, QBE Insurance Corporation (Philadelphia) and QBE Specialty …
The Board of Directors of the Paris-based SCOR Group has reaffirmed its unanimous support for the reinsurer’s planned capital increase. The affirmation came at a meeting held Nov. 21. The board also announced that SCOR’s “Extraordinary General Assembly, which will …
Atlanta-based Crawford & Company announced its financial results for the third quarter ended Sept. 30. Third quarter 2003 revenues before reimbursements totaled $172.2 million compared with $175.9 million in the 2002 third quarter. Third quarter 2003 net loss was ($3.7) …
A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of the U.K.’s Sunderland Marine Mutual Insurance Company Limited (SMMI), with a stable outlook. “The rating reflects the company’s excellent capital position on a risk-adjusted …
Standard & Poor’s has published a report on the Asia-Pacific non-life reinsurance market, which indicates that it “is experiencing a period of profitability following a decade of weak results due to under priced excess capacity.” “Over the past two years, …
Australia’s Westfield Holdings, one of the largest property leasing companies in the U.S., is reportedly in talks with the Port Authority of New York and New Jersey to sell its interest in the World Trade Center lease. According to an …
More than 150 children of Aon employees who perished on Sept. 11, 2001, will persevere in their educational endeavors thanks to the continuing support of the Aon Memorial Education Fund. Established by Aon Corporation on Sept. 14, the fund ensures …
The U.K.’s Royal & Sun Alliance confirmed a 14.25 percent increase in net group profits for the first half of 2003 – £351 million ($556 million), compared to £301 million ($477 million) in 1st half 2002. It also said it …
According to reports from British news services and financial journals, Royal & Sun Alliance, the U.K.’s second largest P/C insurer, is set to announce a significant increase in its first half 2003 profits tomorrow. The news has also fueled widespread …
Standard & Poor’s Ratings Services has published a report on the Asia-Pacific nonlife reinsurance market, which indicates that it “is experiencing a period of profitability following a decade of weak results due to underpriced excess capacity.” “Over the past two …
