The world’s top three insurance brokers have joined reinsurer Munich Re to promote a major expansion in risk coverage for deepwater drilling in the wake of BP’s disastrous Gulf of Mexico spill last April. Their goal is to expand liability …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of UK-based Ecclesiastical Insurance Office plc. Best also affirmed the debt rating of “bbb” on …
A.M. Best Europe – Rating Services Limited has placed under review with negative implications the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Ukraine’s Lemma Insurance Company. Best explained that the rating action “reflects the …
Property casualty insurers had a healthy growth level in after-tax profits, which stood at $26.7 billion through the first nine months of 2010, according to a release by the Property Casualty Insurers Association of America (PCI), Insurance Information Institute (III) …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has licensed ReMetrica – its flagship capital modeling tool – to Bahrain-based Q-Re, a Middle East reinsurer. “ReMetrica will enable the reinsurer to enhance its Enterprise Risk Management …
Standard & Poor’s Ratings Services has assigned its ‘A’ counterparty credit and financial strength ratings to Switzerland-based Catlin Re Switzerland (CRCH), a new insurance entity created as a subsidiary to Catlin Insurance Co. Ltd. (CICL; A/Stable). The outlook is stable. …
A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the property/casualty and life/health subsidiaries of American International Group, Inc. as well as the ICR of “bbb” of AIG. The FSR’s of most of …
A builders’ association is teaming with Kentucky’s largest workers’ compensation insurer to offer a new workers’ compensation program to its members in Kentucky and southern Indiana. Kentucky Employers’ Mutual Insurance (KEMI) and the Associated Builders and Contractors of Kentuckiana (ABC) …
There are a lot of performance benchmarks to focus on to become a top performing insurance agency and to achieve high profitability. One of the areas agencies need to focus on is compensation expenses. With a struggling national economy, it’s …
The UK may not have a lot of mountains, but that doesn’t mean it doesn’t have a lot of people who ski. So it’s appropriate, as the holiday season begins, to warn those who are eager to hit the slopes …
