American International Group Inc is expected to price its up to $20.5 billion AIA Group IPO near the top end of the indicative range, sources with direct knowledge of the matter told Reuters on Thursday. The IPO generated more than …
A major research arm of the property insurance industry used giant fans to blow down a two-story, Midwestern-styled house yesterday as part of an unveiling ceremony for a massive new research facility in South Carolina. The Institute for Business & …
“2011 will be another challenging year,” said Roger Sellek, the CEO of A.M. Best Europe – Rating Services Limited, at the rating agency’s annual review of the state of Europe’s insurance industry. Speaking to an attentive audience at the Grange …
Five years after Hurricane Katrina devastated the Gulf Coast, neither the federal government nor the private sector is any closer to developing effective solutions to the problems facing flood and windstorm insurance, according to a new study from the RAND …
Swiss Rre has issued a timely new sigma study , “The impact of inflation on insurers,” which examines “recent commodity price spikes and the current easy monetary policy” that have “increased inflation concerns.” Swiss Re underscored the fact that “many …
Aon Benfield launched a market update for the key Asia Pacific reinsurance hubs of Australia/New Zealand, Japan, Singapore and China at the recently concluded East Asian Insurance Congress (EAIC) in Bali. The announcement gave the following details for each of …
Private sector insurers that provide short-term export-credit insurance covering foreign receivables to U.S. exporters are now eligible for reinsurance from the Export-Import Bank of the United States (Ex-Im Bank). Atradius Trade Credit Insurance Inc. is the first insurer to sign …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-“of Houston Casualty Group (HCC), its property/casualty members and HCC Life Insurance Company. Best also upgraded the FSRs to ‘A+’ (Superior) …
American International Group Inc is set to close the institutional book for the $15 billion AIA Group IPO two days ahead of plan, amid signs the IPO has been swamped by orders from traditional funds and high-profile Chinese investors. A …
The American Insurance Association (AIA) wants state regulators to emphasize regulatory “effectiveness and efficiency” at the National Association of Insurance Commissioners’ (NAIC) fall meeting in Orlando, Florida this week. The insurer organization said national and international regulatory developments “compel the …
