Europe is facing an immense demographic challenge that will cuts its growth rate substantially and strain its public finances as its baby boomers retire and life expectancy increases, although some countries have taken steps to address the aging population. A …
Willis Group Holdings Ltd., the global insurance broker, announced the appointment of Gregory Arms as executive vice president and chairman of its Global Employee Benefits Practice. He is based in New York City. Reporting to Willis Chairman and CEO, Joe …
It appears all 121 people on board a Cypriot airliner died Sunday when the plane rammed into a hill north of Athens, Greece. Early reports say one or both of the pilots may have been unconscious prior to the crash, …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) and assigned an issuer credit rating of “bbb” to Cyprus-based Alliance International Reinsurance Public Company Limited. The outlook for both ratings is stable. Best …
Standard & Poor’s Ratings Services announced that it has affirmed its “BBB” long-term counterparty credit and insurer financial strength ratings on Cyprus-based reinsurer Alliance International Reinsurance Public Co. Ltd. (Alliance Re) with a stable outlook. “The ratings reflect Alliance Re’s …
A.M. Best Co. announced that it has affirmed the “B++” (Very Good) financial strength rating of Cyprus-based Alliance International Reinsurance Company (Alliance Re), and has removed the rating from under review with developing implications. The outlook remains stable. “The rating …
Standard & Poor’s Ratings Services announced that it has affirmed its “BBB” long-term counterparty credit and insurer financial strength ratings on Cyprus-based reinsurer Alliance International Reinsurance Co. Ltd. All of the ratings have also been removed from CreditWatch, where they …
A.M. Best Co. announced that it has placed the financial strength rating of “B++” (Very Good) of Alliance International Reinsurance Company, based in Limassol, Cyprus, under review with developing implications. Best said it had taken the rating action following the …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of Alliance International Reinsurance Company (Alliance Re), based in Limassol, Cyprus, with a stable outlook. “The rating reflects the company’s strengthened risk-adjusted capitalisation, good …
Lloyd’s Chairman Lord Peter Levene announced that the U.K.’s Financial Services Authority (FSA) has given Lloyd’s authorization to write direct business in eight of the new European Union accession countries (See IJ Website May 3). Lloyd’s said the new licenses …
