Managers of global multiline insurance companies have their work cut out for them in 2008, according to analysts. The year 2008 will be one of challenge for global multiline insurers as they simultaneously try to remain profitable in a volatile …
A New York judge has ordered rapper 50 Cent to hold on to the property where a $2.4 million house at the center of a bitter dispute with his ex-girlfriend burned to the ground last month. State Supreme Court Justice …
Fitch Ratings has placed its ratings on Willis North America Inc. (WNA) and Willis Group Holdings Ltd. (Willis) on its rating watch negative list. Fitch said its rating action follows the announcement that Willis has agreed to purchase all outstanding …
Standard & Poor’s Ratings Services has affirmed its ‘A-‘ junior subordinated long-term debt rating on the €250 million ($387 million) undated, subordinated notes issued by Austria-based Wiener Staedtische Versicherung AG Vienna Insurance Group (WSV AG; A+/Positive/–), following receipt of final …
Standard & Poor’s Ratings Services has raised its counterparty credit and financial strength ratings on Fairfax Financial Holdings Ltd.’s (FFH) operating insurance companies (collectively, Fairfax) to ‘BBB+’ from ‘BBB’, as well as its ratings on FFH and Crum & Forster …
For insurance companies, today’s turbulent markets are presenting both tough investment choices and significant opportunities. That was the sense of a panel of investment officers at Standard & Poor’s Ratings Services’ Insurance 2008 “Operating Within A Global Economy” conference in …
Standard & Poor’s Ratings Services has lowered its counterparty credit rating on Willis Group Holdings Ltd. to ‘BBB-‘ from ‘BBB’ following the recent announcement that it will acquire Richmond, Va.-based insurance broker Hilb Rogal & Hobbs (HRH) for a total …
Willis Group Holdings Ltd. announced that the company has agreed to buy Virginia-based rival Hilb Rogal & Hobbs Co., according to a statement late on Sunday. Willis said the $2.1 billion deal would double its “North American revenues and strengthen …
Willis Group Holdings, the third largest global insurance broker, said Monday it sees its $2.1 billion deal for a rival broker boosting growth, especially in the United States. Willis said late Sunday it would buy Richmond, Virginia-based Hilb Rogal & …
Standard & Poor’s Ratings Services said that its ratings and outlook on Spain’s Mapfre S.A. (A+/Stable/–; core operating entities Mapfre Empresas, Compania de Seguros y Reaseguros, S.A. and Mapfre Re Compañía de Reaseguros, S.A. are rated AA/Stable/–) and on Massachusetts-based …
