Munich Re announced that it has transferred earthquake risks in California to the capital markets for subsidiaries of the Zurich Financial Services Group in cooperation with Aon Capital Markets, providing coverage through a $190 million catastrophe bond placement. Munich Re …
A.M. Best Co. has assigned a debt rating of “bb+” to the €120 million ($156 million) principal-at-risk variable rate notes due January 10, 2010, issued by Atlas Reinsurance III p.l.c., a newly created Irish special purpose public limited company. The …
Aon Corp., based in Chicago, announced that its investment banking group, Aon Capital Markets, completed the private placement of $190 million of principal at- risk variable rate notes for Munich Re. The placement provides Munich Re with collateralized catastrophe protection …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Canada’s Co-operators General Insurance Company. Best also upgraded the FSR to “B++” (Very Good) from “B+” (Very Good) …
Newark Calif.-based Risk Management Solutions has announced the launch of the RMS(R) India Earthquake Model. RMS developed the Model as part of its RiskLink(R) catastrophe modeling system. “The Aggregate Loss Module (ALM(R)) was built in partnership with Aon Re Asia …
Trailers packed with cots and medical supplies are parked in secret locations around Colorado, ready for doctors to open makeshift hospitals in school gyms if a flu pandemic strikes. Parts of southeastern Washington are considering drive-thru flu shots during a …
A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Bermuda-based Montpelier Reinsurance Ltd. Concurrently, Best affirmed the ICR of “bbb-” and all existing debt ratings of Montpelier …
Swiss Re’s new sigma study – Securitizations,” also called “insurance linked securities (ILS),” notes that they “provide insurers with a financing vehicle and a means of transferring risks to the capital market,” increase industry capacity, improve insurers’ return on equity, …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit ratings (ICR) of “a-” of Bermuda-based Endurance Specialty Insurance Ltd. and its operating affiliates. Best also affirmed the ICR of “bbb-” of Endurance …
