France’s SCOR Group posted significant earnings gains for the first nine months of 2007, with net income up 93 percent to €299 million ($437 million) and gross written premiums up 62 percent to €3.381 billion ($4.94 billion). The reinsurer appears …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and assigned issuer credit ratings (ICR) of “aa” to the Ancon Insurance and Petroleum Casualty Group. They apply to Vermont-based Ancon Insurance Company, Inc. and its reinsured …
On Sunday, Nov. 11, a delegation led by the Queen honored Great Britain’s “Glorious Dead” at the annual Remembrance Day ceremonies around the Cenotaph in Whitehall. On Friday Nov. 9 Lloyd’s held its annual remembrance service with an address by …
Zurich Financial Services Group announced that Inga Beale (44) will join the company as Head of Organizational Transformation Management and Mergers & Acquisitions as of January 1, 2008. She will also become a member of the Group Management Board and …
France’s AXA Group’s none month results showed significant gains in all of the diversified giant’s activities, with total revenues for the period of €71.625 billion ($105.12 billion) a 5.9 percent increase over the same period in 2006 on a comparative …
Standard & Poor’s Ratings Services has assigned its ‘BBB+’ rating on Medical Insurance Australia Pty Ltd., a national medical indemnity insurer and the largest in South Australia, with a stable outlook. “The rating, which represents good financial security, is the …
Standard & Poor’s Ratings Services commented on an announcement by the Bermuda-based Everest Re Group Ltd. (A-/Negative/–) and related subsidiaries (collectively referred to as Everest). Following its third-quarter earnings release, Everest said it would “be reviewing the asbestos claims notifications …
Jean-Paul Rignault, chief executive of AXA Corporate Solutions, called for premium rates to be stabilized if insurers are to achieve adequate pricing and the current soft market cycle, now taking hold, is to flatten out. He spoke at the close …
Risk management Solutions commemorated the 20th anniversary of the destructive 1987 windstorm that struck Southern England and Northern France with a warning (See IJ web site Oct. 15). Lloyd’s and the UK’s Met Office marked the event with separate bulletins, …
The mighty All Blacks are out; France the host nation is gone, and so is Australia, another pre-tournament favorite, as well as the surprising Pumas from Argentina. Current champions England will face 1995 winner South Africa next Saturday in the …
