A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of SCOR Canada Reinsurance Company, and has assigned the company an issuer credit rating of “bbb+.” The outlook for both ratings is positive. “These …
According to a new global survey conducted by France’s AXA Group American consumers are budgeting more for Christmas gifts this year than anyone else in the world — except the British. AXA said that the “average employed U.K. shopper will …
This year will no doubt go down in insurance history as a year to remember. For the most part, the year slid by with minimal excitement … that was until the fall of 2004 when the industry was hit by …
“I see that you have made three spelling mistakes.” Those were the last words of Thomas De Mahay, Marquis de Favras, who was executed in 1790 during the French Revolution. Arrested by revolutionaries and accused of trying to help Louis …
The second of three scheduled trials to determine the amount of the recovery for the destruction of the World Trade Center’s twin towers ended in a victory for master lease holder Silverstein Properties, and its head Larry Silverstein. In the …
A.M. Best Co. has downgraded the financial strength rating to A (Excellent) from A+ (Superior) of Groupama S.A. (Groupama) (France). At the same time, A.M. Best has assigned an issuer credit rating (ICR) of “a” to Groupama. A.M. Best has …
Standard & Poor’s Ratings Services announced that it has revised its outlook on the French-based Allianz Marine & Aviation (France) S.A. (AZMA-F) and the German-based Allianz Marine & Aviation Versicherungs AG (AZMA-D) to positive from stable. S&P also affirmed its …
The second of three scheduled trials to determine the amount of the recovery for the destruction of the World Trade Center’s twin towers ended in a victory for master lease holder Silverstein Properties, and its head Larry Silverstein. In the …
France’s SCOR Group, who reinsured policies written by Allianz Global Risks covering the destruction of the World Trade Center, issued a statement indicating strong disagreement with the jury’s finding that two insured loss events had occurred (See National article). SCOR …
According to a recent e-mail survey, conducted by the Federation of European Risk Management Associations (FERMA), risk managers and their associations have long questioned how brokers are compensated. FERMA queried the members of its Forum 2005 committee to find out …
