A study, released at the Reinsurance Rendezvous in Monte Carlo, has concluded that “the vast majority of European insurers (85 percent) feel well prepared for the next market cycle.” The survey, commissioned by The Insurance Leadership Institute of GE Insurance …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Germany’s Allianz AG and its core subsidiaries, and has assigned an issuer credit rating of “aa-” to these companies, which reflect its opinion, “expressed …
According to the findings of a survey commissioned by The Insurance Leadership Institute of GE Insurance Solutions, independently conducted by Tillinghast, European insurers are becoming increasingly concerned by the growth of tort claims litigation. The results of the survey were …
France’s SCOR Group announced the following appointments in a bulletin released on Friday, Sept.10: Mr. Arnaud Chneiweiss – Director for Strategy and Strategic Holdings for SCOR VIE. His assignment will be to develop SCOR VIE’s Strategy and Strategic Holdings and …
A.M. Best Co. announced that it has affirmed the “A-” (Excellent) financial strength rating of France’s Mutuelle Centrale de Reassurance (MCR). It has also changed the outlook on the company from negative to stable, “reflecting the continuing improvement in underwriting …
A.M. Best Co. affirmed the financial strength rating of “A-” (excellent) of AXA Corporate Solutions Ins. Co. (AXA) based in New York. The rating has been removed from under review and assigned a stable outlook. The rating reflects AXA’s balance …
Euro RSCG Worldwide, a leading integrated marketing communications agency, has released the results of an online survey of more than 13,000 respondents in six countries, which found that more people consistently fret about their finances than about the threat of …
France’s SCOR Group didn’t do quite as well as Swiss Re, but it’s come a long way from the dark days of 2001. The reinsurer’s “Back on Track” restructuring plan and the recently approved “Moving Forward ” Plan seem to …
In a widely anticipated move, the China Insurance Regulatory Commission (CIRC) has reportedly announced plans to loosen the country’s tight currency controls by allowing domestic (as well as foreign) insurers to invest up to 80 percent of their foreign currency …
Bermuda-based PartnerRe Ltd. estimated that claims relating to its exposure to Hurricane Charley are expected to be between $35 and $45 million. Transatlantic Holdings, Inc. announced from New York that its estimated net loss would amount to approximately $32.5 million, …
