A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 510, which is managed by R.J. Kiln & Co .Ltd. (R.J. Kiln). Best also affirmed the ICR …
American International Group, seeking to raise cash to repay around $180 billion in bail-out loans, has agreed to sell its Hong Kong consumer finance and India-based IT services units. China Construction Bank (CCB) Asia, the country’s second-biggest lender will buy …
Willis Group Holdings announced that it has been appointed as the broker for the” largest rail construction project ever undertaken in Hong Kong by client MTR Corporation Limited (MTR), the operator of Hong Kong’s rapid transit railway system.” The Hong …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Allied World Assurance Company and its operating affiliates. Best also affirmed the ICR of “bbb”, the debt rating …
Los Angeles-based Aon/Albert G. Ruben Insurance Services Inc. has appointed Fred Milstein to managing director, worldwide marketing and business development. In his new role, Milstein will work with Aon/Albert G. Ruben offices across the globe to create and implement marketing …
Lockton Companies (Hong Kong) Ltd. announced the launch of the first “After-the-Event Insurance product (ATE) in Hong Kong.” Lockton HK is working in partnership with UK broker TheJudge, a long established broker in Litigation Risk Transfer Solutions. “ATE Insurance is …
Bailed out U.S. insurer American International Group has chosen Deutsche Bank and Morgan Stanley as its joint global coordinators for a more than $4 billion IPO of its Asian life insurance unit, sources said on Thursday. The American International Assurance …
Standard & Poor’s Rating Services said today that it affirmed its ‘A-‘ counterparty credit and financial strength ratings on Netherlands-based commercial lines insurer Fortis Corporate Insurance N.V. (FCI), but has maintained its negative outlook. S&P’s action follows the announcement that …
As the June 12 shareholders meeting approaches, the three-way tussle between Bermuda-based Validus Holdings and the Max Capital Group over the acquisition of IPC Re shows no signs of letting up. In the latest round Validus lost its bid to …
Standard & Poor’s Ratings Services said that its ratings on Hong Kong-based American International Assurance Co. Ltd. (AIA; A+/Developing/–) and American International Assurance Co. (Bermuda) Ltd. (AIAB; local currency A+/Developing/–) “were not affected by the announcement of an accelerated separation …
