The Hong Kong office of Standard & Poor’s Ratings Services has issued a report affirming the stable outlook on most of the insurance markets in the Asia-Pacific region. “They reflect strengthening balance sheets and strong growth prospects for most markets, …
Standard & Poor’s Ratings Services has raised its insurer financial strength and counterparty credit ratings on Hong Kong’s Pacific Century Insurance Co. Ltd. (PCI) to “BBB+” from “BBB-.” S&P also raised its rating on PCI Capital Ltd.’s US$100 million 10-year …
Willis Group Holdings Chairman and CEO Joe Plumeri, at a press conference in Shanghai, spoke of the global broker’s commitment to the Chinese market. “We are focusing our business on domestic companies so that we can make a difference in …
Exclusive Video Interview Greenberg Interview, Take 4: Growing C.V. Starr Chairman Maurice “Hank” Greenberg is busy growing his current insurance organization, privately-held C.V. Starr & Co. and all of its units, through acquisitions and investments at home and abroad. His …
Dublin-based Research and Markets has added “Snapshots Hong Kong Non-Life Insurance 2007” to their offering. The new summary report “provides 2005 year-end market size data, with 2006 estimates, 4 years of historical data and five-year forecasts,” said the announcement. It …
In 1968 when the Maurice “Hank” Greenberg took over what was to become American International Group (AIG), it was an insurance agency selling other insurers’ policies around the globe. Within years, AIG was no longer selling other companies’ policies but …
In 1968 when the Maurice “Hank” Greenberg took over what was to become American International Group (AIG), it was an insurance agency selling other insurers’ policies around the globe. Within years, AIG was no longer selling other companies’ policies but …
A.M. Best Co. has upgraded the financial strength rating to “B++” (Good) from “B+” (Good) and the issuer credit rating to “bbb” from “bbb-” of Hong Kong’s Tugu Insurance Company Limited, and assigned a stable outlook. Best indicated that the …
A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa-” of Hong Kong-based HSBC Insurance (Asia) Limited with a stable outlook. “The ratings of HSBC Insurance reflect its consistently profitable underwriting …
A.M. Best Co. announced that Roger Sellek will be joining the rating agency as Managing Director – Global Financial Services for A.M. Best Europe in early May. He will work from Best’s London offices and will report directly to Larry …
