Swiss Re announced that it has officially opened the “Swiss Insurance Training Centre (HK) [SITC-HK], to mark the company’s 50th year in Asia-Pacific.” Swiss Re said the new facility will provide “state-of-the-art courses for insurance and reinsurance professionals from throughout …
Zurich Financial Services Group announced that it has been granted a business license to establish a general insurance branch in Beijing. Both the China Insurance Regulatory Commission (CIRC) and the State Administration for Industry and Commerce (SAIC) have approved Zurich’s …
Typhoon Chanchu came ashore on the Southern coast of the Chinese mainland early this morning, May 18, local time. The powerful storm, packing winds in excess of 100 mph (168 kph), has reportedly caused 11 deaths and triggered the evacuation …
A.M. Best Co. announced that it has downgraded the financial strength rating of Luxembourg-based West of England Ship Owners Mutual Insurance Association (WOE or the Club) to “A-” (Excellent) from “A” (Excellent) and assigned an issuer credit rating of “a-“. …
Global broker Willis Group Holdings, Ltd. announced that it has been “awarded significant new construction and marine cargo business with the Fujian Refining and Ethylene Project (FREP).” Willis, which received written approval from the China Insurance Regulatory Commission (CIRC) to …
Newark, Calif.-based Risk Management Solutions (RMS) has formed a partnership with the China Earthquake Administration scientific and engineering arm, the Institute of Engineering Mechanics (IEM). “This partnership will span a broad host of initiatives designed to promote greater awareness and …
As previously indicated (See IJ Website May 11), Standard & Poor’s Ratings Services has lowered its insurer financial strength rating on Hong Kong-based general insurer QBE Hongkong & Shanghai Insurance Ltd. (QBE Hongkong Shanghai) to “A” from “A+” following the …
XL Capital Ltd President and CEO Brian O’Hara led off XL’s 2nd annual global risk conference in Berlin Germany with a plea to the heads of some of the world’s leading organizations to adopt an industry- based coordinated approach to …
Standard & Poor’s Ratings Services announced from its Melbourne office that it has placed its “A+” insurer financial strength rating on Hong Kong-based general insurer QBE Hongkong & Shanghai Insurance Ltd. on CreditWatch with negative implications. S&P said it had …
Bermuda’s XL Capital Ltd. announced that it will host two global risk conferences on the theme “One World Without Borders.” The first will be held on May 10-11 in Berlin, Germany, and the second on October 4-5 in Boston, Mass. …
