James Brache has joined the Zurich business unit providing insurance and risk management solutions in emerging markets as an underwriter. A provider of political risk and medium-term trade credit insurance, Zurich develops comprehensive coverage for global customers investing and trading …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of Hong Kong’s Wing Lung Insurance Company Limited (WLI) with a stable outlook. “The rating reflects WLI’s excellent underwriting performance, high liquidity and strong capitalization,” …
AIG United Guaranty, whose affiliate companies provide mortgage guaranty insurance, announced plans to expand both its European and Asian operations as part of its “international growth program.” It has appointed a number of senior executives to head the expansions. In …
The Swiss-based Geneva Association and The International Insurance Society, Inc., headquartered in New York, have announced plans to form a new insurance research program designed to produce high quality practical research on current issues in the industry. According to Patrick …
Financial Guaranty Insurance Co. announced that Robert Velins has joined the company as Managing Director, International Finance, effective June 1. He is based in London and has primary responsibility for FGIC’s infrastructure finance efforts in the UK and Europe. Before …
French reinsurer SCOR announced that the following persons have been named to the SCOR VIE Executive Committee at a meeting of its Board of Directors, chaired by CEO Denis Kessler: — Romain Durand, Chief Executive Officer and Director of SCOR …
General Re Corporation, a subsidiary of Berkshire Hathaway Inc., announced that it has been issued a license to operate as a composite reinsurance company in China on a nationwide basis. Gen Re’s branch will be located in Shanghai, while the …
Net U.S. investment in Europe has slowed considerably in the past decade, J. Bradford DeLong, professor of economics at the University of California at Berkeley, told directors of RiskProNet International Inc., at recent conference. At home, he said, the U.S. …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Hang Seng Insurance Company Limited (Hong Kong) with a stable outlook. “The rating reflects the company’s asset rebalance in fiscal year 2003, strong risk-adjusted …
A.M. Best Co. has affirmed the B+ (Very Good) financial strength rating of Tugu Insurance Company Limited (Hong Kong, China). The rating outlook is stable. The rating reflects the company’s prudent capitalization, diversified underwriting portfolio, strong liquidity and conservative investment …
