Edmund Tse, Senior Vice Chairman and Co-Chief Operating Officer of American International Group, and Clemente Cabello, CEO of Mexico’s Grupo Nacional have been named to the prestigious Insurance Hall of Fame by the International Insurance Society, Inc. They will be …
Transamerica Reinsurance announced that Jung-Hui (Jeffrey) Huang has been hired as Country Manager for Taiwan. He is responsible for business development in the country and oversees operations in the Reinsurance Service Center in Taipei. The bulletin described Huang as a …
Winterthur, the Insurance division of Credit Suisse, Tianan Insurance and the Shenzhen branch of Hong Kong’s Ming An Insurance Co. have reportedly been granted permission by Chinese regulatory authorities to offer foreign-currency property insurance and personal insurance policies, as well …
Severe Acute Respiratory Syn-drome (SARS) has not, so far, threatened to be a repeat of the world’s last great pandemic—the “Spanish Flu” of 1918-19. Nor is it as lethal as malaria, which, according to the World Health Organization (WHO), kills …
Standard & Poor’s Ratings Services announced that it has raised its public information insurer financial strength rating on Hong Kong-based Tugu Insurance Co. Ltd. (Tugu Insurance) to ‘Bpi’ from ‘CCCpi,’ “following the recent upward revision of the local currency sovereign …
Kroll Inc. is adding kidnap & ransom (K&R) insurance brokered by Asset Security Managers (ASM), a wholly-owned subsidiary of Aon Limited, based in Chicago. Kroll’s new, non-exclusive arrangement with ASM, enables clients of Kroll’s K&R crisis management and other services …
Standard & Poor’s Ratings Services, in a new publication entitled “Taiwan Insurance Outlook 2003,” announced that it has revised its outlook on Taiwan’s nonlife insurance sector to stable from negative. It’s maintaining its negative outlook, however, on the island’s life …
According to the World Health Organization more than 4000 cases of Severe Acute Respiratory Syndrome (SARS) have so far been reported, and more than 250 people have died from the infection. If anything those statistics are conservative. The Chinese government …
Standard & Poor’s reports that a recent outbreak of a pneumonia-like illness known as Severe Acute Respiratory Syndrome (SARS) in greater China and southeast Asia is unlikely to have any immediate impact on its ratings on insurance companies and banks …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Wing Lung Insurance Company Limited, Hong Kong. The outlook is stable. The rating reflects Wing Lung Insurance’s strong underwriting profitability; adequate loss reserves for the long-tail business …
