A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 2003, which is managed by Catlin Underwriting Agency Limited (CUAL), a member of the Bermuda-based Catlin Group Limited (CGL), …
The latest bulletin from Risk Management Solutions describes Hurricane Bill making landfall in southeast Newfoundland as a weak category 1 hurricane. As of a few hours ago the storm was approximately 90 miles (145 kms) north-northwest of Cape Race Newfoundland …
Jorge Luzzi, Worldwide Director of the Risk Management Department for the Italian based industrial group Pirelli, has been appointed as a member of the board of the Federation of European Risk Management Associations (FERMA). He is also a member of …
In response to the continuing problems UK companies are experiencing in renewing their trade credit cover during the worldwide recession, Marsh announced the launch of a new service “to help these organizations stabilize or improve the credit limits issued by …
Zurich Financial Services Group (Zurich) has appointed Alan Fairhead (50, British citizen), currently chief underwriting officer for Global Corporate, to the position of chief underwriting officer for Europe General Insurance, effective Sept. 1, 2009. He will also retain his role …
Willis Group Holdings Limited (NYSE: WSH) reported the company’s total second quarter revenues were up by 19 percent, an increase due primarily to the HRH acquisition. Total reported revenues for the quarter ended June 30, 2009 were $784 million compared …
Lloyd’s announced the opening of a new office in Dublin, Ireland. Lloyd’s Chairman Lord Levene, who presided at the ceremony to open the new facility, indicated that its establishment illustrates the market’s confidence in the Irish economy, despite the effects …
A.M. Best Co. has revised its outlook to stable from positive for the ratings of Hannover Rueckversicherung AG (Hannover Re) and its rated subsidiaries, while also affirming the German reinsurer’s financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit …
The contest to acquire IPC Holding appears to be over. Validus Holdings, the formerly unwelcome suitor, whose rival bid ended Max Capital’s effort to take over IPC, has emerged as the winner. Validus finally came up with $1.65 billion in …
Marsh announced that it has appointed John Nicholson as Risk and Governance Director of Marsh in the UK, a newly created position within the company. He will lead Marsh’s ongoing program to develop and embed robust risk management and governance …
