federal appeals court has kept alive a challenge to the sovereign immunity of the Vatican by upholding a ruling that victims of sexual abuse by priests can sue the Holy See. The 9th U.S. Circuit Court of Appeals agreed with …
ACE European Group has announced the appointment of Shaun Edwards as a Client Relationship Manager for its Major Risks business, in a move, which, ACE said, “further enhances ACE’s profile and broker relationships within this area.” He will work closely …
Standard & Poor’s Ratings Services has said that its “ratings and outlook on Germany-based global reinsurer Munich Reinsurance Co. (AA-/Stable/–) and core related entities (collectively Munich Re) are unaffected by Munich Re’s withdrawal of its 2010 earnings target” [See IJ …
Willis Group Holdings announced the formation of Willis Global Placement, which it described as a “dedicated entity that will coordinate worldwide placement strategy for the benefit of Willis clients. The new entity, which draws together the company’s placement professionals around …
In a report entitled “A Testing 2009 For The Irish Non-Life Insurance Market, Despite Fundamental Strengths,” Standard & Poor’s Ratings Services forecast a “difficult year ahead for the Irish non-life insurance market as a result of rising claims and continuing …
ACE announced that it is extending its Environmental Risk capabilities by writing the company’s portfolio of Environmental Liability products at Lloyd’s. “ACE’s suite of environmental products is now available through ACE Global Markets Syndicate 2488, with appetite across all industry …
ACE Europe has announced the launch of “ACE Evolve,” which it describes as a “coordinated insurance and risk management solution for mid-sized companies with overseas subsidiaries or assets. ACE Evolve will assist regional UK and Ireland companies trading internationally to …
A.M. Best Co. has commented that the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of German reinsurer Hannover Rueckversicherung AG (Hannover Re) remain unchanged following the company’s announcement of an agreement to acquire …
The Bermuda-based Arch Capital Group announced that the Company has received approval in principle from the Lloyd’s Franchise Board and the Financial Services Authority (FSA) to establish a new managing agent and syndicate at Lloyd’s. It is expected to begin …
Standard & Poor’s Ratings Services has assigned its ‘AA-‘ counterparty credit and financial strength ratings on Renaissance Reinsurance of Europe (RenRe Europe) with a stable outlook. “RenRe Europe, an Ireland-based company, is a subsidiary of Renaissance Reinsurance Ltd. (RenRe; AA-/Stable/–), …
