In 2006, 1,192,809 motor vehicles were reported stolen which is 42,417 fewer than in 2005, representing the third year in a row that vehicle theft has declined. Even so, every 26.4 seconds a vehicle is stolen in the United States, …
A.M. Best Co. has commented that the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” for Germany’s Wuerttembergische Versicherung AG (WuerttVers) “remain unchanged following the announcement that WuerttVers has sold its UK branch, WuerttUK Limited, …
Dublin-based Research and Markets has added Datamonitor’s new report: “Global Non-life Insurance” to their offering. R&M said its “Global Non-life Insurance industry profile is an essential resource for top-level data and analysis covering the non-life insurance industry. It includes detailed …
A.M. Best Co. has affirmed the financial strength rating of “B++” (Good) and the issuer credit rating (ICR) of “bbb” of Germany’s SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG (Sovag) (Germany) with a stable outlook. The affirmation reflects Best’s expectations of “a …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit rating (ICR) of “aa-” of Germany’s Munich Reinsurance Company and its rated subsidiaries. Best also affirmed the “a” ratings of the €1.5 billion …
A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a” of Italy’s Societa Cattolica di Assicurazione – Societa CooperativaBest also removed the ratings from under review and assigned a negative outlook. …
Standard & Poor’s Ratings Services has assigned its ‘A-‘ long-term counterparty credit and insurer financial strength ratings to Compagnia Assicuratrice Unipol SpA (Unipol) and Aurora Assicurazioni SpA (Aurora), the main operating entities of Italy’s Unipol Gruppo Finanziario SpA (UGF – …
Standard & Poor’s Ratings Services said that its rating and outlook on Scottish Re Group Ltd. (SCT; B+/Developing/–) “will not be affected by the company’s five-day delay in its second-quarter 2007 10Q filing for the period ended June 30, 2007. …
Italy’s Generali Group posted very strong first half results, with net profits increasing by 26.7 percent to €1.7776 billion ($2.435 billion). Operating profits, which exclude capital gains/losses, rose 28.3 percent to €2.8805 billion ($3.95 billion). Italy’s largest insurer announced the …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Macau-based Luen Fung Hang Insurance Company Limited (LFH) with a stable outlook. “The rating affirmations reflect LFH’s solid risk-based …
