Four of the world’s largest insurance trade associations have provided the London-based International Accounting Standards Board (IASB) with detailed suggestions on financial statement disclosures for companies issuing insurance contracts. The recommendations from the American Council of Life Insurers (ACLI), American …
Standard & Poor’s reacted quickly to the announcement by Japan’s Kyoei Mutual Fire & Marine Insurance Co. that it had canceled plans to join the Millea Group, and would instead become a subsidiary of the National Mutual Insurance Federation of …
How do I insure thee? Let me count the ways.” With apologies to Elizabeth Barrett Browning, that question’s become increasingly meaningful for risk managers, insurers, agents, brokers, consultants and investment banks. Alternative markets, alternative risk transfers, parallel markets—all describe different …
How do I insure thee? Let me count the ways.” With apologies to Elizabeth Barrett Browning, that question’s become increasingly meaningful for risk managers, insurers, agents, brokers, consultants and investment banks. Alternative markets, alternative risk transfers, parallel markets—all describe different …
Standard & Poor’s revised the outlook on its “BBB” long-term rating on Fuji Fire & Marine Insurance Co. to stable from negative, based on the insurer’s relatively strong capitalization, more focused corporate strategy, and enhanced financial flexibility supported by its …
Five new members have been elected to the Board of Directors of the New York- based International Insurance Society, Inc., a nonprofit group of 800 senior executives and academics in insurance from 90 nations. The new Board members include: Edmund …
Yasuda Fire & Marine Insurance Co. and Nissan Fire & Marine Insurance Co. have completed their merger, creating Sompo Japan Insurance Inc.the country’s second largest p/c insurer after Millea Holdings Inc., the company formed by the merger of Tokio Marine …
Newark, California-based Risk Management Solutions (RMS) announced that it has provided the risk analysis to Nissay Dowa General Insurance Co., Ltd. and its counterparty, Swiss Re in support of the Fujiyama Ltd. $70 million securitization of potential earthquake losses in …
Standard & Poor’s announced that its outlook on Japan’s non-life insurance industry remains negative following the release this week of insurers’ financial results for fiscal 2001. “Earnings continue to be pressured, while investment income remains weak due to low interest …
The title of the May 14th article concerning Standard & Poor’s removal of the Lloyd’s market from CreditWatch incorrectly had a dash/minus symbol attached to the ‘A’ rating. This was an error and has been corrected. As the text of …
