Standard & Poor’s Ratings Services has issued a bulletin indicating that “its ‘3’ Lloyd’s Syndicate Assessment (LSA) on Chaucer – Syndicate 1084 is not affected by the announcement by Chaucer Holdings PLC (Chaucer Holdings; not rated) on January 28 of …
Standard & Poor’s Ratings Services has revised to positive from stable its outlooks on the insurer financial strength ratings and long-term counterparty credit ratings on Japan’s Aioi Insurance Co. Ltd. and Nissay Dowa General Insurance Co. Ltd. S&P revised its …
AIG Global Real Estate (“GRE”) has plans to divest its Fund Management Business, which operates 15 existing fund programs with over $12.4 billion in assets under management and $5.2 billion in equity capital commitments as of Sept. 30, 2008. The …
The UK launched a second bank rescue plan on Monday. One of the recipients, Royal Bank of Scotland, said it lost over £20 billion ($29.3 billion) last year and Japan said bad loans worldwide had further to climb. The UK …
Standard & Poor’s Ratings Services has lowered to ‘A-‘ from ‘A’ its long-term counterparty credit and insurer financial strength ratings on German life insurer Nuernberger Lebensversicherung AG and P/C insurer Nuernberger Allgemeine Versicherungs-AG, the core operating entities of Germany’s Nuernberger …
Toyota said last week that it plans to roll out new safety and driver-assist programs on certain Toyota and Lexus models beginning late this summer. That marks the first major competition for Detroit-based General Motors’ OnStar service since it started …
The Texas Department of Insurance Division of Workers’ Compensation (TDI-DWC) from June through October 2008 assessed administrative penalties totaling $285,775 in disciplinary orders issued by Commissioner of Workers’ Compensation Rod Bordelon. Commissioner’s orders are subject to appeal to state district …
Standard & Poor’s Ratings Services said today that media reports of a possible merger among Mitsui Sumitomo Insurance Group Holdings Inc., the holding company of Mitsui Sumitomo Insurance Co. Ltd. (MSI) ( AA/Stable/A-1+), Aioi Insurance Co. Ltd. (A+/Stable/–), and Nissay …
Munich Re has released its annual report on the natural catastrophes that occurred in 2008, which it describes as “one of the most devastating years on record.” 2008’s major catastrophes included a number of tropical cyclones (hurricanes and typhoons) and …
Munich Re has released its analytical report on the natural catastrophes that occurred in 2008, which the reinsurer describes as, “one of the most devastating years on record.” 2008’s major catastrophes included a number of tropical cyclones (hurricanes and typhoons) …
