Japan’s Mitsui Sumitomo Insurance Group Holdings Inc, Aioi Insurance Co and Nissay Dowa General Insurance Co are in talks to merge, a company source said, in a move that would create the country’s largest non-life insurer. Traders snatched up shares …
A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and Bermuda-based Aspen Insurance Limited (AIL) (Bermuda). Best also affirmed the ICR of “bbb” …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa-” of Sompo Japan Insurance Inc., and has revised the outlook for the ICR to stable from positive; the outlook …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of First of Hawaii Group and its members. The outlook for all ratings is stable. (See below for a detailed …
Insurance firms Axa S.A., MetLife Inc. and Prudential Plc., as well as China’s sovereign wealth fund CIC, are all in talks to buy a unit of U.S. insurance firm American International Group in a deal that is likely to fetch …
AIR Worldwide Corporation announced that it has updated its probabilistic catastrophe risk models for Japan. AIR said the “enhanced models will improve the management of earthquake and typhoon risk in Japan. The AIR Earthquake Model for Japan incorporates independent research …
Prudential Financial Inc., Manulife Financial Corp. and three other firms are expected to place competing bids for two Japanese life insurers put up for sale by American International Group Inc, people familiar with the matter said on Tuesday. Prudential unit …
A.M. Best Co. has withdrawn and assigned an “nr” to the issuer credit rating (ICR) of “a-” of Pennsylvania-based Philadelphia Consolidated Holding Corp. as a result of the recently completed acquisition of the company by a subsidiary of Japan’s Tokio …
Lloyd’s has announced the appointment of Volker Eutebach as its first Market Relations Manager for Germany and Austria. He joined Lloyd’s on December 1st, and will be based in Frankfurt, working closely with the Lloyd’s legal representatives for Germany and …
Brown & Brown, Conner Strong Florida- based Brown & Brown Inc. said it has agreed to acquire the small business insurance unit of Conner Strong Companies, Inc., which is headquartered in Cherry Hill, New Jersey. The small business insurance unit …
