Japan News

NATIONAL COVERAGE

S&P Says Nationals Safe, While Midwest-Focused Insurers at Risk N2 | Washington Report House Subcommittee Moves Key Federal Insurance Regulation Bills N4 | Home Insurers Bitten by $350 Million in Dog Claims Average Liability Claim Tops $24,000 N6 | Conning: …

N8 Special Report

2008 Excess, Surplus & Specialty Markets Directory, Vol. II 16 Catastrophe Coverage Wholesalers Can Help 114 Japan’s P/C Market Risks and Rewards 118 Beyond the Perception Trap Become Remarkable

Burma Rights Group Says XL, Chubb to Withdraw; Chubb Cites ‘Inaccuracies’

The Burma Campaign UK, a human rights group, has issued a bulletin stating that XL and Chubb have separately announced their withdrawals from the Burmese market. The Campaign said the move was prompted by a bulletin it had released on …

Ratings Roundup: SALAMA, MBIA/Ambac (Chile), Misr, SJ China, Starbound, Great American

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of SALAMA Islamic Arab Insurance Company (P.S.C.), which is based in the United Arab Emirates. The outlook for both ratings …

‘Dramatic’ WTO Farm Deal Close If Talks ‘Can Be Revived’

A world trade deal that dramatically opens livestock markets in the European Union, Canada and Japan is within grasp, if talks that collapsed last month in Geneva can be revived. U.S. Trade Representative Susan Schwab hinted at the scope of …

Ratings Roundup Philadelphia Consolidated, PURE

A.M. Best Co. has commented that the issuer credit rating (ICR) of “a-” of Philadelphia Consolidated Holding Corp. of Bala Cynwyd, PA is unchanged as a result of the recent announcement that Japan’s Tokio Marine Holdings, Inc. has entered into …

Best Affirms Tokio Marine/Nichido Fire ‘A++’ Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and the issuer credit rating (ICR) of “aa+” of Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) with a stable outlook. Best also affirmed the FSR …

Business Moves

Tokio Marine, Philadelphia Insurance Japan’s Tokio Marine Holdings, Inc. has agreed to acquire Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and casualty insurance to targeted markets. The total transaction value is approximately $4.7 billion. It is …

It Figures

$475,000 Amount spent on state lobbyists in Massachusetts by Commerce Insurance Group in the first six months of 2008 – making it the largest single spender on lobbying in that time frame. The expenditures come as the state’s largest auto …

Business Moves

Tokio Marine, Philadelphia Insurance Japan’s Tokio Marine Holdings, Inc. has agreed to acquire Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and casualty insurance to targeted markets. The total transaction value is approximately $4.7 billion. It is …