AIR Worldwide Corp. reports that it has provided risk modeling and analytical services for more than $3 billion in insurance-linked securities to date this year, or nearly 70 percent of 2007 new issuances. So far in 2007 AIR says it …
In a bulletin from its Singapore office Standard & Poor’s Ratings Services announced the results of a survey it conducted of rated Asia-Pacific banking and insurance entities to determine their exposure to U.S. subprime mortgage-related instruments. It concluded that in …
A top power company official defended safety standards at an earthquake-ravaged nuclear plant Wednesday, even as the company said a radioactive leak was bigger than first reported and came under international pressure for details. The mayor of nearby Kashiwazaki city …
A strong earthquake struck northwestern Japan on Monday, destroying hundreds of homes, buckling seaside bridges and causing a fire at one of the world’s most powerful nuclear power plants. At least seven people were killed and hundreds were injured. The …
No European City has changed as much as Berlin (with the possible exception of Dublin). Since the fall of the wall in 1989, its 3.4 million residents have experienced an unprecedented building boom, as the German government and city officials …
Standard & Poor’s Ratings Services has affirmed its ‘A-‘ counterparty credit and financial strength ratings on Oil Insurance Ltd. (OIL) and removed them from CreditWatch with negative implications, where they were placed on April 23, 2007. The outlook is negative. …
The Hong Kong office of Standard & Poor’s Ratings Services has issued a report affirming the stable outlook on most of the insurance markets in the Asia-Pacific region. “They reflect strengthening balance sheets and strong growth prospects for most markets, …
Democratic gubernatorial candidate John Arthur Eaves Jr. told a press group that he wants to create a state program to provide health coverage for all of Mississippi’s uninsured children. Eaves also said Republican Gov. Haley Barbour is beholden to oil, …
Standard & Poor’s Ratings Services has assigned its ‘B’ senior secured debt rating to the $75 million class A, series 2007-I principal-at-risk variable-rate notes issued under the newly established shelf program, Nelson Re Ltd., sponsored by Glacier Reinsurance AG (Glacier …
Risk Management Solutions has designed the trigger mechanisms and performed the risk analysis for a securitization of multi-peril, multi-event catastrophe risk relating to securities issued by Fremantle Ltd, a Cayman Islands SPV [Special Purpose Vehicle – aka sidecar]. The, securities …
