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 …
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. The outlook for the FSR is stable, and the outlook for the ICR has …
France’s SCOR Group announced the official opening of its public tender offer for all of the publicly held registered shares of Converium Holding Ltd. The somewhat delayed offer – due to the time required to comply with Swiss takeover laws …
The Hartford Financial Services Group, Inc. has named Thomas M. Marra to the newly created position of president and chief operating officer. Marra, 48, currently a member of the company’s board of directors and president and chief operating officer of …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A” (Excellent) and the issuer credit ratings (ICR) of “a” of the Liberty Northwest Insurance Corporation, North Pacific Insurance Company and Oregon Automobile Insurance Company, each of which have …
Japan’s vulnerability to natural disasters is increasing as skyscrapers mushroom in cities, shopping malls go underground and the population ages, a recent government report said. While earthquakes are a primary disaster concern, Japan has also suffered from increasingly abnormal weather …
Climate protection is a top priority for German Chancellor Angela Merkel at next week’s G-8 summit, but she said in an interview released Sunday she was skeptical that the world’s industrial leaders would agree on a concrete proposal for emissions …
Paris Re Holdings has taken the first step towards an initial public offering of its shares by registering with the Autorité des Marchés Financiers (AMF), the French stock market regulator. The Company, which indicated its assets at $2.091 billion, said …
Standard & Poor’s Ratings Services latest report on the Japanese non-life industry concludes that, despite large payouts the sector remains relatively stable. However, 2006 was not a particularly good year. S&P indicated that Japan’s “top nine non-life insurers recorded net …
Munich Re announced that it is preparing to issue a subordinated bond for approximately €1 billion ($1.3456 billion). The reinsurer described the debt issue as “a perpetual bond and callable by Munich Re from ten years after the date of …
