Swiss Re has obtained $950 million worth of protection against North Atlantic Hurricanes, Europe Windstorms, Californian Earthquakes and Japan Earthquakes through a natural catastrophe protection program named “Successor”, a follow-up vehicle to its “PIONEER” and “Arbor” programs. Successor becomes the …
Standard & Poor’s Ratings Services has assigned its senior secured debt ratings to the principal at-risk variable-rate notes issued under Swiss Reinsurance Co.’s Successor shelf program (See previous areticle). “These are the first issuances under the seven newly established $1.5 …
Rusbuldt, chief executive officer of the Independent Insurance Agents and Brokers of America, needs no introduction to independent agents, insurance company executives or the power brokers in Washington, D.C., before whom he regularly champions agents’ causes and concerns, from compensation …
Standard & Poor’s Ratings Services has affirmed its “A” insurer financial strength and counterparty credit ratings on Taiwan’s Mingtai Fire & Marine Insurance Co. Ltd. with a stable outlook. “The ratings on Mingtai Insurance reflect the company’s good market position, …
Japan’s non-life insurers posted largely improved profits in fiscal 2005, bouncing back from the previous year’s uncommonly harsh string of natural disasters, according to a report published today by Standard & Poor’s Ratings Services. “While devastating in the U.S., Hurricane …
More than 4900 people have now been confirmed dead following the massive earthquake that hit the Indonesia Island of Java on Saturday, May 27, around 6:00 in the morning local time. More than 20,000 have been injured, and an estimated …
Standard & Poor’s Ratings Services has revised its outlook to positive from stable on the ratings of six Japanese insurance companies, “in tandem with today’s upward revision of the outlook on the sovereign rating on Japan.” “The action pertains to …
A.M. Best Co. has affirmed the financial strength rating of “A++” (Superior) and the issuer credit rating of “aa+” of Japan’s Tokio Marine & Nichido Fire Insurance Company Limited (TMNF) with a stable outlook. “The ratings reflect TMNF’s dominant market …
The World Health Organization on Monday said it was alarmed by figures showing that over 3,300 people in the Western Pacific region die daily of road traffic accidents, suicide, drowning and other injury-related deaths. According to the World Health Organization, …
France’s AXA Group’s earnings figures for the first quarter of 2006 show strong growth in its three main sectors of operation – summarized as follows: — Life & Savings entities new business up 17 percent to €1.573 billion ($2 billion), …
