Munich Re followed Swiss Re’s announcement yesterday (See IJ Web site Feb. 14) with its own upbeat report on the January reinsurance treaty renewal season. The world’s largest reinsurer said that as of Jan. 1 it had “renewed about 66 …
Dianne Morris of Austin, Texas, has been elected president of the Association of Fire and Casualty Companies in Texas (AFACT) for 2006-2007. Morris is president of the Association Casualty Insurance Company. She succeeds as AFACT president, Robert Ramsower, president and …
Dianne Morris of Austin, Texas, has been elected president of the Association of Fire and Casualty Companies in Texas (AFACT) for 2006-2007. Morris is president of the Association Casualty Insurance Company. She succeeds as AFACT president, Robert Ramsower, president and …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and assigned an “a” issuer credit rating to Japan’s Aioi Insurance Company Ltd. with a stable outlook. “The rating reflects Aioi’s solid market profile, improved …
The ACE Group of Companies reported the appointment of new senior managers in South Africa and New Zealand. Scott Pickering, country manager and managing director of ACE New Zealand, has been appointed chief executive officer for ACE’s new South Africa …
France’s AXA Group reported excellent results for the last quarter of 2005 and a full year increase in gross revenues of 6.9 percent. Overall sales rose from €67 billion ($33.72 billion) in 2004 to €71.7 billion ($87.56 billion). Asset Management …
Risk Management Solutions Inc. (RMS) released the findings of an in-depth study that provides life and personal accident insurers in Japan with key benchmarks for the potential risk of human casualties from catastrophic events. The RMS study, “Catastrophe Mortality in …
A report on the Allianz Web site (www.allianz.com) notes that the customers of the Group’s Indonesian affiliate can now “buy life and non-life Sharia insurance in a one-stop shopping experience. In the initial launch period, PT Asuransi Allianz Life is …
Swiss Re announced the results of a survey of top business leaders, conducted in December 2005, at the World Economic Forum’s Annual Meeting in Davos, Switzerland, which opened today. “The study found that, while risk assessment is becoming a more …
According to a new report – “Tighter Regulations Spark Rating Demand In Japan’s Growing Captive Insurer Market” – published by Standard & Poor’s Ratings Services; more attention is being focused on the relatively new phenomenon of Japanese captives. S&P noted …
