Although the overall market trends in both pricing and terms and conditions will not be fully developed until the July 1, 2006, Florida renewals are complete, and Standard & Poor’s says it is concerned that the improvements in pricing and …
Swiss Re has released “A shake in insurance history — The 1906 San Francisco Earthquake,” to mark the centennial of the catastrophe. The reinsurer notes that it was “an event that altered the course of the insurance industry and has …
American International Group, Inc. (AIG) has announced that Donald P. Kanak, executive vice chairman and chief operating officer, has resigned from the company, effective January 31, for personal reasons. Kanak has also resigned from the AIG board of directors with …
France’s SCOR Group announced that “premium income linked to Non-Life and Credit & Surety treaties up for renewal on 1 January 2006 is up by around 25 percent.” The bulletin added, “these renewals on 1 January 2006 relate to around …
Zurich Financial Services Group has announced the appointment of Martin Senn, 48, as its new Chief Investment Officer and as a member of the Group Executive Committee (GEC) effective April 1, 2006. He will be based in Zurich and takes …
Euler Hermes ACI, a provider of trade credit insurance and risk mitigation information, has released a special global risk analysis report from its U.S. headquarters in Maryland. The company, a subsidiary of French insurer AGF, which is in turn part …
Rakuten, one of Japan’s top Internet shopping mall operators, has reportedly announced that it is considering entering the country’s nonlife insurance business to boost its growing financial operations. A report from Reuters, who cited the Japanese business daily, Nihon Keizai …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) and assigned an issuer credit rating (ICR) of “aa-” to Sompo Japan Insurance Inc. However, Best maintained its negative outlook to the ratings. “The ratings …
he Hartford Financial Services Group, Inc. (NYSE:HIG) , one of the nation’s largest financial services and insurance companies, is celebrating its 10-year anniversary as a publicly traded company on the New York Stock Exchange. The Hartford regained its independence one …
The last minute compromise agreement reached in the latest World Trade Organization negotiations in Hong Kong enabled the trade delegations of the various countries involved to put on a brave face. The industrialized world – mainly the U.S., Europe and …
