Ambassador Paul Bremer, who headed up the provisional government in Iraq, and Mikhail Gorbachev, the former Soviet leader whose policies are credited with ending the Cold War, will be the keynote speakers at the 91st annual Insurance Leadership Forum at …
Willis Group Holdings has announced that John McDonnell, a 20 year insurance industry veteran, has joined Willis as executive vice president, director of Willis’ Japan Services Business in North America. Prior to joining Willis, McDonnell worked for Marsh for the …
American International Group Inc. (AIG) reported that its second quarter 2004 net income rose 25.7 percent to a record $2.86 billion or $1.09 per share, compared to $2.28 billion or $0.87 per share in the second quarter of 2003. Second …
This is the first in a series of articles on the Asia insurance marketplace. Part two in this series will focus on India and will appear in a September issue of Insurance Journal. “Let China Sleep, for when she wakes, …
Aioi Insurance Co., Sompo Japan Insurance Inc. and Taisei Reinsurance Co. have annouced that they have settled their damages suit against U.S. reinsurance agent Fortress Re Inc. over losses in connection with the Sept. 11, 2001 terror attacks, according to …
The International Insurance Society’s 40th annual convention concluded proceedings yesterday, July 14, in London. The three-day meeting featured presentations and panel discussions from industry leaders. Patrick Kenny, I.I.S. president and CEO, and Douglas Leatherdale, I.I.S Board Chairman, welcomed delegates at …
China wants to build an insurance system in two to three years to protect against natural catastrophes, which officials estimate cause some $17 million in losses every day. China Daily reported that the Insurance Regulatory Commission is planning an insurance …
Standard & Poor’s Ratings Services announced that it has assigned its ‘A+’ long-term counterparty credit and insurer financial strength ratings to Tokio Marine & Fire Insurance Co. (Singapore) Pte. Ltd. (TMS), with a stable outlook. “The ratings are based on …
A.M. Best Co. announced that it has assigned a financial strength rating of “A+” (Superior) to the Warren N.J.-Based Mitsui Sumitomo Insurance Group (MSIG) with a stable outlook. Best noted that MSIG was formed on January 1, 2003, as a …
AIG United Guaranty, whose affiliate companies provide mortgage guaranty insurance, announced plans to expand both its European and Asian operations as part of its “international growth program.” It has appointed a number of senior executives to head the expansions. In …
