American International Group announced that Chairman M. R. Greenberg will hold a conference call on Tuesday, July 1, 2003 at 10:00 am EDT to discuss AIG’s agreement to acquire the GE Japan Life Insurance business and the GE U.S.-based Auto …
Zurich Financial Services is reportedly considering the sale of its personal lines Japanese life and P/C operations to American International Group for around 20 billion yen ($169 million). An article, which originally appeared in the Asahi Shimbun, as reported by …
Is the glass half-full, or half-empty? The classic example of identical facts dictating opposite conclusions, depending on whether you’re an optimist or a pessimist, defines the current picture in the reinsurance industry, even if it is admittedly a bit more …
Hawaii Governor Linda Lingle announced the recent licensing of the newest Hawaii captive insurance company that will be used to insure the national and international risks of its Japanese-based parent company. Mitsui & Co. Ltd. has formed its captive insurance …
A.M. Best Co. announced that it has affirmed the financial strength rating of A++ (Superior) of Japan’s Tokio Marine and Fire Insurance Company Ltd., (TMF), and, in a separate announcement, also affirmed the same rating for its Bermuda-based reinsurance subsidiary …
The 39th annual seminar of the International Insurance Society (IIS), hosted by the Insurance Information Institute, is scheduled to be held July 13-16, 2003 at the Waldorf-Astoria in New York. Among the issues to be discussed by many of the …
Boston-based catastrophe and weather risk modeler AIR Worldwide Corp. announced the latest release of CLASIC/2(TM), it’s interactive desktop system for the assessment and management of catastrophe risk. “The 2003 release includes the latest scientific enhancements to AIR’s U.S. tropical cyclone …
Is the glass half-full, or half-empty? The classic example of identical facts dictating opposite conclusions, depending on whether you’re an optimist or a pessimist, defines the current picture in the reinsurance industry, even if it is admittedly a bit more …
American International Group has reportedly amassed a portfolio of investments in Japanese commercial real estate, which market experts value at between $2.5 and $3.5 billion. A report from London’s Financial Times indicates that AIG is betting heavily that the severely …
France’s SCOR Group announced that it has successfully renewed 60 percent of its 2002 portfolio in Asia as of April 1, 2003. Japanese treaties represented 68 percent of business renewed and South Korean treaties 32 percent. “The April 1, 2003 …
