More than 100 people have reportedly died and many more are missing following the earthquake that struck a mountainous region of Eastern Turkey early Thursday morning. Rescue efforts were centered on a local school in the village of Celtiksuyu in …
The two main operating companies of the Millea Group, Tokio Marine & Fire and Nichido Fire & Marine, announced that they would offer coverage to persons traveling outside of Japan against the risk of severe acute respiratory syndrome, or SARS. …
inreon, the online reinsurance platform founded by Munich Re and Swiss Re in 2000, announced a further expansion of its operations in Asia with both Korean Re and China International Re, two of the region’s leading reinsurers, agreeing to write …
Millea Holdings Inc., Japan’s biggest P/C insurance group, announced plans to merge Tokio Fire & Marine Insurance Co. and Nichido Fire & Marine Insurance Co. by October 2004. The two companies originally merged in April of 2002 to form Millea. …
France’s AXA Group announced that Hans-Peter Gerhardt, currently a member of the Executive Committee and Vice-President of the Board of Directors of General Cologne Re will join AXA RE as CEO, effective May 1, 2003. Gerhardt, 47, has 22 years …
A.M. Best Co. announced that it has affirmed the financial strength rating of B++ (Very Good) of Japan’s Fuji Fire & Marine Insurance Company Ltd. with a stable outlook, and the A+ (Superior) financial strength rating of New Zealand’s Accident …
inreon, the reinsurance online insurance platform, founded by Swiss Re and Munich Re, announced an expansion of its international operations in Japan, with the addition of two of the country’s largest P/C insurers – Sompo Japan and Fuji Fire & …
A.M. Best Co. announced that it has recently integrated its Asia/Pacific insurance rating and information operations to serve Japan, Australia and New Zealand under A.M. Best Asia-Pacific Ltd. in Hong Kong. “Companies in Japan, Australia and New Zealand will now …
A.M. Best Co. announced that it has affirmed the financial strength rating of A (Excellent) of NIPPONKOA Insurance Company, Ltd., Tokyo, with a stable outlook. Best also assigned the company a financial size category of XV. “The rating reflects the …
A.M. Best Co. has lowered the financial strength rating to A- (Excellent) from A (Excellent) of Unum Japan Accident Insurance Company, Ltd., Tokyo, Japan, and placed the rating under review with negative implications. The company has a financial size category …
