Marsh has released a “benchmarking” report examining the use of captive insurance companies by power and utility companies in four regions: the US; Europe, the Middle East and Africa (EMEA); and, Asia Pacific. Marsh said its report – Power and …
Marsh’s London office has issued a new “global benchmarking report,” which examines the use of captive insurance companies by today’s global firms. The report -“Next Generation Captives – Optimising Opportunities” – found that although annual captive premium income is estimated …
Standard & Poor’s Ratings Services has assigned its ‘AA’ counterparty credit and insurer financial strength rating to German insurers DBV-Winterthur Lebensversicherung AG, DBV-Winterthur Krankenversicherung AG, DBV-Winterthur Versicherung AG, and DBV Deutsche Beamten-Versicherung AG with stable outlooks. “The ratings reflect our …
Risk Management Solutions (RMS) announced the launch of “the first parametric index for assessing insured industry losses from windstorms in Europe.” The new model -” Paradex Europe Windstorm” – combines “wind speed measurements in specific locations with industry exposure data, …
Standard & Poor’s Ratings Services has published an article which states that Bermuda-domiciled insurance companies will face increasing competition from other regions of the world. The article – “Competing Insurance Domiciles Are Closing The Gap With Bermuda -” notes that, …
The Baloise Group and Gothaer Versicherungsbank VVaG are negotiating about a strategic partnership and a merger of their German insurance activities. A letter of intent has been signed, the companeis said. Both companies are currently conducting due diligence. The outcome …
Germany’s Allianz SE announced that it is set to further reduce its stake in Munich Re by redeeming the “remaining part of 35.65 percent of the BITES bond issued in February 2005 with Munich Re shares at the final maturity …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Bermuda-based Fortis Insurance Company (Asia) Limited (FICA) with a stable outlook. “The ratings reflect FICA’s adequate risk-based capitalization, favorable operating …
Standard & Poor’s Ratings Services has assigned its ‘BBB+’ rating on Medical Insurance Australia Pty Ltd., a national medical indemnity insurer and the largest in South Australia, with a stable outlook. “The rating, which represents good financial security, is the …
Standard & Poor’s Ratings Services has assigned its ‘AA-‘ counterparty credit and insurer financial strength ratings to Luxembourg-based composite reinsurer Swiss Re Europe S.A. with a stable outlook. “The ratings on Swiss Re Europe reflect its core status within the …
