A.M. Best Co. has published a request for comments from market participants in the insurance industry and other interested parties on a draft of its methodology, “Takaful (Shari’a Compliant) Insurance Companies.” The draft document is currently available for down load …
Standard & Poor’s Ratings Services has assigned its ‘BBB’ long-term counterparty credit and insurer financial strength ratings to Bermuda-based insurer, International General Insurance Co. Ltd. (IGI) with a positive outlook. Concurrently, S&P withdrew its ‘BBB’ long-term counterparty credit and insurer …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Malaysia’s Labuan Reinsurance Ltd. with a stable outlook. “The ratings reflect Labuan Re’s stable underwriting performance, conservative investment portfolio and …
Research and Markets has added “Snapshots Malaysia Insurance 2007” to their offering as part of the research firm’s Snapdata series. R&M said the new report “provides 2005 year-end market size data, with 2006 estimates, 4 years of historical data and …
A powerful earthquake off western Indonesia triggered warnings of a potentially destructive tsunami across much of the Indian Ocean region Wednesday, meteorological agencies said. [IJ Ed. Note: Several powerful aftershocks also triggered Tsunami warnings, but as of 7:00 a.m. EDT, …
The recent shutdown of a Browns Ferry reactor in Alabama because of high Tennessee River temperatures was international news. In the mainstream press from Britain to Germany to Malaysia, on National Public Radio, and in anti-nuclear blogs worldwide, people who …
A top power company official defended safety standards at an earthquake-ravaged nuclear plant Wednesday, even as the company said a radioactive leak was bigger than first reported and came under international pressure for details. The mayor of nearby Kashiwazaki city …
The Hong Kong office of Standard & Poor’s Ratings Services has issued a report affirming the stable outlook on most of the insurance markets in the Asia-Pacific region. “They reflect strengthening balance sheets and strong growth prospects for most markets, …
A report published by Standard & Poor’s Ratings Services with the rather lengthy title “Established Regulatory & Legal Environment Gives Malaysian Takaful Market The Edge Over Gulf Cooperation Council, But Competition Will Hit Earlier,” examines the two markets. S&P initially …
Standard & Poor’s Ratings Services has published “Takaful: A New and Viable Insurance Business Model or Just A Marketing Opportunity?” The study examines the potential $4 billion market in the Middle East for the coverage, which adheres to principles of …
