A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Flagstone Reassurance Suisse SA, as well as the ICR of “bbb-” of its holding company, Bermuda-based Flagstone Reinsurance Holdings …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Company and its subsidiaries. Best also affirmed the debt ratings of “a+” on £300 million ($551 million) …
Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ counterparty credit rating on the Bermuda-based holding company Endurance Specialty Holdings Ltd. S&P also affirmed its ‘A’ counterparty credit and financial strength ratings on the holding company’s core operating subsidiaries: Endurance …
Marsh announced the appointment of Stephen Roberts as Leader of its London-based Strategic Risk Practice. He will report to Eddie McLaughlin, Head of Marsh’s Business Risk Consulting Group. Marsh said its “Strategic Risk Practice identifies and analyses risks relating to …
A report from Willis notes that “over the last 18 months, pirate attacks have become more prevalent off the horn of Africa than in the traditional hot spot of the Malacca Straits. This is particularly worrying for Danish shipping companies …
Business lobbyists from the United States will descend on the World Trade Organisation (WTO) in Geneva next week to push for favorable terms in a new trade deal, a source familiar with the visits said on Friday. The visits by …
A.M. Best Co. announced that it is issuing “Takaful (Shari’a Compliant) Insurance Companies”, a rating methodology which outlines the application of Best’s core financial strength rating methodology to takaful insurance companies. Best explained that takaful insurance, which complies with Islamic …
A Hindu woman has spurned an offer by Malaysia’s Islamic authorities to settle a dispute over her dead Muslim son’s insurance policy in a case that highlights growing conflicts over religious rights, a lawyer said Wednesday. The Federal Territory Islamic …
Marsh announced from its London office that David Batchelor will succeed Alex Moczarski as CEO of Marsh’s operations in Europe, the Middle East and Africa (EMEA). He currently heads the Asia Pacific region for Marsh, responsible for operations in China, …
Standard & Poor’s Ratings Services gave the American International Group a vote of confidence as it affirmed AIG’s ‘AA’ long-term counterparty rating and its ‘AA+’ counterparty credit and financial strength ratings on AIG’s core operating subsidiaries. S&P also raised its …
