A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Bahrain-based Trust International Insurance & Reinsurance Company (Trust Re) with stable outlook s. “The ratings reflect Trust Re’s strong …
The rise in world food prices carries implications for both rich and poor countries – the latter will more fully feel the impact, as well as the insurance industry. The recent conference in Rome, organized by the UN’s Food and …
France’s SCOR Group announced that it has opened a representative office in Johannesburg, South Africa, as part of its “strategic development plans for the English and Portuguese speaking markets on the African continent.” SCOR said the new facility is “in …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of UK-based UNUM Limited with a negative outlook. “The ratings reflect UNUM’s strong and stable business profile, strong operating performance and …
Swiss Re announced the launch of its “Climate Adaptation Development Program” (CADP) at the Clinton Global Initiative 2007 meeting, which took place in New York on Sept.26-28. The Program is “designed to develop a financial risk transfer market for the …
Editor’s Note: An earlier version of this article quoted Chris Palmer of Aon. Palmer is no longer with Aon, but instead is employed by CMM Entertainment. Insurance Journal regrets the error. Economic and political situations in a number of countries …
In the two days of the 4th International Bird Flu Summit in Washington, D.C. last week, public health officials, business leaders, policy makers, and scientists addressed the fight against bird flu. By the close of the summit on March 14, …
The threat of the bird flu virus mutating into a strain capable of causing a pandemic intensifies amidst a growing number of outbreaks and human cases in different parts of the world. Since 2003, a total of 168 people have …
When it comes to crime, the Internet is like a Swiss Army knife—a multi-purpose tool that’s easy to use and highly versatile. That’s made clear, says the FBI, by the 2006 annual report just issued by its Internet Crime Complaint …
Immigrant scammed medicare for $1 million in Mo. Case Bradley J. Schlozman, U. S. Attorney for the Western District of Missouri, announced that the owner of a medical supply business was sentenced in federal court for his role in a …
