There’s a need for state-based insurance regulation, according to Hawaii Insurance Commissioner J. P. Schmidt. Speaking to professors and experts in finance from around the world in his keynote speech at the 16th Annual Global Financial Conference. Commissioner Schmidt’s speech …
Aon Specialty, a division of Aon Risk Services, has unveiled the UK arm of its global Aon Energy unit. “The launch of the new management team follows the integration of energy specialists from the former Benfield Corporate Risks into the …
Russia will likely see more forest fires, droughts and floods in the coming century due to global warming, and policy makers need to prepare for large-scale change, scientists warned in a report released Wednesday. It also said Russia, famous for …
Standard & Poor’s Ratings Services has issued a comment on its CreditWatch placement of Norway-based non-life insurer ASA (NEMI). The ‘BB’ insurer financial strength and long-term counterparty credit ratings on NEMI remain on CreditWatch with developing implications, where they were …
Standard & Poor’s Ratings Services has placed its ‘BBB+’ long-term counterparty credit and insurer financial strength ratings on Ocidental Companhia Portuguesa de Seguros de Vida, S.A., Ocidental Companhia Portuguesa de Seguros, S.A., and Companhia Portuguesa de Seguros de Saúde, S.A.–the …
Standard & Poor’s Ratings Services has lowered to ‘A-‘ from ‘A’ its long-term counterparty credit and insurer financial strength ratings on German life insurer Nuernberger Lebensversicherung AG and P/C insurer Nuernberger Allgemeine Versicherungs-AG, the core operating entities of Germany’s Nuernberger …
Willis Group Holdings announced that Adam Garrard has been appointed CEO of Willis Continental Europe and Bill Donovan has been named to succeed him as CEO for Willis Australasia. The appointments were effective January 1, 2009. Both executives will report …
Lloyd’s has announced the appointment of Erik Börjesson as its first Nordic Area Manager. He will be based in Stockholm and will assist Lloyd’s syndicates and managing agents in building relationships with insurance buyers and intermediaries in the Nordic area, …
Paying landowners to let forests grow is promoted by the United Nations as a viable way to fight global warming, but experts first have to puzzle out how to insure trees against going up in smoke. Under U.N. plans, owners …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Malaysian Reinsurance Berhad (Malaysian Re), both with stable outlooks. “The ratings reflect Malaysian Re’s stable and excellent underwriting performance, conservative …
