A leading U.K. intelligence expert and a specialist in terrorist underwriting at Hiscox Plc have warned that the threat of terrorism will not diminish in the year ahead with the continued potential for attacks around the world. Simon Sole, managing …
Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Oslo-based non-life insurer Norway Energy & Marine Insurance ASA (NEMI) to ‘BBB’ from ‘BBB-‘ and has assigned a stable outlook. …
Former President Bill Clinton closed a very successful initial conference in New York for his Global Initiative with commitments of $1.25 billion. The 3-day event, organized by the ex-President to coincide with the current United Nations Anniversary summit meetings, focused …
Standard & Poor’s Ratings Services announced that it has revised its outlook to positive from negative on Norwegian marine insurer Bluewater Insurance ASA, based on an improved view of the company’s competitive position in the global marine hull insurance market. …
Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and debt ratings on seven unregulated insurance and reinsurance holding companies. S&P also raised its ratings on certain debt issues guaranteed by the holding companies. The …
Lloyd’s Chairman, Lord Peter Levene, addressing a gathering of the Norwegian insurance industry, reminded his audience of the historic ties between the U.K. and the Scandinavian nation, observing that the two countries enjoyed a “a good business relationship.” He also …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘A’ long-term counterparty credit and insurer financial strength ratings on Assuranceforeningen Gard – gjensidig – (Gard P&I), the Norway-based protection and indemnity (P&I) marine mutual club. S&P also said …
A severe winter storm, packing winds up to 150 km/hr (94 mph) and heavy rains has paralyzed much of Northern Europe, caused at least 14 deaths, knocked out power over wide areas and severely interrupted sea, air and land transport. …
Germany’s Allianz announced that it has been providing “on the ground” support to customers in Phuket, Thailand, the popular tourist island which was hit by the tsunamis that devastated Southeast Asia. “When Allianz in Thailand heard of the tsunami on …
Standard & Poor’s Ratings Services announced that it has assigned its ‘BBB-‘ long-term counterparty credit and insurer financial strength ratings to Oslo-based non-life insurer Norway Energy & Marine Insurance ASA (NEMI) with a stable outlook. “The ratings reflect NEMI’s recent …
