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, …
A.M. Best Co. has assigned a financial strength rating of ‘B++’ (Good) and an issuer credit rating of “bbb” to National Reinsurance Corporation of the Philippines (PhilNaRe) with a stable outlook. “The ratings reflect the company’s adequate risk-adjusted capitalization, established …
Standard & Poor’s Ratings Services has announced that its ratings and outlook on Allianz SE -‘AA’ debt ‘A-1+’ with a stable outlook – and related entities were unaffected by our revision of the outlook to stable from positive on its …
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.M. Best Co. has affirmed the financial strength rating of “B++” (Good) and the issuer credit rating of “bbb” of the Philippine-based Malayan Insurance Company Inc. (MICO) with a stable outlook. “The ratings reflect the company’s well established market presence, …
A Philippines-based company and its president allegedly scammed a Department of Defense health insurance program out of more than $900,000, according to an indictment unsealed Wednesday. Thomas Arthur Lutz and the company he headed, Health Visions Corp., were charged in …
A Florida jury increased to nearly $217 million the damages awarded to a Tampa man who was left brain-damaged and disabled after hospital emergency room doctors misdiagnosed stroke symptoms. The Hillsborough County jury added $100.1 million in punitive damages for …
Scientists at the National Oceanic and Atmospheric Administration Climate Prediction Center reported that El Niño conditions have developed in the tropical Pacific and are likely to continue into early 2007. Ocean temperatures increased remarkably in the equatorial Pacific during the …
ACE announced from its London office that Giles Ward has been appointed Director of its operations in the Middle East and North Africa region (MENA), effective from September 16th. He will be based in the newly established regional head office …
