The 22nd Pacific Insurance Conference will be held at the Grand Hotel, Taipei, Taiwan on October 23 – 26, 2005. The 2005 conference features industry leaders making presentations, moderating panel discussions, and directing roundtable workshops examining “Pathways to Success in …
A.M. Best Co. has assigned a financial strength rating of B++ (Very Good) to Malayan Insurance Company Inc. (MICO) (Philippines). The outlook is stable. The rating reflects MICO’s excellent capitalization, leading market position and stable income supported by strong investment …
The filmmaking world is becoming riskier, according to the 2005 Risks in Global Filmmaking map published by Aon/Albert G. Ruben. In addition to highlighting terrorism and political risks, the map placed high-risk ratings on 70 countries compared to 55 a …
Two Aon subsidiaries, Aon Re Global and Impact Forecasting, LLC, have released a report on 2004’s natural catastrophes, describing “a year of freakish weather patterns, ending with the worst natural disaster in modern times: the December 26th tsunami.” The report …
According to preliminary estimates from Swiss Re’s forthcoming sigma report, more than 21,000 people around the world lost their lives as a result of natural and man-made catastrophes in 2004. Economic losses were around $105 billion worldwide, while property insurance …
Standard & Poor’s Ratings Services announced that it has withdrawn its “Bpi” issuer credit rating and financial strength rating on Universal Malayan Reinsurance Corp. (UMRE). “The withdrawal is due to the insufficient information available to support a rating opinion, given …
The U.K.’s Aviva (ex-CGNU) has agreed to sell its Asian non-life business to Japan’s second largest general insurer (after Tokio Marine) Mitsui Sumitomo Insurance Co Ltd. (MSI), for £249 million ($443 million). The move is in line with the British …
ACE Overseas General, the non-U.S. insurance operations of The ACE Group of Companies, announced from Bermuda that Neil C. Smith has been appointed as President of ACE Far East. He succeeds Scott Pickering, who has been appointed Country Manager, ACE …
Global insurance broker Willis Group Holdings Limited has prepared a timely comment on what is unfortunately a growth industry -kidnapping and hostage taking – particularly “among militant Islamic groups against citizens of the West.” “The challenge for Western companies with …
Nev. Attorney General Brian Sandoval announced that District Judge Donald M. Mosley sentenced Purificacion Lobitos, age 56, to a maximum term of 32 months with a minimum term of 12 months in the Nevada Department of Corrections, for one count …
