Standard & Poor’s Ratings Services announced that it has assigned its preliminary “BBB+” senior debt, “BBB” subordinated debt, “BBB-” junior subordinated debt, and “BBB-” preferred stock ratings to ACE Ltd.’s recently filed universal shelf debt registration. “The new shelf has …
Standard & Poor’s Ratings Services announced that it has revised its outlook on ACE Ltd. and its active operating insurance companies to stable from negative. S&P also affirmed its “A+” counterparty credit and financial strength ratings on ACE’s active operating …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B+” (Very Good) and the issuer credit rating of “bbb-” of Poland’s Polskie Towarzystwo Reasekuracji S.A. (Polish Re) with a stable outlook. “The ratings reflect the good …
The Netherlands-based Eureko Group joined the parade of insurance companies that have enjoyed a good first half. The company announced a 39 percent increase in net income during the period to 338 million euros ($415 million) compared to 243 million …
AEGON-CNOOC Life Insurance Company Ltd., the 50/50 joint venture of AEGON with China National Offshore Oil Corporation (CNOOC), has signed national cooperation agreements with two leading banks in the People’s Republic of China: the Industrial and Commercial Bank of China …
Torrance, Calif.-based Keenan & Associates announced that Tom Russo has been promoted to the position of Northern California Practice Leader for Schools–Property & Casualty. Keenan serves 800-plus California school district clients. Bill Poland, President, Property and Casualty Division of Keenan, …
ACE European Group has announced that Michael Furgueson has been appointed President of ACE’s business operations in the United Kingdom and Ireland. He succeeds Carl Bach, who is moving to a new posting with ACE USA, which will involve managing …
Days after the U.S. Treasury issued its report downplaying the need for renewal of a federal terrorism risk reinsurance program, an organization of 30 democratic countries including the U.S. has warned of shortfalls in terrorism coverage around the world. Nearly …
EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of soul-searching and reassessment, they’ve chosen to …
One would have thought that the crisis in the European Union, provoked when French and Dutch voters rejected the proposed EU Constitution, might have caused a bit of soul-searching and reassessment on the part of Europe’s leaders. One would be …
