Accompanying its announcement on TMRe, Standard & Poor’s Ratings Services also noted that it has revised its outlook on Dublin-based reinsurer Tokio Marine Global Re Ltd. (TMGRe) to stable from negative, and affirmed its ‘AA-‘ long-term insurer financial strength rating. …
Th European Commission (EC) confirmed its intention to begin implementing a number of new rules related to the solvency of both insurers and reinsurers in 2005. The EC’s “Solvency 2” initiative aims to “establish a solvency system that is better …
According to a report by A.M. Best Company, improved reported results for 2003 and the first quarter of 2004, stable equity markets, marginal increases in bond yields and raising of some fresh capital after two years of strong rate increases …
According to a report by A.M. Best Company, improved reported results for 2003 and the first quarter of 2004, stable equity markets, marginal increases in bond yields and raising of some fresh capital after two years of strong rate increases …
National News • June 18, 2004 There is plenty of evidence that rates in the reinsurance sector (U.S. and overseas) are now flat for many lines of business and that “hard market” terms and conditions are being broadened as a …
Standard & Poor’s Ratings Services announced that it has assigned its “BBB” long-term counterparty credit and insurer financial strength ratings to Bahrain-based reinsurer Arab Insurance Group (B.S.C.) (ARIG), with a stable outlook. “The ratings are based on the group’s good …
U.S. reinsurers are in peril of repeating the mistakes of history by sacrificing profitability, according to a panel of industry leaders at Standard & Poor’s Annual Insurance Conference in New York City. Now that prices are beginning to level off …
A study conducted by A.M. Best Co. has concluded that Europe’s reinsurers have seen their financial strength stabilize after a two-year period of downward pressure. “Strong accident year results were maintained through the 1st quarter of 2004 and are expected …
Standard & Poor’s Ratings Services has issued a report on the current state of the reinsurance community, which concludes that its resolve will be further tested in 2005. Striking a balance between the “demands of clients, brokers, and shareholders to …
Germany’s Hannover Re announced the results of a survey, conducted by the U.S.-based Flaspöhler Research Group, that singled out the world’s fourth largest reinsurer as the best overall in the North American reinsurance market. According to the bulletin “295 brokers …
