A.M. Best Co. announced that it has affirmed the financial strength rating of” B++” (Very Good) of Germany’s Schwarzmeer und Ostsee Versicherungs- (Sovag) ). The outlook remains stable. “The rating reflects Sovag’s consistent and selective underwriting, resulting in a relatively …
Net U.S. investment in Europe has slowed considerably in the past decade, J. Bradford DeLong, professor of economics at the University of California at Berkeley, told directors of RiskProNet International Inc., at recent conference. At home, he said, the U.S. …
Standard & Poor’s Ratings Services announced that it has assigned its “BB” long-term counterparty credit and insurer financial strength ratings to Russian insurer Ingosstrakh Insurance Co. with a stable outlook. S&P also said it had assigned its “ruA”‘ Russia national …
Aon/Albert G. Ruben, an insurance broker for the entertainment industry, released its Global Risks in Filmmaking map that measures major risks, including crime, organized crime and corruption, kidnap and ransom, disease risk and medical care, and assigns an overall risk-level …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘BB’ long-term foreign and ‘BB+’ long-term local currency sovereign credit ratings on the Russian Federation, as well as its ‘B’ short-term foreign and local sovereign credit ratings on Russia. …
Standard & Poor’s Ratings Services announced that it has assigned its ‘B-‘ long-term counterparty credit and insurer financial strength ratings to Russian insurer oOo Strakhovaya Kompaniya Neftepolis, with a stable outlook. It also noted that it had assigned its ‘ruBBB-‘ …
A report from Dow Jones Newswires indicates that Russia’s Economic Ministry is seeking government backing to lower the existing barriers to entry for foreign companies in the country’s insurance market. Foreign life companies are limited to a 15 percent stake …
American International Group Inc. announced the creation of a cooperative joint venture with the Interros Holding Company (Interros) of Moscow. The joint venture permits AIG companies and Interros to bring together their individual strengths to develop investment opportunities that AIG …
A.M. Best Co. announced that it has assigned a financial strength rating of B++ (Very Good) to SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG (Sovag) of Hamburg, Germany with a stable outlook. Although based in Hamburg, the company’s major shareholder is Ingosstrakh, …
Orlando, Fla. – Lloyd’s of London Chairman Sax Riley says that you shouldn’t be in the insurance business unless you’re optimistic. Optimism, to say the least, has been in short supply in the last year or more in the industry. …
