A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and assigned an issuer credit rating (ICR) of “a-” to South Korea’s LG Insurance Company Ltd. with a stable outlook. “The ratings reflect LG Insurance’s …
A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “A-” (Excellent) of South Korea’s Hyundai Marine & Fire Insurance Company, Ltd. (HMFI). Best also assigned an issuer credit rating (ICR) of “a-” to HMFI. The …
ATV manufacturers in the United States, who for decades resisted federal safety regulations on their vehicles, are now embracing them as foreign companies try to crack the U.S. market. Sens. Norm Coleman, R-Minn., and Mark Dayton, D-Minn., recently introduced legislation …
ILLINOIS Crop Insurance for African Farmers: Opportunity International, a global microfinance network based in Oak Brook, Ill., announced its partnership with the World Bank and its affiliated IFT Commodity Management Group to provide index-based weather insurance to rural farmers in …
A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “A+” (Superior) of South Korea’s Samsung Fire & Marine Insurance Co., Ltd. and has assigned an issuer credit rating (ICR) of “aa-“. The outlook on both …
Typhoon Nabi roared ashore on Japan’s Southern Island of Kyushu. So far the storm has caused at least one confirmed death; 16 people are reported missing and 23 have reportedly been injured. Nabi is packing winds of around 90 mph …
Dublin-based Research and Markets has announced the addition of “Bancassurance in the 21st Century: Global Opportunities to Maximize Revenues” to their offering. R&M’s bulletin noted that “through a series of mergers, takeovers and joint ventures between banks and insurance companies, …
Germany’s Munich Re Group celebrated its 125th anniversary year in style, recovering from a 434 million euro ($578 million) loss in 2003 to post 2004 net profits of 1.833 billion euros ($2.44 billion) despite a series of weather related catastrophes …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of South Korea’s LG Insurance Company Limited with a stable outlook. “The rating reflects LG Insurance’s excellent market profile, flexible liability structure and the short-tailed …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of South Korea’s Samsung Fire & Marine Insurance Company Limited with a stable outlook. “The rating reflects Samsung’s superior capitalization, dominant market position and sound …
