Aon’s Trade Credit division has published its annual analysis of the world’s trade credit and political risk hotspots as illustrated in a new “2005 Political and Economic Risk Map.” The world’s second largest broker also warned that U.S. firms potentially …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of South Korea’s Hyundai Marine & Fire Insurance Company Limited (HMFI) with a stable outlook. “The rating reflects HMFI’s strong market position, consistent investment performance …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of South Korea’s Dongbu Insurance Company Limited with a stable outlook. “The rating reflects the company’s excellent capitalization, solid market position and persistency in operating …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of South Korea’s Oriental Fire & Marine Insurance Company Ltd. with a stable outlook. “The rating reflects Oriental’s consistent and stable operating performance, high-quality …
For those in the life insurance industry who thought they could sit on the sidelines and watch New York Attorney General Eliot Spitzer go after some big property/casualty heavyweights, think again. According to reports on Friday, MetLife and other group …
Typhoon Chaba, packing 130 mph (210 km/h) winds, struck the Southern Japanese Island of Kyushu earlier today, knocking out electrical power to some 300,000 homes, and causing 6000 people to be evacuated to higher ground, as winds, rain and high …
Texas agency insures nearly half of the nation’s cotton exports. Ted Rekerdres never intended to go into the insurance business, but an effective sales job by his father “Rek” Rekerdres, who established an independent cargo insurance brokerage in Dallas in …
France’s SCOR Group announced the official licensing of its Korean operations this month, and indicated it was very pleased with the rates of renewal of its Korean business. The company noted that “the treaty renewals of the SCOR Group at …
A recently released Swiss Re Sigma study has concluded that as the complexity of risk increases brokers face a greater demand for their services. The report entitled ‘Commercial insurance and reinsurance brokerage – love thy middleman’, examines developments in the …
Natural and man-made catastrophes caused the deaths of more than 60,000 people worldwide last year, according to Swiss Re’s latest sigma report. Over two thirds of these were the victims of earthquakes. Overall economic losses from catastrophes were approximately $70 …
