Sid Friedman, 68, whose lovable eccentricities and passion for the art of sales, made him one of America’s most admired professional sales people, died Nov. 13 at Thomas Jefferson University Hospital in Philadelphia. A transplanted New Yorker who came to …
A.M. Best Co. has upgraded the financial strength rating of South Korean insurer Hyundai Marine & Fire Insurance Co. Ltd. (HMFI) to “A” (excellent) from “B++” (very good). The outlook is stable. The rating reflects HMFI’s solid market position and …
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 (SFMI) with a stable outlook. “The rating reflects the company’s superior risk-adjusted capitalization, dominant market …
A.M. Best Co. announced that it has upgraded the financial strength rating to A- (Excellent) from B++ (Very Good) of South Korea’s Hyundai Marine & Fire Insurance Company Limited (HMFI), with a stable outlook. “The rating reflects HMFI’s solid market …
Typhoon Maemi struck the Southeast corner of South Korea on Friday night with deadly consequences. The most powerful storm to hit the peninsula since records have been kept packed winds up to 134 mph (215 kph) and struck at high …
Aon Corporation released its “Report Card for the World,” identifying “unconventional threats” to the balance sheets of U.S. firms conducting business abroad. Aon Trade Credit, which annually maps business risks around the world, found several threats U.S. companies may be …
A.M. Best Co. has assigned an initial financial strength rating of B++ (Very Good) to Oriental Fire and Marine Insurance Company Ltd (OFMI), South Korea. The outlook is stable. The rating reflects OFMI’s strong market position in the commercial lines …
South Korea’s property/casualty insurers have estimated that they will pay 156.3 billion won (around $130 million) in claims for damages caused by typhoon Rusa, which struck the country last week (See IJ Website Sept. 2) The storm, one of the …
According to reports from China’s Xinhua News Agency, the Beijing Insurers Association has taken the lead in establishing a special team of investigators and dispatching them to South Korea to examine and expedite claims payments arising from the crash of …
Standard & Poor’s announced that it has revised the outlook on its single-‘A’ long-term local currency credit rating on South Korea’s Samsung Fire & Marine Insurance Co. Ltd. to positive from stable, and has affirmed its single-‘A’ insurer financial strength …
