A.M. Best Co. has assigned a financial strength rating (FSR) of ‘B+’ (Good) and issuer credit rating (ICR) of “bbb-” to Winnipeg, Manitoba-based SecuriCan General Insurance Company, both with stable outlooks. Best said the ratings “are reflective of its good …
Marsh announced that it has concluded an agreement to acquire HSBC Insurance Brokers Ltd (HIBL), a wholly owned subsidiary of the HSBC Banking Group. The total consideration is valued at £135 million ($218 million), to be paid with a “mixture …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of South Korea’s Hyundai Marine & Fire Insurance Co., Ltd. (HMFI) both with stable outlooks. “The ratings reflect the …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of South Korea’s Dongbu Insurance Company, Ltd., both with stable outlooks. “The ratings reflect Dongbu’s solid market profile, sound underwriting performance and …
Aon Consulting announced that “opinion leader and industry veteran Dr. Ki Ryung (Charlie) Kim has joined the firm as Chief Executive Officer of Aon Consulting Korea.” Kim joined Aon on October 1. He is based in Seoul. He will lead …
Studies on whether mobile phones can cause cancer, especially brain tumors, vary widely in quality and there may be some bias in those showing the least risk, researchers reported this week. So far it is difficult to demonstrate any link, …
Prudential Financial Inc. said it is considering selling its investment and fund management businesses in Korea. Prudential, the second-largest U.S. life insurer, said it was exploring options, including a sale, for Prudential Investments & Securities and Prudential Asset Management, both …
Rescue workers called off the search Monday for life under the rubble left by a massive earthquake, focusing instead on bringing aid to survivors in the towns and hills of western Indonesia, despite being hampered by torrential rains. “The chances …
Rescuers dug feverishly on Friday through the rubble of a school and other buildings toppled by an earthquake in the Indonesian port of Padang, but few victims were being found alive two days after the tremor. The United Nations said …
The UK’s Chartered Insurance Institute (CII) has concluded that the offshoring of business services faces a difficult future, which it anticipates will have a serious impact on the insurance industry. The CII thinkpiece, “Outsourcing: Continued prosperity despite the global economic …
