Insurance equity analysts expect a significant increase in property/ casualty mergers and acquisitions this year, according to findings of a global survey by Accenture. More than two-thirds (71 percent) of all P/C analysts surveyed said they anticipate a “significant increase” …
Standard & Poor’s Ratings Services has affirmed its ‘BBB’ counterparty credit and senior debt ratings on Bermuda-based Allied World Assurance Co. Holdings Ltd. and affirmed its ‘A-‘ counterparty credit and financial strength ratings on Allied World’s operating subsidiaries with a …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Malaysia’s Labuan Reinsurance Ltd. with a stable outlook. “The ratings reflect Labuan Re’s stable underwriting performance, conservative investment portfolio and …
First comes the “wind shower.” Wearing overalls and rubber boots, employees at Fusheng Food Co. in Qingdao stand in a narrow room as air jets in the walls blow away any dust on them. They wade through ankle-deep disinfectant and …
Dublin-based Research and Markets has added Datamonitor’s new report: “Global Non-life Insurance” to their offering. R&M said its “Global Non-life Insurance industry profile is an essential resource for top-level data and analysis covering the non-life insurance industry. It includes detailed …
A.M. Best Co. has placed the financial strength rating of “B++” (Good) and the issuer credit rating of “bbb+” of South Korea’s MERITZ Fire & Marine Insurance Company, Ltd. under review with positive implications. “The rating actions follow MERITZ’s recent …
No pair of pants is worth $54 million. A judge rejected a lawsuit that sought that amount by taking a South Korean dry cleaner’s promise of “Satisfaction Guaranteed” to its most legalistic extreme. Roy L. Pearson became a worldwide symbol …
A federal jury in Burlington, Vemont ordered chemical giant DuPont to pay a Colchester company $2.3 million to settle a dispute about a coating made to line steel ducts used in the semiconductor industry. Fab-Tech Inc., of Colchester, maintained that …
Four months after beef from a Hastings slaughterhouse was rejected in South Korea over fears of mad cow disease, the slaughterhouse owner faces $180,900 in fines related to 37 alleged safety and health violations. The citations against Premium Protein Products …
France’s Axa Group announced that it has reached an agreement with Kyobo Life to acquire its 75 percent stake in Kyobo Auto, a major South Korean direct automobile insurer. The announcement did not state the purchase price of the acquisition, …
