Royal & Sun Alliance, the U.K.’s second largest commercial insurer, had a good first half of 2005. Operating results rose 79 percent to 329 million pounds ($594 million), compared to 184 million pounds ($332 million) for the first six months …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a” of Sirius International Insurance Corporation (Sirius) (Sweden). The outlook on both ratings remains stable. The ratings reflect implicit support from the …
Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Sweden’s marine mutual insurer The Swedish Club (the club) to ‘BBB’ from ‘BBB-‘ with a stable outlook. “The upgrade reflects …
A.M. Best Co. announced that it has affirmed the financial strength ratings (FSR) and the issuer credit ratings (ICR) of the major operating companies of the Bermuda-based White Mountains Insurance Group Ltd. Best rated OneBeacon Insurance Group (Boston, MA), Folksamerica …
Standard & Poor’s Ratings Services announced that it has raised its public information-based (‘pi’) counterparty credit and insurer financial strength ratings on Swedish insurer Moderna Försäkringar Sak AB (Moderna Sak) to ‘BBBpi’ from ‘BBpi’. “The upgrade reflects Moderna Sak’s improved …
The Washington Department of Labor and Industries has put Skanska USA Building Inc. on notice that it will lose its certificate to self-insure if it doesn’t improve the way it manages workers’ compensation insurance claims. In addition to the “corrective …
Only two thirds of leading European companies operate a democratic policy of one-share one-vote, according to a study prepared for the Association of British Insurers (ABI) by Deminor Rating, a Brussels-based corporate governance consultant. The study, which examined the capital …
Lloyd’s Chairman, Lord Peter Levene, addressing a gathering of the Norwegian insurance industry, reminded his audience of the historic ties between the U.K. and the Scandinavian nation, observing that the two countries enjoyed a “a good business relationship.” He also …
Research and Markets announced the addition of The Global Insurance Handbook 2005 to their offering. The increasing size of risk in the world is reportedly influencing multinational and global companies to protect ever larger balance sheets against traditional and untangible …
The Washington Department of Labor and Industries has put Skanska USA Building Inc. on notice that it will lose its certificate to self-insure if it doesn’t improve the way it manages workers’ compensation insurance claims. In addition to the “corrective …
