Standard & Poor’s Ratings Services has assigned its “B” senior secured debt rating to the $75 million class A, series 2007-I principal-at-risk variable-rate notes issued under the newly established shelf program, Nelson Re Ltd., sponsored by Glacier Reinsurance AG (Glacier …
Guy Carpenter & Company, LLC, the global risk and reinsurance specialist of the Marsh & McLennan Companies has published a report on the “Recent Legislative and Judicial Trends in Continental Europe Affecting the Casualty Insurance Industry.” The report was authored …
Stockholm-based Skandia, a subsidiary of Old Mutual plc, announced the appointment of Bertil Hult as CEO of its Nordic division, effective in the fall. He joins the financial services company from Vinge, a Swedish law firm, where he is currently …
The Association of British Insurers urged the Government to take action to reduce the “number of young people killed or seriously injured on the UK’s roads,” particularly in the London area, where the ABI said, “more drivers between 17-21 are …
The Association of British Insurers has issued a call for a one-year minimum learning period for would-be drivers, and limits on the number of passengers for young newly-qualified drivers. According to the ABI, younger drivers” make up an eighth of …
Hub International Limited, which got its start in 1998 when 11 Canadian brokers merged and has since grown through acquisitions into one of the largest insurance brokers in North America, is being acquired by funds advised by Apax Partners together …
A.M. Best Co. has assigned a financial strength rating of “A” (Excellent) and an issuer credit rating of “a+” to Sweden’s Skandia Insurance Company Limited and Skandia Life Assurance Company Limited, which is based in the UK. The outlook for …
Standard & Poor’s Ratings Services has affirmed its “BBB” long-term counterparty credit and insurer financial strength ratings on Oslo-based non-life insurer Bluewater Insurance ASA. S&P also removed the ratings from CreditWatch, where they had been placed with negative implications on …
Standard & Poor’s Ratings Services has placed its “BBB” long-term counterparty credit and insurer financial strength ratings on Oslo-based non-life insurer Bluewater Insurance ASA on CreditWatch with negative implications. “The CreditWatch placement follows the announcement by Bluewater that it has …
Transatlantic Holdings, Inc. reported that its net income for the year ended December 31, 2006 was $428.2 million, or $6.46 per common share (diluted), compared to $37.9 million, or $0.57 per common share (diluted), in 2005. Net income for the …
