A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of French reinsurer SCOR S.E. and its rated subsidiaries. Best has …
A number of experts and politicians from around the world began a meeting on Monday in Geneva, Switzerland. The conference, WCC-3, aims to “ensure that the current and future generations have access to the climate predictions and information necessary for …
Jorge Luzzi, Worldwide Director of the Risk Management Department for the Italian based industrial group Pirelli, has been appointed as a member of the board of the Federation of European Risk Management Associations (FERMA). He is also a member of …
Zurich Financial Services Group has signed up as one of five exclusive partners of the inaugural Asian Amateur Championship, scheduled to be held at the Mission Hills Golf Club’s World Cup Course in Shenzhen, China, from October 29 to November …
Zurich Financial Services Group (Zurich) has appointed Alan Fairhead (50, British citizen), currently chief underwriting officer for Global Corporate, to the position of chief underwriting officer for Europe General Insurance, effective Sept. 1, 2009. He will also retain his role …
Standard & Poor’s Ratings Services has assigned its ‘A+’ counterparty credit and financial strength ratings to QBE Specialty Insurance Co. (QSIC) with a stable outlook. “We view QSIC to be a core member of the QBE Group,” explained credit analyst …
The global economic downturn is far from over, and few countries have dismantled the dangerous protectionist barriers they imposed in response to it, World Trade Organization Director-General Pascal Lamy said on Monday. In remarks to the WTO’s 153 members, Lamy …
Both A.M. Best Co. and Standard & Poor’s Ratings Services have taken a positive outlook for their ratings on PARIS RE and its operating companies, following the announcement that the group would be acquired by PartnerRe. Best said it has …
American International Group Inc., the insurer rescued by a series of federal bailouts, is set to pad out its shrinking board Tuesday when a new slate of directors stands for election at its annual meeting. The nominees will help rebuild …
American International Group Inc., the insurer rescued by $180 billion of federal bailouts, on Tuesday expressed optimism it will be able to repay government loans as it tries to rebound from punishing losses tied to derivatives. AIG held its annual …
