A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of French-based Paris Re and the other rated operating subsidiaries of PARIS RE Holdings Limited (Switzerland) (PRH), the ultimate …
Peter den Dekker, corporate insurance risk manager at Dutch multi-national Stork, has been elected President of the Federation of European Risk Management Associations (FERMA). He takes over from Marie-Gemma Dequae, whose mandate came to an end after four years, following …
Guy Carpenter & Company has published the latest installment in its series of updates on key legislative and legal developments impacting insurers and reinsurers in Continental Europe. The briefing addresses the implications of the ongoing global financial crisis, highlighting the …
A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings of “a” of Transatlantic Holdings Inc. Group and its members, – Transatlantic Reinsurance Company (New York, NY) and Trans Re Zurich (Switzerland), along with …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb+” of Illinois-based American Freedom Insurance Company. Best said the “ratings reflect American Freedom’s solid …
Four nations were blacklisted as uncooperative tax havens Thursday after G-20 leaders declared the age of banking secrecy was over and said they would no longer tolerate shady havens draining away badly needed tax revenue. At the request of the …
XL Insurance, the global insurance operations of XL Capital Ltd., announced that it will offer insurance solutions to Upper Middle Market companies in Germany with an annual turnover ranging from approximately €30 million (40.48 million to €300 million ($404.8 million). …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Bermuda-based ACE Bermuda Insurance Ltd. and ACE Tempest Reinsurance Ltd. Best also affirmed the FSRs of ‘A+’ (Superior) and …
Switzerland’s financial community has seen some major upheavals lately. The latest major change came with the announcement that Peter Forstmoser, Chairman of the Board of Directors of Swiss Re, has decided to resign from the Board, effective May 1. Swiss …
A storm swept across northern France on Tuesday, cutting off more than 600,000 homes from the power grid, while high winds and gales hit Britain and Switzerland. It was the second major storm to hit France in less than three …
