Swiss Re today announced the appointment of Qin Lu as general manager of the company’s Malaysia branch. Andrew Davidson, who served as head of the branch since 2002, is relocating to Swiss Re in Australia to take up a client …
Swiss-based Zurich Financial Services (ZFS) reported strong financial results for 2004, tempered by increased loss reserves in the U.S. A.M. Best Co. saw no reason to change the Group’s “A” (Excellent) rating, indicating that the results were in line with …
A.M. Best Co. announced that it has affirmed the financial strength ratings of “A” (Excellent) of the Swiss affiliates of Germany’s Allianz – Allianz Suisse Versicherungs (ASV) and Allianz Suisse Lebensversicherungs (ASL) – with a stable outlook. “The ratings reflect …
Insurance can provide unique and important benefits to a society, but those benefits cannot be realized unless markets are liberalized, said David Snyder, vice president and assistant general counsel for the American Insurance Association (AIA), Thursday at the World Trade …
Switzerland’s Zurich Financial Services Group announced that Centre Group, a subsidiary of Zurich, and Equitas have reached an agreement to commute policies purchased from Centre by Lloyd’s syndicates reinsured by Equitas. Equitas is the Lloyd’s vehicle set up in 1996 …
Although the world’s developed and developing nations still appear to be far apart on concluding new agreements on international trade, they’ve at least agreed to make a new attempt to do so. The so-called Doha round of trade talks hit …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) of Winterthur Swiss Insurance Company and its core subsidiary, Winterthur Life Insurance Company, collectively known as Winterthur Group (Winterthur). Best also said it has assigned an issuer credit …
Certain events mark each generation, but as the scope of the disaster that struck 12 countries around the Indian Ocean on Dec. 26 emerges, it has become evident that it will haunt not just the present generation, but many future …
California isn’t alone in trying to cope with deadly weather. Northern Europe has been lashed by the most powerful storm to hit the continent since Lothar and Martin ravaged France, Switzerland and Germany in 1999. This time, due to a …
A.M. Best Co. announced that it has revised the rating outlook to positive from stable of Switzerland’s Infrassure Ltd. and has affirmed the group’s “B++” (Very Good) financial strength rating. “The positive outlook reflects Infrassure’s excellent earnings leading to an …
