The Bermuda-based Catlin Group Limited has established a new office in Hong Kong. “Catlin Hong Kong Limited will operate as a registered Lloyd’s of London coverholder, binding non-life business on behalf of the Catlin Syndicate (Syndicate 2003) at Lloyd’s,” said …
A California Court denied recovery to a 21 year old Taiwanese college coed who suffered tragic life altering injuries in a violent car accident on a County of Los Angeles road. The young woman, a bel ted passenger in a …
General Motors, Shanghai General Motors Corp. received approval to open an office in Shanghai as a step toward beginning insurance operations in China. Detroit-based GM said that Motors Insurance Corp., part of the insurance unit within the automaker’s General Motors …
Standard & Poor’s Ratings Services has affirmed its “A” insurer financial strength and counterparty credit ratings on Taiwan’s Mingtai Fire & Marine Insurance Co. Ltd. with a stable outlook. “The ratings on Mingtai Insurance reflect the company’s good market position, …
Zurich Financial Services Group announced that it has been granted a business license to establish a general insurance branch in Beijing. Both the China Insurance Regulatory Commission (CIRC) and the State Administration for Industry and Commerce (SAIC) have approved Zurich’s …
Newark, Calif.-based Risk Management Solutions (RMS) has formed a partnership with the China Earthquake Administration scientific and engineering arm, the Institute of Engineering Mechanics (IEM). “This partnership will span a broad host of initiatives designed to promote greater awareness and …
American International Group, Inc. (AIG) has reported that its net income for the first quarter 2006 was $3.20 billion or $1.22 per diluted share, compared to $3.80 billion or $1.45 per diluted share in the first quarter 2005. At March …
According to figures released by the British Virgin Islands (BVI) Financial Services Commission the territory posted 10 percent overall growth in its captive insurance business in 2005. “Since the captive legislation was introduced in the BVI, a total of 543 …
Liberty International Underwriters, a division of Liberty Mutual Group, has opened a North Asia Regional Office in Quarry Bay, Hong Kong. “The explosive growth of specialty insurance in Asia is underscored by Lloyd’s assessment of the market,” said the bulletin. …
Munich Re AG, the world’s largest reinsurer by gross premiums, said Tuesday its fourth-quarter profit quadrupled and its annual earnings rose despite the furious series of hurricanes that struck the Gulf of Mexico last year. The company said its sale …
