AEGON-CNOOC Life Insurance Company Ltd., the 50/50 joint venture of AEGON with China National Offshore Oil Corporation (CNOOC), has signed national cooperation agreements with two leading banks in the People’s Republic of China: the Industrial and Commercial Bank of China …
Fitch Ratings announced that it has affirmed and removed from Rating Watch Negative the ‘AA’ insurer financial strength (IFS) rating of most of ING Verzekeringen N.V.’s (INV) U.S.-based insurance operating subsidiaries (ING-US). Fitch also affirmed its long-term ratings on INV …
Standard & Poor’s Ratings Services announced that it has assigned its “BBB” long-term insurer financial strength and counterparty credit ratings to Taian Insurance Co. Ltd. with a stable outlook. As a consequence S&P has withdrawn its “BBBpi” public information rating …
Standard & Poor’s Ratings Services announced that it has affirmed its “BBB” long-term insurer financial strength and counterparty credit ratings on Taiwan’s South China Insurance Co. Ltd. with a stable outlook. “The ratings reflect the company’s consistently satisfactory operating performance, …
Standard & Poor’s Ratings Services announced that it has placed its “A-” insurer financial strength and long-term counterparty credit ratings on Taiwan-based Mingtai Fire & Marine Insurance Co. Ltd. on CreditWatch with positive implications. S&P also affirmed its “BBB-/A-3” counterparty …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and assigned an issuer credit rating of “a-” to Central Reinsurance Corporation (Central Re) (Taiwan). The outlook for both ratings is stable. “The rating reflects …
AIR Worldwide Corporation announced the international expansion of its catastrophe modeling services for life, accident and health, and disability insurers. The service was introduced in 2003 as part of the company’s U.S. earthquake and terrorism risk analysis model. Since then …
(8th U.S. Circuit Court of Appeals, applying Minnesota law, March 11, 2005) –Ruling: Supplier’s loss of electricity is not direct physical loss. Under Minnesota law, a power substation that was damaged by an earthquake was not a “supplier of goods …
Aon’s Trade Credit division has published its annual analysis of the world’s trade credit and political risk hotspots as illustrated in a new “2005 Political and Economic Risk Map.” The world’s second largest broker also warned that U.S. firms potentially …
Zurich Financial Services Group announced the appointment of Johnny Chen, 45, as CEO of its recently established Greater China business effective March 1, 2005. “In this newly created position, Johnny Chen will report to Martin South, CEO International Businesses Division, …
