Standard & Poor’s Ratings Services announced that it has assigned its “BBB” insurer financial strength and counterparty credit ratings to Taiwan’s First Insurance Co. Ltd. with a stable outlook. At the same time S&P withdrew its previous “BBpi” public information …
Standard & Poor’s Ratings Services announced that it has affirmed its “BBB” insurer financial strength and counterparty credit ratings on Taiwan Fire & Marine Insurance Co. Ltd. (TFMI) with a stable outlook. “The ratings reflect the company’s niche position in …
Risk Management Solutions (RMS) announced the launch of RiskLink and RiskBrowser 4.5, the latest versions of its catastrophe modeling systems. The upgraded systems include new underwriting capabilities, expanded accumulation management functionality, and the addition of new models for Belgium flood, …
For those in the life insurance industry who thought they could sit on the sidelines and watch New York Attorney General Eliot Spitzer go after some big property/casualty heavyweights, think again. According to reports on Friday, MetLife and other group …
The 2004 Worldwide Reinsurance Awards, published by The Review magazine, have been announced at the Review Worldwide Reinsurance Awards ceremony in London. California-based Risk Management Solutions, Inc. (RMS), a leading provider of products and services for the management of catastrophe …
The U.K.’s Aviva (ex-CGNU) has agreed to sell its Asian non-life business to Japan’s second largest general insurer (after Tokio Marine) Mitsui Sumitomo Insurance Co Ltd. (MSI), for £249 million ($443 million). The move is in line with the British …
Even as Typhoon Aere continued to ravage Northern Taiwan and the capital Taipei with 84 mph (140km/h) winds and heavy rains, authorities on the Chinese mainland were preparing for the storm’s arrival. Aere has reportedly been responsible for the deaths …
Typhoon Aere is reported to be on a collision course towards Taipei, the capital of Taiwan, after pelting the northern portion of the island with high winds and rain. According to forecasters’ estimates the storm is packing winds up to …
Zurich Financial Services Group announced that it has signed an agreement to divest all Life Insurance policies written by its Taiwanese branch, including the related assets and liabilities, to Far Glory Life Insurance Company. “This step is in line with …
Germany’s Allianz announced that Bruce Bowers has been appointed CEO of Allianz Insurance Management Asia Pacific Pt. Ltd., based in Singapore, with effect from September 1, 2004. He will succeed Alan Wilson who has held the position for the last …
