A.M. Best Co. has affirmed the financial strength ratings of ‘A+’ (Superior) and issuer credit ratings of “aa” of FM Global Group and its lead company, Factory Mutual Insurance Company, and its other members, which include FM Insurance Company Limited …
Europe’s largest companies will need to spend more time and resources over the next year on long-term strategic risk planning to avoid being vulnerable to changing market conditions. That’s the advice from Gilbert Van den Eynde, Global Leader of Marsh’s …
The Grand Island, Neb., City Council has decided to continue a terrorism rider on the city insurance plan again next year. Utilities director Gary Mader said the city’s general policy doesn’t cover terrorism, so the rider had to be added. …
U.S. RE ApS, the European subsidiary of U.S. RE Corporation, international reinsurance brokers, has been selected by Finanstilsynet, the Danish financial Supervisory Authority, to conduct a study of terrorism risk reinsurance capacity in the Danish market, Mark Lucas, Managing Director, …
For some Ohioans, the memory of Hurricane Ike is only surpassed by the damage it caused last Sept. 14 as it made its way across the Buckeye State packing winds at speeds equal to a Category 1 hurricane (up to …
Global reinsurance companies are reconsidering their choices of corporate domicile, according to a new report from Standard & Poor’s Ratings Services, titled “Choosing A Domicile Remains A Hot Topic For Global Reinsurers.” S&P notes that the “choice of domicile–which can …
Face-Recognition “We have a target on our back as an epicenter for terrorism. We need to be leaders in the field.” —N.Y. Governor David Paterson commenting on a new technology at the state’s Department of Motor Vehicles that uses face-recognition …
Marsh has launched a specialist contamination insurance product for water utility firms globally, in reaction to “utilities companies move to strengthen their resilience to risks as a result of tightening regulation and the heightened threat of terrorism,” said the bulletin. …
A.M. Best Co. has affirmed the financial strength rating of ‘A++’ (Superior) and issuer credit rating of “aa+” of French government backed reinsurer Caisse Centrale de Réassurance (CCR), both with stable outlooks. The ratings reflect CCR’s “superior risk-adjusted capitalization, good …
Thousands of ground zero responders are being given more time to decide whether to settle lawsuits over their exposure to potentially toxic dust from the ruins of the World Trade Center, lawyers in the case said. The lawyers said they …
