A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating to “a” from “a-” of New Zealand’s Farmers’ Mutual Group (FMG or the group) and its subsidiary, FMG Insurance Limited …
Assurex Global, which is based in Columbus, Ohio, has added three new brokers to its international partnership ranks: Griffiths & Armour and Miller Insurance Services, Ltd., both from the UK, and Associated Insurance Consultants (AIC) of the United Arab Emirates. …
A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of “a-” to Barbados-based Wentworth Insurance Company Limited, an indirect, wholly owned subsidiary of Fairfax Financial Holdings Limited, and has assigned a stable …
Grieving relatives collected the victims’ remains from a crashed Indian plane and investigators sifted through the rubble Sunday for the cockpit voice and the flight data recorder after India’s worst air disaster in more than a decade killed 158 people. …
Russia has released pirates who hijacked an oil tanker in the Gulf of Aden because there are no legal grounds to prosecute them in Moscow, a Defense Ministry official said on Friday. The decision reverses a plan to bring 10 …
A.M. Best Co. has affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of London General Insurance Company Limited (LGI) and London General Life Company Limited (LGL), both with stable outlooks. LGI and LGL are …
Saudi Arabia’s insurance industry is poised for growth in the coming years if customers overcome misgivings about compliance with Islamic law and companies consolidate to gain critical mass. The world’s top oil exporter is one of the least-insured countries and …
A bulletin from Marsh’s London office warns that “firms in the United Arab Emirates (UAE) could fall foul of new corporate governance rules and corporate discipline regulations unless they adopt a more systemic approach to managing risk The new regulations, …
A new report from Marsh has concluded that “despite the global recession, the commercial insurance market remained stable in the second half of 2009. This provided many organizations across Europe, the Middle East and Africa (EMEA) with opportunities to enhance …
A.M. Best Co. has upgraded the issuer credit rating to “bbb+” from “bbb” and affirmed the financial strength rating of’ B++’ (Good) of Panamanian insurer Compania Internacional de Seguros S.A (CIS)., and has revised its outlook on both ratings to …
