Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ counterparty credit rating on the Bermuda-based holding company Endurance Specialty Holdings Ltd. S&P also affirmed its ‘A’ counterparty credit and financial strength ratings on the holding company’s core operating subsidiaries: Endurance …
Abu Dhabi government-owned IPIC and Qatar Investment Authority (QIA) will establish a $2 billion fund for global acquisitions, the managing director of IPIC said on Tuesday. “We plan to invest in all sectors, including oil and petrochemicals,” Khadem al-Qubaisi told …
His Excellency Dr. Omar Bin Sulaiman, Governor of the Dubai International Financial Centre (DIFC), has officially opened the 2008 World Insurance Forum (WIF) at the DIFC. This is the first time the event has been held outside of Bermuda. A …
A.M. Best Co. announced that it has upgraded the ratings of a nember of companies -l isted below – following a review of the application of its country risk methodology within the rating process. Best explained that as part of …
Standard & Poor’s Ratings Services has assigned its ‘BBB’ long-term counterparty credit and insurer financial strength ratings to Bermuda-based insurer, International General Insurance Co. Ltd. (IGI) with a positive outlook. Concurrently, S&P withdrew its ‘BBB’ long-term counterparty credit and insurer …
AIG WorldSource ®, a division of the property and casualty insurance subsidiaries of the American International Group, announced that the medical network established by the AIG Companies ® in the Middle East region for injuries arising under Defense Base Act …
Dublin-based Research and Markets announced the addition of “Opportunities in Middle East Insurance Market” to their offering. The report is designed to “help clients to analyze the leading-edge opportunities critical to the success of the insurance industry in the region,” …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit ratings (ICR) of “a-” of New Zealand’s Farmers’ Mutual Insurance Association (FMIA) and its core subsidiary, FMG Insurance Limited (FMGIL), collectively known as …
The ICC International Maritime Bureau (IMB) has issued an alert to all sea traffic off the Horn of Africa. “Heavily armed pirates are subjecting vessels to violent attacks while in international waters,” said a bulletin on the IMB web site …
Oman evacuated tens of thousands Wednesday and closed the major port of Sohar northwest of the capital Muscat, as a weakening Cyclone Gonu roared toward the Strait of Hormuz – the world’s major transport artery for Persian Gulf oil. As …
