A.M. Best Co. has upgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit ratings (ICR) to “a” from “a-” of the rated UK operating subsidiaries of the UK’s RSA Insurance Group plc. Best …
The U.S. Senate Banking Committee has scheduled a hearing on March 5 to examine government aid to insurer American International Group Inc, a source familiar with the hearing said Wednesday. Federal Reserve Board Vice Chairman Donald Kohn is among several …
American International Group Inc., facing massive losses and seeking fresh funds, may be willing to give up control of its prized Asian division, worth about $20 billion, said sources with direct knowledge of the matter. Advisers have signalled the embattled …
Bermuda-based AXIS Capital Holdings Limited announced that Christopher DiSipio has joined AXIS Insurance in Berkeley Heights, NJ as CEO of AXIS Insurance’s newly formed Accident & Health Division. He has over 24 years of experience in international accident, health and …
The Travelers Companies, Inc. reported net income of $801 million for the quarter ended Dec. 31, 2008, compared to $1.063 billion, for the quarter ended Dec. 31, 2007. Operating income in the current quarter was $939 million compared to $1.057 …
A.M. Best Co. has commented that the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of German reinsurer Hannover Rueckversicherung AG (Hannover Re) remain unchanged following the company’s announcement of an agreement to acquire …
American International Group Inc. (AIG) named Russell Johnston president and CEO of AIG Environmental, a unit of AIG Commercial Insurance. Johnston joined AIG in 1990 serving in senior management positions within AIG’s Risk Management Group, including president of National Accounts, …
Risk Management Solutions announced that its flood mapping data will be made publicly available for the first time. The decision gives “homebuyers far more accurate information about the likelihood of getting insurance,” said RMS. The data is available through a …
Standard & Poor’s Ratings Services has lowered to ‘A-‘ from ‘A’ its long-term counterparty credit and insurer financial strength ratings on German life insurer Nuernberger Lebensversicherung AG and P/C insurer Nuernberger Allgemeine Versicherungs-AG, the core operating entities of Germany’s Nuernberger …
Standard & Poor’s Ratings Services has assigned its ‘A-‘ insurer financial strength and counterparty credit ratings to Ireland-based insurer RSA Insurance Ireland Ltd. with a stable outlook. “The ratings on RSA Ireland reflect its strategic importance to Royal & Sun …
