Standard & Poor’s Ratings Services and A.M. Best Co. have both issued bulletins concerning the proposed perpetual fixed-/floating-rate sterling-denominated subordinated notes to be issued by U.K.-based non-life insurer Royal & Sun Alliance Insurance Group PLC.. S&P assigned its “BBB” long-term …
Programs for modifying environments where alcohol is served — including bars and liquor stores — do not help reduce alcohol-related injuries, according to a new review of controlled studies. “There is no reliable evidence that interventions in the alcohol server …
The U.K.-based Beazley Group announced that MarshMac veteran Dan Jones has been appointed as an independent non-executive Director to the Beazley Group Board, to take effect July 1. He will retire from Marsh in June. Jones “has more than 20 …
Dublin-based Research and Markets announced the addition of UK Commercial Liability Insurance 2006 to their offering. The research firm said the new report presents “an overview of three key UK liability markets: Employers liability, professional indemnity and directors & officers.” …
A new report from Standard & Poor’s Ratings Services Ratings -“Industry Report Card: European Insurance-” has found that financial ratings in the European insurance sector are predominantly stable. “Despite continuing debates about defining appropriate measures of earnings and capital, balance …
Outgoing American Association of Managing General Agents President Francis Johnson likes to say that the AAMGA is “an exclusive group” but not an “excluding group.” Johnson, who with his two brothers owns Johnson & Johnson Inc. in Charleston, S.C., has …
Lloyd’s insurers have broadened their horizons considerably over the last few years. The major London-based players–Amlin, Beazley, Catlin, Hiscox, Kiln and Wellington are commonly known as the “Group (or ‘Gang’) of Six.” The reasons behind their expansion initiatives are deceptively …
U.S. tort costs reached a record $260 billion in 2004, or approximately $886 per person, according to the U.S. Tort Costs and Cross-Border Perspectives: 2005 Update from the Tillinghast business of Towers Perrin. This surpassed the previous record set in …
Aviva, Prudential “It takes two to tango,” as the saying goes, and Prudential (U.K.) apparently has no desire to dance with its larger rival Aviva Plc. It hastily rejected a £17 billion ($30 billion) offer one week ago (See Insurance …
Players for Manchester United, the U.K.’s legendary football (soccer) club, will be sporting AIG logos on their shirts for the next four years. Man United’s chief executive David Gill announced yesterday, April 6, at a press conference at Old Trafford …
