Standard & Poor’s Ratings Services announced that it has assigned its preliminary “BBB+” senior debt, “BBB” subordinated debt, “BBB-” junior subordinated debt, and “BBB-” preferred stock ratings to ACE Ltd.’s recently filed universal shelf debt registration. “The new shelf has …
The Bank for Investment and Development of Vietnam (BIDV) has reportedly agreed to purchase all the stock held by Australia’s QBE Insurance Group in their joint-venture insurance company. As reported by Asia Pulse on the Yahoo News, QBE has agreed …
Even as new reports of deaths caused by the bird flu virus are coming in from Indonesia and Vietnam, the insurance industry received an additional warning about its potential exposures. An article on the Lloyd’s Website [www.lloyd’s.com] reports that the …
Confirming the commitment made last June (See IJ Website June 24) the Vietnamese government has formally issued a license to American International Underwriters Overseas Ltd., a subsidiary of AIG, to conduct general insurance business in the country. The license is …
Liberty Mutual Insurance Company has hired the mediator who oversaw the Sept. 11 Victim Compensation Fund to help settle insurance claims filed by homeowners after hurricanes Katrina and Rita. The Boston insurer’s customers with unresolved claims can have them reviewed …
Standard & Poor’s Ratings Services announced that it has revised its outlook on ACE Ltd. and its active operating insurance companies to stable from negative. S&P also affirmed its “A+” counterparty credit and financial strength ratings on ACE’s active operating …
In N.J. Bellwether Case, Trial Lawyers Closely Monitor Evidence, Tactics and Jurors In the back rows of Courtroom 3A in Atlantic City, N.J., the well-dressed men and women sit quietly, watching jurors’ faces, scribbling notes on white legal pads, listening …
In the back rows of Courtroom 3A in Atlantic City, N.J., the well-dressed men and women sit quietly, watching jurors’ faces, scribbling notes on white legal pads, listening intently to the doctors, scientists and drug company executives who testify in …
Typhoon Damrey, described as the strongest storm to hit the area in 30 years, roared across China’s Hainan Island earlier today. According to news reports at least two people were killed and some 170,000 were forced to evacuate low-lying areas. …
A product liability trial focused on whether the painkiller Vioxx caused a man’s heart attack started Wednesday, with his lawyer telling jurors the drug’s maker put profits over safety. Merck & Co., the drug’s manufacturer, asserted other causes were to …
