The ACE Group of Companies announced that, as part of its five-year commitment to aid the families of victims of the September 11 tragedy in the United States, ACE will be donating $500,000 each to World Vision and The Coalition …
Standard & Poor’s affirmed its ‘BBB+’ counterparty credit rating on W. R. Berkley Corp. At the same time, Standard & Poor’s affirmed its ‘A+’ counterparty credit and financial strength ratings on BER’s operating companies (collectively referred to as Berkley). The …
A.M. Best Co. announced that it has affirmed the ‘A-‘ (Excellent) rating of Lloyd’s Syndicate 570 and the ‘A’ (Excellent) ratings of Syndicates 609 and 382. Syndicate 570 is managed by Atrium Underwriters Limited. Best said the outlook was positive …
“Dirty bomb” was the phrase of the day at the All Industry Day held Nov. 25 in Dallas—perhaps not so surprising, given the fact the conference was titled, “Confronting Terrorism, Not If But When.” The “I” Day, jointly sponsored by …
A.M. Best Co. announced that it has assigned a Best’s Syndicate Rating of ‘A’ (Excellent) with a stable outlook to Lloyd’s Syndicate 2001, which is managed by Amlin Underwriting Limited. “The rating reflects the syndicate’s excellent profile and prospective financial …
As workers raised a steel beam to the 11th floor of number 7 World Trade Center, New Yorkers could celebrate some palpable progress in the rebuilding of the site devastated by the attacks of Sept. 11. Number 7, a 52 …
Host Marriott Corp., the owner of the New York Marriott World Trade Center hotel, destroyed in the Sept. 11 attacks, has settled its claim with its insurers and will receive approximately $370 million in net settlement proceeds. In conjunction with …
Westfield America, a division of Australia’s Westfield Holdings, the property management company that held a retail lease on the commercial areas of the World Trade Center, has agreed to sell its rights to the Port Authority of New York and …
U.S. District Court Judge Michael Mukasey has set Feb. 9, 2004 as the date for the first of several trials to determine the outcome of the lawsuit pitting Swiss Re, Travelers and other insurers of the World Trade Center against …
Silverstein Properties and the Port Authority are reportedly close to reaching agreement with GMAC Commercial Mortgage Corp., the principle lender on the World Trade Center Lease, to release $563 million to repay the outstanding loans. As the parties continued their …
