Standard & Poor’s affirmed its ratings on Marsh & McLennan Companies (MMC). The outlook has been revised to stable from negative. The rating actions reflect the diversity and strength of MMC’s various operating businesses, excellent operating performance, and above-average debt …
In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated against our country on …
Ringing in the New Year, the California Insurance Wholesaler Association will hold its 7th Annual Wholesaler Industry Day on Jan. 11-12, 2002, at the Hilton La Jolla Torrey Pines Hotel in San Diego. Following registration on both Thursday and Friday, …
The London Insurance Community presented a check for $400,000 to the New York Firefighters’ 9-11 Disaster Relief Fund to help families of firefighters killed in the attack on the World Trade Center. The money was raised during a special benefit …
The American Bar Association announced the creation of a Task Force on Insurance and Terrorism Claims to address insurance issues arising out of the terrorists attacks on the World Trade Center and the Pentagon. The primary goal of the ABA’s …
Standard & Poor’s affirmed its ratings on French reinsurer SCOR and its subsidiaries and removed them from CreditWatch. It also assigned a triple-‘B’-minus counterparty credit rating to Alea Group Holdings AG (AGH), the Switzerland-based holding company of the Alea group. …
After lengthy negotiations the House and Senate have reached a compromise agreement which will provide New York with an additional $8.2 billion in federal emergency aid to help the city recover from the attacks on the World Trade Center. In …
Standard & Poor’s and A.M. Best have both given high ratings to new debt issues from Germany’s Allianz Group. S&P assigned its ‘A-1’-plus short-term debt rating to Allianz Finance Corp.’s commercial paper program, which is authorized to a limit of …
The ongoing battle between Swiss Reinsurance Co. and Larry Silverstein will continue into the New Year. According to a Reuters story, a New York federal judge has set a deadline of April 30 in relation to the discovery phase of …
Standard & Poor’s affirmed its ratings on Marsh & McLennan Companies (MMC). The outlook has been revised to stable from negative. The rating actions reflect the diversity and strength of MMC’s various operating businesses, excellent operating performance, and above-average debt …
