A.M. Best Co. has issued a comment indicating that all of its on French reinsurer SCOR Group will remain unchanged following publication of the company’s earnings results (See IJ Website March 24).
“The reported net income of EUR 68.7 million (USD 93.7 million) for the year falls within the range anticipated by A.M. Best, taking into account additional reserves established in respect of the World Trade Center to reflect the verdict reached in December 2004,” said the bulletin.
Best also noted that “SCOR’s rating continues to factor its very good risk-adjusted capitalisation, improving earnings, excellent life operating profitability and very good business profile.”
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
