A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of U.K.-based W. R. Berkley Insurance (Europe) Limited (WRB). Best also assigned an issuer credit rating (ICR) of “a” to WRB reflecting the rating agency’s …
Swiss Re hosted its annual Investors’ Day at its Rüschlikon Conference Center near Zurich, yesterday, Nov. 23. The presentation offered additional insights into the Group’s risk management framework and a discussion of its internal risk model. The presenters informed the …
A.M. Best Co. announced that it has affirmed its “A” (Excellent) Syndicate Rating and the issuer credit rating of “a+” of Lloyd’s Syndicate 2001, which is managed by Amlin Underwriting Limited (AUL). The outlook for both ratings is stable. “The …
FINEOS Corporation, a leading innovator of banking and insurance software, has been named by The Irish Exporters Association as ‘Exporter of the Year’ for 2004. The Irish Prime Minister, Mr. Bertie Ahern, presented the award at the Exports Awards ceremony …
Standard & Poor’s Ratings Services announced that it has assigned its “A-” long-term counterparty credit and insurer financial strength ratings to Belgium-based insurer Aviabel Cie. Belge d’Assurance Aviation S.A. (Aviabel) with a stable outlook. S&P noted: “Aviabel specializes in Benelux …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of Tunisia’s B.E.S.T. Reinsurance (BEST Re). It also assigned an issuer credit rating (ICR) of “bbb” to the company. The outlook on all ratings …
Aon Re Services Global Accident, Health and Life announced that Eduardo Jean-Mairet has joined the Life practice group as Director – Structured and Traditional Life Reinsurance (Europe). “He will use his expertise and the resources provided by Aon Re Global …
The Texas Workers’ Compensation Commission has approved a first-time application for a Certificate of Authority to Self-Insure for one company and also approved the renewal of certificates for six other companies during a recent public meeting. Texas law allows certain …
The American Insurance Association (AIA) on Tuesday said that it has a full agenda for the upcoming National Association of Insurance Commissioners’ (NAIC) Winter Meeting. Issues of concern to AIA include the NAIC’s draft “broker compensation” model law language, a …
Standard & Poor’s Ratings Services lowered its counterparty credit and senior debt ratings on Marsh & McLennan Cos. Inc. (MMC) to ‘BBB/A-2’ from ‘BBB+/A-2’. The ratings remain on CreditWatch with negative implications. “The rating action reflects Standard & Poor’s belief …
