Standard & Poor’s Ratings Services announced that it has assigned its “BBB+” long-term counterparty credit and insurer financial strength ratings to Dongbu Insurance Co. Ltd., “reflecting its solid market position, strong capitalization, and good operating performance.” The outlook on the …
Standard & Poor’s Ratings Services announced that it has assigned its “B-” insurer financial strength and counterparty credit rating to New Zealand-based start-up nonlife insurance company Western Pacific Insurance Ltd. (WPIL). The outlook is stable. “WPIL has identified niche markets …
A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to Luxembourg-based Casiopea Re S.A., the reinsurance captive of Spanish communications provider Telefonica S.A. The outlook on …
The Board of Directors of Transatlantic Reinsurance Company, a subsidiary of Transatlantic Holdings, Inc. announced the election of new officers at a regularly scheduled Board meeting. The bulletin gave the following details of the appointments: Chicago: Timothy O’Connor – Vice …
A report from the British Arctic Survey (BAS) has noted that the troposphere – the lowest level of the atmosphere – over the Antarctic is heating up faster than the average warming over the rest of the planet. A BAS …
At least 57 people died when a ship on a pleasure cruise suddenly capsized off of Bahrain last night, March 30. Although the ship, an Arab dhow carrying some 150 passengers and crew, went down in calm waters near the …
Safeco, based in Seattle, is offering its workers compensation product on a stand-alone — or monoline — basis in 25 states. The move is designed to give small businesses more flexibility in acquiring coverage through their independent insurance agent. Safeco …
The Insurance Skills Center will be hosting a Contractors Conference in Fresno, Calif., and in Las Vegas to provide specialized contractors information on how to: size up the construction market; build a construction book; match up the right companies with …
The Insurance Institute for Highway Safety says that frontal offset crash tests it has conducted since 1995 have prompted huge improvements in how vehicles protect people in frontal crashes. Now that consumer information program is undergoing a major change. The …
If the plaintiffs in the Vioxx case currently being tried in New Jersey win, the damage awards against Merck & Co. are likely to be modest and not affect the drugmaker’s ability to manage the financial fallout from the thousands …
