A.M. Best Co. has removed from under review with negative implications and upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of New York-based AXA Insurance Company. Best also …
Following the rating actions taken in December 2011, A.M. Best Europe announced that it has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Germany’s Allianz Societas Europaea and its subsidiaries, as …
As Best announced in conjunction with these current rating actions, they follow a series of actions taken last December to address the implications for euro zone insurers. Generally it changed the outlook on the ratings, including MAPFRE PRAICO, to negative …
A.M. Best Europe – Rating Services Limited has removed from under review and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” and all debt ratings of Italy’s Assicurazioni Generali S.p.A. and its …
A bulletin from A.M. Best notes that the rating agency has “been actively monitoring the financial crisis and its effects on European countries, stress-testing the balance sheets of (re)insurers against their exposure to euro zone debt, equities, real estate and …
Willis Re, the reinsurance arm of Willis Group Holdings, announced the appointment of Kieran Angelini-Hurll as Regional Director of its Indian Sub-Continent, Middle East, North Africa and Turkey operations, a newly created post within the group. He will be based …
Greenlight Reinsurance Ireland, Ltd., a subsidiary of Cayman Islands-based Greenlight Capital Re, Ltd., a specialist property and casualty reinsurer, announced that Caryl J. Traynor officially joined the company on June 1, 2012, serving in the role of General Manager and …
Population growth, urbanization and consumption are set to inflict irreversible damage on the planet, the United Nations said on Wednesday, and called for urgent agreement on new environmental targets at an Earth summit this month. The U.N. Environment Program sounded …
Last year was the wettest on record in Kentucky going back to 1895, bringing widespread flooding last spring in some areas. But state climatologist Stuart Foster says those same parts of the state are currently in drought. With spring’s unusually …
Editor’s Note: See C.M. Meiers Preliminary Injunction Decided, But Far From Over for updates, more of the judge’s opinion, comments from attorneys, as well as legal analysis. A judge has rejected a request for a preliminary injunction in the case …
