UK’s New Regulators Take Over; FCA Now Responsible for Insurance Sector April 1, 2013 By Charles E. Boyle In a move that is certainly not an April Fool’s Day joke, the Financial Services Authority (FSA), which has been...
Allianz Teams with Borealis Infrastructure to Buy Czech Gas Pipeline Operator April 1, 2013 Germany’s Allianz SE has partnered with Borealis Infrastructure, the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS),...
History of Bank Runs Shows Capital Limits Can Feed the Fear March 29, 2013 By Steve Slater When Argentina froze access to bank deposits in December 2001, the popular backlash was so severe its president and his...
Ratings Recap: Ansvar, ARABIA (Jordan), ARABIA (Lebanon), ARABIA (Saudi Arabia), Transmonde March 29, 2013 A.M. Best Asia-Pacific Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of...
Best Sees Alliance Deal with Yapi Kredi Enhancing Business Profile March 29, 2013 A.M. Best Europe – Rating Services Limited has commented on the recent announcement from Germany’s Allianz SE that it is...
Best Affirms Fairfax Financial and Subs Ratings; Outlook Stable March 29, 2013 A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings...
Earthquake Rattles Central Taiwan; Causes Minor Damage: AIR Worldwide March 29, 2013 Catastrophe modeling firm AIR Worldwide reports that a “magnitude 6.0 earthquake struck central Taiwan on March 27, 2013, at 10:03...
Allianz Seals Deal with Turkey’s Yapı Kredi for Insurance Acquisition/Distribution March 28, 2013 Germany’s Allianz announced that it has reached an agreement with Turkey’s Yapı Kredi for a 15-year exclusive distribution agreement and...
Austerity Threatens Europe’s Competitive Edge in Infrastructure March 28, 2013 By Anthony Deutsch Europe’s carefully maintained autobahns, high-speed TGV trains and vast network of modern airports have long been the envy of the...
Ratings Recap: Takaful Int’l., Malayan Insurance March 28, 2013 A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of ‘B++’ (Good) and an issuer credit...