It was a historic moment in U.N. climate talks: with most countries in favor and only a group of OPEC members objecting, the German environment minister chairing the conference banged down her gavel to launch negotiations on a treaty to …
Following its ratings report for the ACE Ltd. Group, A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable and affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating of “aa” …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of the North America property/casualty subsidiaries of ACE Limited, which is domiciled …
Cooper Gay Swett and Crawford (CGSC) announced that Oliver Homer has joined the company, effective as of today, June 17, as Global Head of M&A, a newly created position within the group. He is based in London and will be …
A.M. Best Europe – Rating Services Limited has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating to “a” from “a-” of Assurances Mutuelles de France (AM), both with stable outlooks. Best explained that …
The ACE Group announced the appointment of Arturo Martínez as Vice President of Surety in Latin America and Director General of ACE Fianzas Monterrey, the second-largest surety writer in Mexico and the third-largest in Latin America. ACE acquired the company …
Allianz SE, Europe’s biggest insurer, said preliminary estimates show its net losses from the flood claims in Germany, Austria and part of Central Europe are 350 million euros ($467 million). The gross impact, before reinsurance, is “probably” above 500 million …
The Property Casualty Insurers Association of America (PCI) issued a statement following the conclusion of Wednesday’s hearings by the House Financial Services Subcommittee on Housing and Insurance hearing entitled “The Impact of International Regulatory Standards on the Competitiveness of U.S. …
Major economies competing to restore export-led growth are stealthily imposing more protectionist measures than at any time since the financial crisis began, a leading trade monitoring group said in a report seen by Reuters on Wednesday. The findings, to be …
Mitsui Sumitomo at Lloyd’s has affirmed its commitment to grow its Marine Liability business with the appointment of Simon Engelen as Class Underwriter. Engelen will join Mitsui Sumitomo at Lloyd’s later this year when he leaves his current role as …
