A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Bermuda-based Heddington Insurance Limited, both with stable outlooks. The ratings reflect Heddington’s” superior capitalization, consistently positive operating results and the role …
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched a scenario model for the recent German floods. The bulletin explained that by “using event footprints that outline the extent of the flood enables insurers to …
RenRe and Affiliates A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Renaissance Reinsurance Ltd. (RenRe) and Renaissance Reinsurance of Europe, based in Dublin, Ireland. Best also has …
Bermuda’s premier is not ready to sign an international transparency convention that he said Britain’s prime minister had planned to achieve ahead of the G8 summit in Northern Ireland next week, potentially scuppering a broad deal. Bermuda’s Premier Craig Cannonier …
A new deal to curb carbon emissions could copy features from the Montreal Protocol, which the United States and China favored over its Kyoto counterpart in an agreement on greenhouse gases at the weekend. The 1987 Montreal agreement bans chemicals …
Nexus Group, a London-based Specialty MGA, has announced a transaction with reinsurer PartnerRe, which covers the current core financial lines underwritten by Nexus for a term of up to five years. Colin Thompson, CEO of Nexus Group said: “This partnership …
Floods that have devastated parts of southern and eastern Germany could briefly impede growth in Europe’s biggest economy, an industry body said, while ratings agency Fitch said the economic cost could be as high as €12 billion [app. $16 billion]. …
“Several of the world’s long-established terrorism insurance schemes were set up to deal with a different terrorism threat than is predominant today,” according to a new technical guide produced by Airmic, the UK risk management association, in collaboration with Willis …
When the Geneva Association’s presentation on how and why governments and re/insurers need to work more closely adjourned, we were able to talk to the organization’s Secretary General, John Fitzpatrick, a former CFO of Swiss Re and currently a non-executive …
XL Group’s Iberia and Latin America insurance operation has announced the appointment of Ivan Torrecilla as Client & Distribution Leader of the Catalonia region. In addition to his responsibilities as Underwriting Manager for the Middle Market insurance segment in Catalonia, …
