A report by Standard & Poor’s Ratings Services notes that “for the two main insurance sectors, life and property/casualty (P/C), overall industry and country risks are, on average, much lower in developed than in emerging markets.” S&P explained that it …
The Chicago-based Jacobson Group, which provides recruits to the insurance industry, and ejsSearch – the London-based insurance executive search firm specializing in assignments in London and broader European and international markets — have completed their merger agreement. The two firms …
A.M. Best Co. is requesting comments from market participants in the insurance industry and other interested parties on the draft criteria report, “Rating Reinsurance Pools.” Best explained that it “defines a reinsurance pool as any entity, agent or contractual agreement, …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Montpelier Reinsurance Ltd. As well as the ICR of “bbb” and debt ratings of the parent company, Montpelier Re Holdings …
XL Group announced the appointment of Thierry Daucourt as Chief Operating Officer of its International P&C Insurance business. He will be responsible for supporting the unit’s Chief Executive, Jason Harris, in the ongoing development and execution of its strategy and …
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched a suite of tools, designed to “easily quantify uncertainties in catastrophe models across all perils and territories.” The bulletin explained that “devastating events, such as the …
Standard & Poor’s Ratings Services has affirmed its ‘A-‘ counterparty credit and senior debt ratings on AXIS Capital Holdings Ltd., as well as the ‘A+’ counterparty credit and financial strength ratings on its core operating subsidiaries (collectively, AXIS). The outlook …
The first quarter of 2013 saw $1.6 billion of new issuance in non-life capacity marketed through five catastrophe bond transactions, including three transactions marketed in the first quarter and closed at the beginning of the second quarter, according to Willis …
The High Court in Bangladesh’s capital has asked authorities to prevent the owner of a garment factory where 112 people died in a fire last year from leaving the country, a lawyer said. The High Court made the request in …
A European Union law up for a vote on Monday will only fully shield taxpayers from bailing out troubled banks if there is a global framework as well, a top UK regulator said on Monday. Bank of England Deputy Governor …
