Let the 2012 Olympic Games Insurance Challenges Begin! July 17, 2012 By Lee Tookey, Aspen Re As images and sound are beamed from the UK to devices all over the world, insurers and reinsurers will play...
Ratings Recap: Jubilee (Pakistan), Montana Re (notes), United July 16, 2012 A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of ‘B++’ (Good) and issuer credit rating...
Cancelling London Olympics Would Cost over $4.9 Billion: Munich Re July 16, 2012 Cancelling the London Olympics due, for example, to a security threat would result in damages of more than €4 billion...
Best Affirms SCHWARZMEER UND OSTSEE (SOVAG) Ratings; Outlook Stable July 16, 2012 A.M. Best Europe Rating Services Limited has affirmed the financial strength rating (FSR) of ‘B++’ (Good) and the issuer credit...
Bid Deadline Nears for ING’s Asia Insurance Business July 16, 2012 By Clare Baldwin and Denny Thomas A wide range of suitors, from the son of Asia’s richest man and a former rugby player in New Zealand...
EU under Pressure to Delay Solvency II Insurer Capital Rules July 16, 2012 By Myles Neligan The European Union may be forced to put back the January 2014 start date for its Solvency II capital regime...
UK Auto Insurer Direct Line in Play as Private Equity Groups Circle July 16, 2012 By Greg Roumeliotis and Neil Maidment Direct Line, the UK’s largest motor [auto] insurer run by government-owned Royal Bank of Scotland, is a takeover target for...
Willis Obtains Commercial Lines Intermediary License from Guernsey July 16, 2012 Willis Group Holdings announced that it has been issued a full commercial lines license to conduct insurance intermediary services in...
South Korea Considering Resuming Iran Oil Imports: Gov’t. Sources July 13, 2012 By Meeyoung Cho South Korea will soon decide on whether to resume Iranian crude imports after Tehran offered to ship and insure the...
Lloyd’s Marks First Anniversary of ‘Claims Transformation Program’ July 13, 2012 “Insurance is, arguably, only as effective as the way it pays claims,” says a bulletin from Lloyd’s of London, marking...