Worker’s Injury Sheds Light on China’s Workers’ Comp System, Apple Contractor October 12, 2012 By Tan Ee Lyn Apple Inc.’s largest contract manufacturer has been pushing for a Chinese worker left brain-damaged in a factory accident to be...
EU Insurers Strip Coverage from Tankers Storing Iranian Oil: Reuters October 12, 2012 By Luke Pachymuthu and Randy Fabi Two European insurers have withdrawn cover for tankers involved in the Iranian oil trade, the first such move since tough...
Ratings Recap: Lancashire (notes), Adamjee, Milli Re October 11, 2012 A.M. Best Co. has assigned a debt rating of “bbb” to $130 million 5.70 percent senior unsecured fixed interest notes...
Best Reports Italy’s Non-Life Insurance Sector Faces Shifting Landscape October 11, 2012 The Italian non-life insurance market faces changes as the sector is subject to new legislation and industry consolidation, while the...
ING to Sell Malaysian Insurance Unit to AIA for $1.73 Billion October 11, 2012 By Denny Thomas and Sara Webb Pan Asian insurer AIA Group Ltd has agreed to buy ING’s Malaysian insurance operations for $1.73 billion in cash, handing...
Willis’ Econ. Director Calls for More Transparency, Less Complexity in Models October 11, 2012 “I think everyone in the industry would be interested in reducing the complexity of models, making things more transparent and...
French Non-Life Sector Resilient, Despite Economic Difficulties: Best Reports October 11, 2012 A new report from A.M. Best notes that the “French insurance market has experienced significant volatility during the past few...
Global Federation of Insurance Associations Launched October 10, 2012 Thirty-one of the world’s most important insurance associations, who represent 87 per cent of worldwide insurance business, formally established the...
R K Harrison Offers Specialist PI Product for Art Market Professionals October 10, 2012 London-based R K Harrison Insurance Services (RKHIS), part of the employee-owned insurance broker, R K Harrison Group, has developed a...
Best Affirms Greenlight Re and Affiliates Ratings; Outlook Stable October 10, 2012 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a”...