IAIS Study Indicates Big Insurers May Not Face Same Capital Rules as Banks September 30, 2011 Insurance companies judged too big to fail are likely to face different rules than their banking counterparts, who were told...
Ratings Recap: Gulf, Unity Re, Connaught, Macau September 29, 2011 A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘C++’ (Marginal) from ‘B’ (Fair) and issuer credit rating...
Best Downgrades, Places on Review Ansvar Insurance (New Zealand) Ratings September 29, 2011 A.M. Best Co. has downgraded the financial strength rating to ‘B++’ (Good) from ‘A-‘ (Excellent) and issuer credit rating to...
Panel Reports Climate Change to Cost Canada Many Billions September 29, 2011 By David Ljunggren Climate change will cause damage in Canada equivalent to around 1 percent of GDP in 2050 as rising temperatures kill...
UPDATE: Fire Surges at Shell’s Singapore Refinery September 29, 2011 There has been a surge in the fire at Shell’s Singapore refinery, the Singapore Civil Defence Force (SCDF) said in...
Typhoon Nesat Hits China after Pummeling Hong Kong September 29, 2011 By Kelvin Soh Typhoon Nesat hit Hainan Island in south China on Thursday after it swept past Hong Kong, closing financial markets, schools...
Report: Allianz, AXA among Likely Bidders for HSBC Unit Sale September 29, 2011 By Denny Thomas and Kelvin Soh European insurers Allianz and AXA SA are among the potential bidders for HSBC Holdings Plc’s sale of its general insurance...
Xchanging Gains Full Control of Brokerage Services Subsidiary from Aon September 29, 2011 Xchanging, the London-based business process and technology services provider and integrator, announced that it has “gained full control of Xchanging...
Aon Benfield: Reinsurers Expected to Pay 2/3 of Australia, NZ Cat Losses September 29, 2011 Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has issued a bulletin indicating that Australian and...
Aon Appoints Waerseggers to Head European Power Business September 28, 2011 Aon Risk Solutions, the risk management business of Aon Corp., announced the appointment of Denis Waerseggers to the newly created...