Munich Re Invests $3.31 Billion in German Wind Power Plants December 30, 2010 Munich Re, via its asset manager MEAG, has concluded a significant investment deal involving wind power plants in Germany. It...
Rising Rivers Prompt Evacuations of Australian Towns December 30, 2010 The military flew out a town’s entire population of 300 people by helicopter Wednesday in eastern Australia where waters continued...
Lloyd’s Does Well in a Tough Year December 30, 2010 Lloyd’s year-end review shows that, like the rest of the industry it faced a number of challenges in a difficult...
ACE Completes Acquisition of Rain and Hail Insurance Service December 29, 2010 ACE Limited announced from its headquarters in Zurich that it has completed its acquisition of Rain and Hail Insurance Service,...
Fitch Affirms Brazil’s Sul America’s Ratings; Outlook Stable December 29, 2010 Fitch Ratings Has affirmed today the following International and National ratings assigned to Sul America S.A. (Sasa), the holding company...
Flagstone Re Places $210 Million Cat Bond Using RMS Paradex Indices December 29, 2010 Flagstone Reassurance Suisse SA and Risk Management Solutions have announced the successful placement of $210 million of multi-peril Montana Re...
Heavy Rains, Floods Disrupt Australia Coal Mining, Port, Freight Operations December 29, 2010 By Rebekah Kebede Heavy rains and flooding in Australia’s key coal-producing Queensland state have impacted mining operations and brought parts of the coal...
Japan’s Dai-ichi Life to Take over Australia’s Tower Group for $1.2 Billion December 28, 2010 By Isabel Reynolds and Junko Fujita Japan’s Dai-ichi Life Insurance Co said it would buy the shares it does not already own in Tower Australia Group...
Chartis Obtains $450 Million Cat Bond with Lodestone Re December 28, 2010 Chartis announced that it has entered into a reinsurance transaction with Lodestone Re, which will provide $450 million of protection...
Ratings Roudup: PMG (Sony), Qatar General, Al Ittihad December 28, 2010 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a”...