California’s Risk Management Solutions (RMS), announced that it has initiated the daily publication of weather market price data and the release of “mark-to-market functionality in version 3.2 of its Climetrix(TM) weather derivatives trading and risk management system.” “Together, these developments …
Ireland’s Hibernian General Insurance, the country’s largest p/c insurer, has entered into an exclusive two-year agreement to license and distribute two of the IIABA’s “Best Practices” tools to Ireland’s estimated 1,000 brokers. The program “provides independent agents and brokers with …
Standard & Poor’s Ratings Services announced that it has lowered its long-term insurer financial strength and counterparty credit ratings on France’s SCOR and its subsidiaries to single-‘A’ from single-‘A’-plus with a stable outlook, and removed them from CreditWatch. The announcement …
Standard & Poor’s has lowered its ratings on the Netherlands-based Eureko insurance group to single-‘A’-plus from double-‘A’-minus, while A.M. Best announced that it has lowered its ratings on Gerling-Konzern Globale Ruckversicherung AG (GKG) to B++ (Very Good) from A- (Excellent) …
Reinsurers are set to meet with brokers and cedants next week in Baden-Baden, the German city famous for its spa, to discuss renewal terms, and the main subject is likely to be premium increases. The industry is now more than …
Standard & Poor’s announced that it has affirmed its double-‘A’ long-term insurer financial strength and counterparty credit ratings on NRMA Insurance Ltd. and IAG New Zealand Ltd., with a “stable” outlook. The affirmation follows the announcement that their parent company, …
Meiji Life Ins. Co, Japan’s third largest life insurer, and Yasuda Mutual Life Ins. Co, the sixth largest, announced that they will advance the April 2004 date for their planned merger to January 2004. According to a report from Japan’s …
Allianz CEO Henning Schulte-Noelle outlined the range of activities necessary to establish worldwide measurements and regulations for effective corporate governance in a speech Wednesday night in Frankfurt at a dinner sponsored by Dow Jones. He strongly defended German and European …
Bermuda’s ACE Limited announced a series of executive appointments at ACE Overseas General (AOG). Roger Giddings has been named Sr. VP and Head of Offshore Energy Underwriting for the newly created ACE Global Energy Group. Roger A. Day assumes the …
After a number of preliminary agreements, and some protracted delays, German representatives and The International Commission of Holocaust-Era Insurance Claims (ICHEIC) were reportedly near an agreement that would provide $275 million to World War II survivors of the Nazi-era and …
