Zurich Financial Services (ZFS) has completed the second major part of its restructuring with the announcement that it had reached...
International & Reinsurance News
Standard & Poor’s removed ACE Limited and its operating units from CreditWatch and affirmed single-‘A’-minus ratings for most of them...
The Government of Bermuda has transferred responsibility for regulating the island’s insurance operations from the Finance Ministry to the Monetary...
The London-based tropical Storm Risk Consortium (TSR) has issued a bulletin predicting that the number of Atlantic storms in 2002...
Britain’s Financial Service Authority (FSA), which officially took on broad new regulatory powers over the insurance industry on Dec.1, plans...
The sudden collapse of energy giant Enron will have global consequences for many banks and insurance companies who were involved...
American International Group and its partners appear to be back on track for the completion of their acquisition of three...
A.M. Best announced that it has downgraded the financial strength rating of Denmark’s Copenhagen Reinsurance Group to C+ (Marginal) from...
Newly formed Bermuda-based insurer Allied World Assurance Co. (See IJ Website Nov. 27) announced that it has concluded an exclusive...
According to a report from Reuters News Agency, Aon Corp., the world’s second largest insurance broker, is in the process...