Trade credit insurer Coface notes that the current “credit crisis, which entered its second phase in the fourth quarter of 2008, is worsening in all regions. After observing a decline in the average financial strength of companies in 22 countries …
2009 will see the political consequences of the global credit crunch start to have an impact, according to the 16th annual Political Risk Map, launched today by Aon Risk Services, a division of Aon Corporation. In a global webcast, Aon’s …
Multinational Claims Require Knowledge of Culture, Currency and Legal Climate In today’s borderless global economy, claims can arise in just about any part of the world where a company does business. Even small and midsize companies with no physical presence …
A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1225 (United Kingdom), which is managed by AEGIS Managing Agency Ltd (AEGIS UK). The outlook for both ratings …
Standard & Poor’s Ratings Services has lowered its insurer financial strength rating on the Australian mortgage insurer PMI Mortgage Insurance Ltd. (PMI Australia) by one notch to ‘AA-‘ from ‘AA’. The rating remains on CreditWatch with negative implications, where they …
France’s AXA Group’s none month results showed significant gains in all of the diversified giant’s activities, with total revenues for the period of €71.625 billion ($105.12 billion) a 5.9 percent increase over the same period in 2006 on a comparative …
A.M. Best Co. has affirmed the issuer credit rating (ICR) of “a-” and the existing debt ratings of the UK branch of Old Mutual plc (OM). Best also affirmed the financial strength ratings (FSR) and ICRs of OM’s key European …
Four Arab-American men claim in a lawsuit filed in Massachusetts against FedEx Corp. that their supervisors subjected them to religious and ethnic slurs, called them terrorists and gave them less lucrative delivery routes. “They all came to this country because …
AXA’s CEO Henri de Castries announced that the Paris-based financial services and insurance Group’s revenues had “increased by 34 percent in the first quarter of the year.” AXA profited, not only from organic growth in its three main activities – …
A.M. Best Co. has assigned a financial strength rating (FSR) of “B++” (Good) and an issuer credit rating (ICR) of “bbb” to Moroccan reinsurer Société Centrale de Réassurance (SCR), with a stable outlook. “The ratings of SCR reflect the company’s …
