A.M. Best Co. has affirmed the financial strength rating of B+ (Good) and the issuer credit rating (ICR) of “bbb-” of China Insurance (NZ) Company Limited of New Zealand with a stable outlook. The ratings reflect China Insurance’s improved capitalization, …
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 financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Malaysia’s Labuan Reinsurance Ltd. with a stable outlook. “The ratings reflect Labuan Re’s stable underwriting performance, conservative investment portfolio and …
Standard & Poor’s Ratings Services has lowered its long-term counterparty credit ratings on New Zealand finance company Geneva Finance Ltd. to ‘D’ from ‘B-/Watch Dev/–‘. S&P also lowered the insurer financial strength and counterparty credit ratings on Geneva’s sister company …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Ariel Reinsurance Company Ltd. Best also affirmed the ICR of “bbb-” of Ariel Holdings, Ltd., removed the ratings …
A strong earthquake with a preliminary magnitude of 7.4 occurred south of New Zealand on Sunday and there may be a chance of tsunamis, Japanese monitors said. There was no immediate report of injuries, damage or tsunamis. The quake rocked …
Frequent evacuations, power outages and road closures have marked the busy 2007 wildfire season in Idaho, and it’s not even close to over yet, experts warn. More acres have burned in Idaho so far this year than anywhere else in …
Even though the U.S. has a team – The Eagles – in the finals of the Rugby World Cup, the event doesn’t exactly get the same press coverage as the Super Bowl or the World Series. Nonetheless for the 20 …
A.M. Best Co. has affirmed the financial strength rating of “B++” (Good) and the issuer credit rating (ICR) of “bbb” of Germany’s SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG (Sovag) (Germany) with a stable outlook. The affirmation reflects Best’s expectations of “a …
Insurance Australia Group Limited (IAG) announced a net profit after-tax of A$552 million (US$452 million) or the full year ended June 2007, compared to the A$759 million (US$622 million) it reported last year. The Group’s insurance margin slipped to 11.4 …
