Newark Calif.-based Risk Management Solutions has issued a study, which concludes that, a “repeat of the tide and wind-driven storm surge that caused the Bristol Channel floods of 1607 would result in the U.K.’s costliest natural disaster.” The study, which …
A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa” of Japan’s Mitsui Sumitomo Insurance Company Limited (MSI) with a stable outlook. “The ratings reflect MSI’s improved risk-adjusted capitalization, consistent operating …
A.M. Best Co. has affirmed the financial strength rating of “B++” (Good) and the issuer credit rating of “bbb” of the Philippine-based Malayan Insurance Company Inc. (MICO) with a stable outlook. “The ratings reflect the company’s well established market presence, …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Norway-based marine insurer Assuranceforeningen Gard – gjensidig – (Gard P&I) and its Bermuda-based subsidiary Gard Marine & Energy Ltd. (Gard M&E) to “A+” …
Standard & Poor’s Ratings Services has placed its “A” long-term counterparty credit and insurer financial strength ratings on Luxembourg-based marine insurer British Marine Luxembourg S.A. (BM) on CreditWatch with positive implications. “The CreditWatch placement reflects the expected change to BM’s …
Standard & Poor’s Ratings Services said that its ratings and outlook on U.K.-based insurance holding company Prudential PLC (A+/Stable/A-1) and related operating entities are unaffected by the announced sale of U.K.-based Internet bank Egg Banking PLC (not rated) to U.S. …
The global debate on Climate Change has gone from a sideshow to the main event, taking over the front pages of many newspapers. The Intergovernmental Panel on Climate Change (IPCC) Conference, currently taking place in Paris, follows closely on the …
Hannover Re said it expects a net loss of €120 to €180 million ($155 to $233 million) before tax as a result of windstorm Kyrill. The bulk of the expenditure is attributable to claims in Germany. Hannover Re said the …
San Diego, CA – San Diego-based Arrowhead General Insurance Agency, Inc. today announced Stephen Boyd has been promoted to chief information officer, effective immediately. Boyd was previously senior vice president of information systems and under his leadership Arrowhead emerged as …
Oakland, Calif.-based Eqecat Inc. is predicting that in the next decade, the risk for insured losses from hurricanes in the United States will be higher than the long-term average derived from 100 years of data, according to Rick Clinton, company …