Reinsurer SCOR has asked that the recent $2 billion settlement of World Trade Center claims between Silverstein Properties and several insurers be sent to arbitration because it believes that the terms with one of the insurers, Allianz Global Risks U.S. …
Standard & Poor’s Ratings Services has assigned its “A-” rating to Travelers Companies Inc.’s $1.5 billion senior notes, which mature in 2012, 2017, and 2037. The company intends to use the proceeds to pay down its $442 million, 5.01 percent …
Standard & Poor’s Ratings Services has affirmed its “A” insurer financial strength and counterparty credit ratings on Japan’s Mingtai Fire & Marine Insurance Co. Ltd. and revised its outlook to positive from stable. S&P said the “revision reflects the likelihood …
A group again is seeking the option to ride motorcycles without helmets in Michigan. The new plan pitched this week by American Bikers Aiming Toward Education (ABATE) would allow riders to pay a $100 annual state permit fee to allow …
Fewer Michigan boaters were killed last year, even though more were injured in alcohol-related accidents, an increasing number collided with other vessels and many still did not strap on life jackets, according to statistics provided by the Michigan Association of …
A 51-year-old man who claimed he never had the chance to hear “You’re fired” on Donald Trump’s “The Apprentice” because he was too old has settled a lawsuit against the real estate mogul. A federal judge in U.S. District Court …
Standard & Poor’s Ratings Services will hold a telephone conference call on Thursday, May 24, at 10:00 AM Eastern Time. S&P said “the call will cover the major enhancement that will be introduced to the existing capital model based on …
Standard & Poor’s Ratings Services has issued a report – “Thailand Insurance Outlook 2007-2008” – as part of a series of articles on the country’s insurance industry. S&P concludes that “Thailand’s insurance industry shows considerable promise for life and non-life …
Ark Syndicate Management has entered into an agreement with Risk Management Solutions to license its RiskLink® catastrophe modeling platform. “Ark will use RMS peril models as part of a holistic approach to understanding catastrophe risks and accumulations, and to report …
Bermuda’s PartnerRe Ltd. has signed a definitive agreement with the French Monceau Group, effective July 1, 2007, to acquire the renewal rights for the international reinsurance business of Mutuelle Centrale de Reassurance (MCR), the reinsurance subsidiary of the Monceau Group. …