BestWeek: Love Parade Disaster Highlights Worst-Case Risks in Insuring Festivals: Twenty dead and 500-plus injured at the Love Parade festival in Germany equaled a nightmare scenario. Luckily for festival-goers, promoters and the insurance ... Date: 7/30/2010 Source: BestWire
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Ameriprise Financial Leads Thursday's AMBG as Global Insurance Index Rises 0.81%: The AMBG closed Thursday, July 29, at 798.51 (+0.81%). Of the 15 A.M. Best stock indexes, 13 rose and two declined. Leading A.M. Best's Global Insurance ... Date: 7/30/2010 Source: BestWire
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RenaissanceRe Sells Interest in Reinsurer, Posts 22% Drop in Second-Quarter Net: RenaissanceRe Holdings Ltd. posted a 22% drop in second-quarter net income and announced it's selling its entire ownership in a financial guaranty reinsurance ... Date: 7/29/2010 Source: BestWire
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Everest Re CEO Taranto to Retire as President and COO Named Successor: Everest Re Group Ltd. Chairman and Chief Executive Officer Joseph V. Taranto said he is planning to retire in October. President and Chief Operating Officer ... Date: 7/29/2010 Source: BestWire
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A.M. Best Affirms Ratings of Casiopea Re S.A.: A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Casiopea Re S.A. (Casiopea Re) (Luxembourg), ... Date: 7/29/2010 Source: BestWire
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A.M. Best Affirms Ratings of Everest Re Group, Ltd., Its Subsidiaries and Everest Reinsurance Holdings, Inc.: A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa-” of Everest Re Group, Ltd.’s (Everest ... Date: 7/29/2010 Source: BestWire
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Scor's First-Half Net Boosted by Investment Strength: Scor SE continued to show strong recovery in investment income from the severe losses of 2008 and 2009 as it posted net income of 156 million euros for the ... Date: 7/29/2010 Source: BestWire
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EHealth Inc. Leads Wednesday's AMBG as Global Insurance Index Declines 0.63%: The AMBG closed Wednesday, July 28, at 792.11 (-0.63%). Of the 15 A.M. Best stock indexes, one rose and 14 declined. Leading A.M. Best's Global Insurance ... Date: 7/29/2010 Source: BestWire
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Brit Holdings Posts Six-Month Profit, Confirms Cash Offer From Apollo Global: Netherlands-based insurer and reinsurer Brit Insurance Holdings N.V. has announced an after-tax profit of 67.4 million pounds (80.5 million euros) for the ... Date: 7/28/2010 Source: BestWire
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Best’s Review to Host Webinar Examining The State of the Global Reinsurance Market: A.M. Best Co., publisher of Best’s Review magazine, will present a webinar titled, “The State of the Global Reinsurance Market,” on Wednesday, August 25, from ... Date: 7/28/2010 Source: BestWire
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Details Uncertain for Equitable Life Compensation Pledge: The announcement by the U.K. government that it will compensate victims of failed mutual life insurer Equitable Life Assurance Society has added yet another ... Date: 7/28/2010 Source: BestWire
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Axa S.A. Leads Tuesday's AMBG as Global Insurance Index Rises 0.76%: The AMBG closed Tuesday, July 27, at 797.14 (+0.76%). Of the 15 A.M. Best stock indexes, eight rose and seven declined. Leading A.M. Best's Global Insurance ... Date: 7/28/2010 Source: BestWire
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EU Officials: Proposal to Boost Tax on Foreign Reinsurers Protectionist, Discriminatory: European economic officials have launched a number of new attacks on the U.S. congressional idea to snatch certain tax deductions from foreign insurers. ... Date: 7/27/2010 Source: BestWire
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A.M. Best Revises Outlook to Positive for Lancashire Insurance Company Limited: A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of A- (Excellent) and issuer credit ratings (ICR) of ... Date: 7/27/2010 Source: BestWire
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PartnerRe Names Head of Specialty Lines: PartnerRe Ltd. said it has named Charles Goldie head of specialty lines at PartnerRe Global. The specialty lines business unit in PartnerRe Global is made up ... Date: 7/27/2010 Source: BestWire
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BancInsurance Corp. Leads Monday's AMBG as Global Insurance Index Rises 1.02%: The AMBG closed Monday, July 26, at 791.09 (+1.02%). Of the 15 A.M. Best stock indexes, 14 rose and one declined. Leading A.M. Best's Global Insurance ... Date: 7/27/2010 Source: BestWire
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Munich Re Realigns US Specialty Primary Division: Munich Re said it appointed Doug Elliot, president and chief executive officer of Hartford Steam Boiler, to lead the company's newly realigned U.S.-based ... Date: 7/26/2010 Source: BestWire
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A.M. Best Affirms Ratings of Al Fajer Retakaful Insurance Company KSCC: A.M. Best Co. has affirmed the financial strength rating of B++ (Good) and issuer credit rating of “bbb+” of Al Fajer Retakaful Insurance Company KSCC (Al ... Date: 7/26/2010 Source: BestWire
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A.M. Best Affirms Ratings of Skandia Insurance Company Ltd. (publ.) and Skandia Life Assurance Company Limited: A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit ratings of “a” of Skandia Insurance Company Ltd. (publ.) (Skandia ... Date: 7/26/2010 Source: BestWire
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As Aon Announces Resumption of Fees, Contingent Commission Controversy Continues: With Aon's announcement last week that it would resume accepting contingent commissions, two of the three largest insurance brokers say they have returned to ... Date: 7/26/2010 Source: BestWire
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