A.M. Best Revises Issuer Credit Rating Outlook to Negative and Withdraws Ratings of MAPFRE Life Insurance Company: A.M. Best Co. has affirmed the financial strength rating (FSR) of B++ (Good) and issuer credit rating (ICR) of “bbb +” of MAPFRE Life Insurance Company (MAPFRE ...
Date: 10/10/2008 Source: BestWire
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XL's Investments Slipped By More Than $1 Billion in Third Quarter: Bermuda reinsurer XL Capital says the value of its investment portfolio declined about $1 billion or more during the third quarter. The decline comprises of ...
Date: 10/10/2008 Source: BestWire
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Aspen Expects $155 Million Hit From Third-Quarter Hurricanes: Aspen Insurance Holdings Ltd. estimates its losses from hurricanes Ike and Gustav could hit about $155 million. The company expects roughly $141 million of the ...
Date: 10/10/2008 Source: BestWire
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Aviva Leads Thursday's AMBG as Global Insurance Index Declines 6.95%: The AMBG closed Thursday, Oct. 9, at 723.25 (-6.95%). All 15 A.M. Best stock indexes declined. Leading A.M. Best's Global Insurance Composite Index (AMBG) were ...
Date: 10/10/2008 Source: BestWire
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Exista Sells Entire Stock of Storebrand Shares: Icelandic investment company Exista said it has sold off its entire stock of shares in Norwegian insurance group Storebrand.
Exista said it sold its ...
Date: 10/10/2008 Source: BestWire
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HDFC Standard Life Opens Seventh Office in India: HDFC Standard Life Insurance Co. Ltd., a private life insurance joint venture between India’s housing finance institution and U.K.-based Standard Life plc, ...
Date: 10/10/2008 Source: BestWire
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With a Sense of Urgency, Solvency II Advances in European Parliament: The ongoing credit crisis and the financial turmoil it has stirred up have had an impact on deliberations about the shape of the Solvency II directive as it ...
Date: 10/10/2008 Source: BestWire
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Torus Insurance Holdings Names New CEO: Specialty insurer Torus Insurance Holdings Ltd. said Clive Tobin will be its chief executive officer starting Jan. 1, 2009. He succeeds interim CEO David Hope, ...
Date: 10/9/2008 Source: BestWire
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A.M. Best Withdraws Ratings of Seguros ING, S.A. de C.V. and ING Fianzas, S.A. de C.V..: A.M. Best Co. has withdrawn the financial strength ratings (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of Seguros ING, S.A. de C.V. (Seguros ...
Date: 10/9/2008 Source: BestWire
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Kansas City Life Insurance Leads Wednesday's AMBG as Global Insurance Index Declines 5.32%: The AMBG closed Wednesday, Oct. 8, at 777.25 (-5.32%). Of the 15 A.M. Best stock indexes, two rose and 13 declined. Leading A.M. Best's Global Insurance ...
Date: 10/9/2008 Source: BestWire
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Swiss Re Claims it Can Ride out Financial Storm: Swiss Re said it is well placed to ride out the worst of the financial storm that has gripped the world’s economies over the past few weeks.
Speaking ...
Date: 10/9/2008 Source: BestWire
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Tobin Named CEO of Specialty Insurer Torus: Clive Tobin has been named chief executive of Torus Insurance Holdings Ltd., the Bermuda-based specialty insurer.
Tobin will succeed David Hope as CEO ...
Date: 10/9/2008 Source: BestWire
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Daybook for Thursday, Oct. 9, 2008: In London, Manx Officials Tout Captive Insurance: The Manx Insurance Managers Association hosts a full-day conference in London on the Isle of Man's captive insurance domicile, the first in an October-long ...
Date: 10/8/2008 Source: BestWire
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In London, A.M. Best Plans Ratings Conference: The following world meeting will take place the week of Oct. 12:
— The A.M. Best Co. hosts its 2nd Annual Insurance Ratings Conference, "Review and ...
Date: 10/8/2008 Source: BestWire
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Dongbu Insurance Co. Leads Tuesday's AMBG as Global Insurance Index Declines 4.55%: The AMBG closed Tuesday, Oct. 7, at 820.89 (-4.55%). All 15 A.M. Best stock indexes declined. Leading A.M. Best's Global Insurance Composite Index (AMBG) were ...
Date: 10/8/2008 Source: BestWire
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A.M. Best Upgrades and Affirms Ratings of Arch Insurance Company (Europe) Limited: A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and upgraded the issuer credit rating (ICR) to “a+” from “a” of Arch Insurance ...
Date: 10/8/2008 Source: BestWire
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A.M. Best Upgrades Issuer Credit Ratings of Arch Reinsurance Ltd. and Affiliates: A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of A (Excellent) of Arch ...
Date: 10/8/2008 Source: BestWire
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A.M. Best Revises Outlook of U.K. Life Insurance Industry to Negative From Stable: The impact of the decline in equity markets on U.K. life insurers has led A.M. Best Co. to revise its rating outlook for the U.K. life insurance industry to ...
Date: 10/8/2008 Source: BestWire
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Iceland's Exista Sells Off Entire Sampo Stake: Icelandic investment company Exista has sold off its entire stake in Finnish insurer Sampo Group, reporting a loss in the process.
Exista announced on ...
Date: 10/8/2008 Source: BestWire
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Helvetia Faces Sigma Writedown: Swiss multiline Insurer Helvetia Holding A.G. said it has dealt with a loss from an investment writedown caused by ongoing global economic ...
Date: 10/8/2008 Source: BestWire
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