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AM Best boosts Hannover Re ratings on earnings strength
Hannover Re received its second ratings boost this year when AM Best upgraded its issue credit rating from A to A+ and affirmed its A financial strength ratings with a positive outlook last week.
21 July 2008
Reinsurance rates continue to fall despite economic pressures, says Guy Carpenter
Reinsurance broker Guy Carpenter & Company said there were no surprises as the market continued to soften at the 1/7 renewals.
21 July 2008
State Farm blames Florida regulator for premium hikes
State Farm Insurance has blamed the Florida authorities for its decision to seek premium increases of nearly 50 percent across the state for homeowners insurance.
21 July 2008
D-day approaches in RBS auction
As D-day approaches for the protracted auction of RBS' Insurance operations there are now thought to be just three insurers firmly in the running.
21 July 2008
Dolly tracks towards Gulf of Mexico
Tropical Storm Dolly motion is expected to move into the Gulf of Mexico and head towards the US/Mexico border later in the week, according to the United States National Hurricane Centre.
21 July 2008
Last Milberg Weiss defendant pleads guilty
The final defendant in the cases related to illegal payments made by Milberg Weiss has pleaded guilty to a charge over tax.
21 July 2008
European body renews calls for block exemption extension
European insurance and reinsurance trade body, the Comité Européen des Assurances (CEA) has renewed calls for an extension to regulation granting the insurance industry the ability to bypass certain competition laws.
21 July 2008
Chinese premium volumes up 51 percent
Chinese insurance premiums were up 51 percent year-on year during the first six months of 2008, according to the country's financial regulator.
21 July 2008
New Willis Re chairman named
Willis Group Holdings named Gary Schmalzriedt as the chairman of its reinsurance brokerage, Willis Re, last week.
21 July 2008
EC clears Berkshire and Munich for GAUM buyout
The European Commission has cleared Berkshire Hathaway and Munich Re to complete their buyout of SCOR's stake in Global Aerospace Underwriting Managers (GAUM).
21 July 2008
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