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Fitch affirms AXA
French giant AXA had its Fitch financial strength rating affirmed at AA today (17 January), and its Long-term and Short-term ratings at A+ and F1 respectively, all with a stable outlook.
17 January 2005
Munich Re highlights Megacity risk ahead of Kobe anniversary
German reinsurer Munich Re has called for more risk awareness and transparency in terms of loss potentials and liabilities in the world’s largest cities.
17 January 2005
Everest Re ups cat loss estimates
Bermudian reinsurer Everest Re has warned that its fourth quarter earnings will be hit by 2004’s catastrophe losses.
17 January 2005
Vermont continues to attract captive start-ups
Vermont, the largest captive domicile in the United States, licensed 43 new captive insurers in 2004, as the State continued to attract new formations.
17 January 2005
Aon close to appointing Ryan successor
Aon Corporation is close to appointing a successor to its patriarchal chief executive Patrick Ryan, Insider Week understands.
17 January 2005
German industry objects to Fitch’s unsolicited ratings
Fitch Ratings has found itself embroiled in a dispute with the German Insurance Industry Association GDV over its plans to publish unsolicited ratings on hundreds of European insurers.
17 January 2005
WorldCom/Enron settlements cause concern for non-executive directors
But unique circumstances unlikely to set precedent for those with solid D&O cover
17 January 2005
Goodyear enters into $159mn environmental settlement
The word’s largest tyre company Goodyear Tire & Rubber Company revealed on 3 January that it had settled a 12-year dispute with its insurers over environmental claims.
04 January 2005
SEC probes China Life float
The SEC has launched a formal investigation into the much-vaunted IPO of China Life, China’s largest life insurance company.
04 January 2005
Swiss Re gets Best boost
World’s number two reinsurer Swiss Re got a year-end thumbs up from AM Best as the ratings agency affirmed its A+ financial strength and “aa” credit ratings on the Zurich based company.
04 January 2005
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