Archive for December 2015

Standard & Poor’s Ratings Services has revised its outlook on the global multiline insurer XLIT Ltd. and its operating companies (collectively XL) to positive from stable. S&P has also affirmed its ‘A-‘ issuer credit and senior debt ratings on XLIT … Read More Read more here:: Insurance Journal       

A.M. Best has issued a briefing report, which notes that “Bermuda moved one step closer to achieving Solvency II equivalence on November 26, 2015 when a delegated act regarding the equivalence of the supervisory regime for insurance and reinsurance undertakings … Read More Read more here:: Insurance Journal       

Almost 3,000 rescuers have been dispatched to the southern Chinese city of Shenzhen to search for any survivors of the landslide on Sunday that’s left dozens missing at a local industrial park. One body was retrieved early Tuesday morning, the … Read More Read more here:: Insurance Journal       

A report from Willis Group Holdings notes that “despite P&I Clubs announcing that they are trying to achieve on average two percent increases in premium, ship owners with good records can look forward to reductions in premiums for protection and … Read More Read more here:: Insurance Journal       

Outsize pay for chief executive officers has been a bone of contention among shareholder activists for years. What’s less known is that the directors on board-compensation committees — the very people who decide to give out those large CEO … Read More Read more here:: Insurance Journal       

Specialist Lloyd’s underwriter Marketform announced that M&A underwriter Astrid O’Reilly is relocating from Singapore to London as the company looks to strengthen the M&A product offering within the European markets. She joined Marketform in June 2015 and, successfully set up … Read More Read more here:: Insurance Journal       

A.M. Best has commented that the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Ironshore Insurance Ltd. (Bermuda) and its affiliated operating companies: Ironshore Indemnity Inc. (Minneapolis, MN), Ironshore Specialty Insurance Company (Phoenix, … Read More Read more here:: Insurance Journal       

Standard & Poor’s Ratings Services has affirmed its ‘AA-‘ insurer financial strength rating and ‘AA-/A-1+’ long- and short-term counterparty credit ratings on Swiss-based global multiline insurer Zurich Insurance Co. Ltd. and its ‘AA-‘ rating on Zurich’s core subsidiaries, all with … Read More Read more here:: Insurance Journal       

A.M. Best announced that it is holding to “its 2016 outlook for the global reinsurance sector at negative, citing the significant ongoing market challenges that will hinder the potential for positive rating actions over time and may eventually translate into … Read More Read more here:: Insurance Journal