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Cayman incorporates first PIC
26 February 2015
George Town, Grand Cayman

AARIS Insurance Company has established the Cayman Islands’ first portfolio insurance company (PIC), following the introduction of new legislation on 16 January...

Willis enters Indian market
25 February 2015
London

Willis Group Holdings has agreed to purchase a 49 percent stake in Almondz Insurance Brokers Private Limited...

Ingosstrakh insures NSD’s risks for $65 million
25 February 2015
Moscow

National Settlement Depository (NSD), Russia’s central securities depository, and Ingosstrakh OJSIC, one of Russia's leading insurers, have concluded a one-year agreement for complex insurance...

2014 insured losses hit five-year low, says GC
25 February 2015
London

Insured losses in 2014 were at the lowest level seen since 2009, according to a report from Guy Carpenter & Company (GC)...

EXCLUSIVE: Risk Data Analytics releases new tool
24 February 2015
Dublin

Risk Data Analytics is to release a new financial risk tolerance tool that contains a growing repository of publicly available financial insurance focused information of corporates listed on major global stock exchanges...

Strong inaugural ratings for AT&T captive
24 February 2015
Oldwick, New Jersey

A.M. Best has affirmed the financial strength rating of “A-“ (Excellent) and the issuer credit rating of “a-” of Gateway Rivers Insurance Company of Dallas, Texas. The outlook for both ratings is stable...

“Excellent” ratings for Grupo ASSA companies
24 February 2015
Oldwick, New Jersey

A.M. Best has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” of ASSA Compañía de Seguros, of Panama City, Panama...

RRGs remain strong despite drop in numbers
23 February 2015
Burlington, Vermont

A decrease in the number of risk retention groups (RRGs) in 2014 has not affected the financial strength of the segment, according to financial analysis firm Demotech...

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