The combined ratio was attributed to a 71-point loss ratio and an expense ratio of 30.7. Policyholders' surplus was $64.4 billion, down from the $75.9 billion reported for the same period in 2007,
The announcement Friday from S&P's London office cited improved non-life fundamentals and balance sheet resilience as reasons for the upgrade of insurer financial strength ratings of core operating
SIIA said the move was designed to strengthen the association's influence in Washington, D.C., and channel financial contributions to the political campaigns of members of Congress who support the
SIIA said the move was designed to strengthen the association's influence in Washington, D.C., and channel financial contributions to the political campaigns of members of Congress who support the
INDIAN WELLS, CALIF.--Chaos in the financial markets has migrated to captive insurers, meaning that fronting issues have taken a back seat to issues such as collateral and regulation, according to an
CICA said Mr. Parenteau has more than 20 years of experience in investment management, specializing in captive insurance asset management. He became a CICA Director in 2003, was re-elected in 2004,
While the financial market crisis and the deepening recession are being blamed for a drop in captive insurer formations in some domiciles, the captive business is far from dormant, with at least two
Promoting the conservation of natural resources and encouraging risk mitigation efforts along densely populated U.S. coastlines are the best ways to manage risk and reduce economic losses, the
AIG held a conference call for the investment community to discuss these developments this morning at 8:30 a.m. EST, broadcast live on the Internet at www.aigwebcast.com. A replay will be archived at
Risk managers who have worked hard to meet their workplace safety goals and keep workers' comp claims on a downward trend might find the threat of budget cuts and massive layoffs in a faltering