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Jul 01, 2009
TT Club rating maintained at A+
London - Leading US rating agency A.M. Best has again confirmed mutual insurer TT Club's financial strength rating as A- (Excellent), underlining confidence in the organisation's financial strength.
The agency said that in its view the outlook for TT Club over the next year is 'stable'. A.M.Best expected TT Club to maintain a strong capital position in 2009, despite an anticipated reduction in retained earnings. "Capitalisation is supported by a USD 30 million subordinated loan (issued in October 2006), and the Club benefits from a comprehensive catastrophe reinsurance programme with extensive vertical and horizontal protection" said a statement by A.M.Best.
Intermodal transportation: The next wave?
Holidays are almost over, for those lucky enough to go on vacation. I spent my time away from the sea, and well above sea level. Just for reassurance. As you might know, the majority of Dutch grounds are below sea level (about 65%), and we keep dry feet by pumping water. Without that, we would build our sandcastle around "Amersfoort at the Sea" (a city some 80km inland).
However, spending time in the Alps, some 800m above sea level, my rectangular box driven mind did not come to a complete standstill, wondering about hinterland transportation.
New Strategy & Development Director appointed at Dunkerque Port
Jean-Frédéric Laurent has just been appointed Strategy and Development Director of Dunkerque Port, replacing Pierre Joly on his retirement. He is 41. |
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