Gordon Brown, The UK’s Chancellor of the Exchequer (Finance Minister) and odds-on favorite to succeed Tony Blair as Prime Minister, has apparently come away with some success during his working visit to India. Despite being somewhat overshadowed by the controversy …
Toronto-based Kingsway Financial Services announced that it has entered into an agreement with The Robert Plan Corporation (RPC) to acquire the renewal rights of RPC’s assigned risk business. “As part of these arrangements, RPC has been given the authority to …
The Netherlands’ ING Group has announced a major change in strategy and a restructuring of its Belgian insurance business. ING intends to focus exclusively on its on bancassurance distribution in Belgium. ING said that after a strategic review of its …
Standard & Poor’s Ratings Services has assigned its preliminary “A”‘ junior subordinated debt rating to the proposed perpetual, subordinated, fixed/floating-rate step-up notes to be issued by Generali Finance B.V. (not rated) and unconditionally and irrevocably guaranteed by Italy’s Assicurazioni Generali …
A.M. Best Co. has commented that the financial strength rating of “A+” (Superior) of Germany’s Allianz Societas Europaea, AGF Group and Allianz Lebensversicherungs-AG “remains unchanged following Allianz’s intention to acquire the minority shareholdings in these two subsidiaries” (See IJ web …
The mild winter weather that much of Europe has been enjoying for the last month came to a sudden halt earlier this week when the most violent storm to hit the continent since 1999 swept in from the Atlantic. So …
Members of the state Board of Coal Mine Health and Safety say the panel may have a tough time crafting regulations to address the cause of the Sago Mine accident. The process of writing those rules officially began Wednesday when …
Property casualty insurers increasingly steered clear of the water out of fear of catastrophe losses during the past year. But while they were keeping a wary eye on the coasts in 2006, and escaped relatively unscathed in those areas thanks …
Matthew Gardner has joined insurance broker Bollinger, Inc. as managing director of its Commercial Lines Division. He will operate out of the Short Hills, New Jersey corporate headquarters and will oversee Bollinger’s commercial lines operations in all office locations as …
A deep freeze that has ruined many winter crops in California’s agricultural zones has also wreaked havoc on the state’s urban centers in the form of frozen, broken pipes. Fire departments across Southern California reported receiving hundreds of calls over …
