The phrase “Climate Change” has taken its place in the world’s lexicon alongside “discrimination,” “colonialism,” “nationalism,” “iron curtain,” “liberalism,” and other buzz words that invariably cause a reaction. The current Climate Change Convention, which winds up today, Dec. 17, in …
The Netherlands ING Group reported a significant rise in nearly all business sectors. Operating profits at the banking, insurance and financial services giant rose by 33.1 percent to 4.008 billion euros ($5.2 billion). Other highlights recorded during the period include …
ACE European Group announced from London that it has appointed Edward Levin as Executive Vice President, Accident & Health and Personal Lines. He joins ACE from Citigroup Insurance in London, where he was responsible for the development and growth of …
For those in the life insurance industry who thought they could sit on the sidelines and watch New York Attorney General Eliot Spitzer go after some big property/casualty heavyweights, think again. According to reports on Friday, MetLife and other group …
Boston-based Liberty Mutual Group will further expand its Latin American insurance business with the purchase of the insurance operations of AGF Allianz Chile S.A., a unit of France’s AGF, which is in turn a division of Germany’s Allianz AG. The …
Fitch Ratings announced that it has affirmed the “A” insurer financial strength rating on Exporters Insurance Company Ltd., a Bermuda-based group captive insurer that focuses on trade credit insurance. The outlook remains negative. “The affirmation reflects improved operating results as …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘A+’ counterparty credit and financial strength ratings on Australia’s QBE Reinsurance Corp. (QBE Re) and QBE Insurance Corp. (QBEIC). S&P noted that the ratings of both companies are based …
Global insurance broker Willis Group Holdings announced that it has finalized the buy-out of a 20 percent stake in Herzfeld & Levy, the Group’s retail operation in Argentina. On completion of the transaction Willis will have a 60 percent stake …
Over the past three decades, 80 percent of the terrorist attacks against the United States have been directed against American businesses in foreign locations. In 2001, about 400 American businesses were attacked. Compared to the thousands of American interests abroad, …
Holland’s ING Group announced that it will reorganize its insurance activities in Argentina, effectively leaving the market with the resulting loss of 650 jobs. A company announcement said it had made the decision “after careful deliberation and assessment of the …
