Financial Guaranty Insurance Co. announced that Robert Velins has joined the company as Managing Director, International Finance, effective June 1. He is based in London and has primary responsibility for FGIC’s infrastructure finance efforts in the UK and Europe. Before …
A report from the Australian Broadcasting Corp. notes that The New South Wales Farmers Association has backed a proposal for council rate notices [property taxes] to carry a compulsory fire insurance levy. The article indicated that the country’s insurance industry …
Financial Guaranty insurer MBIA Inc. announced that Christopher Weeks has been named as head of the company’s international operations, effective immediately. He succeeds Vice Chairman Jack Caouette, who will be leading strategic initiatives for the company until his retirement in …
Standard & Poor’s Ratings Services announced that it has revised the rating outlook on Allianz Australia Insurance Ltd. (Allianz Australia) and its associated company, Allianz New Zealand Ltd., to positive from stable. S&P also affirmed the long-term ‘A-‘ insurer financial …
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 …
North Carolina-based MJM Investigations, an international private investigation firm providing innovative investigative solutions to the insurance industry, announced a new strategic partnership with Milne and Associates, an Australian private investigation firm, conducting surveillance and factual investigations for various Government agencies, …
Zurich Financial Services Group announced that it has signed an agreement with Australia’s QBE Insurance (International) Limited for QBE to acquire 100 percent of the share capital of Zurich Insurance (Singapore) Pte. Ltd. The parties announced that they have agreed …
Net U.S. investment in Europe has slowed considerably in the past decade, J. Bradford DeLong, professor of economics at the University of California at Berkeley, told directors of RiskProNet International Inc., at recent conference. At home, he said, the U.S. …
Standard & Poor’s Ratings Services announced that it has placed its “AA-” counterparty credit and insurer financial strength ratings on Mercantile Mutual Insurance (Australia) Ltd. “on CreditWatch with negative implications (previously negative outlook).” The action follows the announcement that Australia’s …
Zurich Financial Services Group announced that Gunnar Stokholm, 55, will resign at the end of 2004 and has stepped down effective immediately from his position as Chief Executive Officer of Australia and Other Markets. Stokholm joined Zurich in 1995 as …
