Assurant Group, a provider of specialty risk management programs for the financial services industry, and the Kingston Economic Development Corporation have announced plans for Assurant to build a new operations center in Kingston, Ontario. Plans call for the initial construction …
When the nation awoke on the morning of Tuesday, Sept. 11, little did it know that the events over the next few hours would change its lives forever. Not only were there thousands of lives lost and injured, but many …
When the nation awoke on the morning of Tuesday, Sept. 11, little did it know that the events over the next few hours would change its lives forever. Not only were there thousands of lives lost and injured, but many …
Swiss Re has released its latest “sigma” study, which examines the insurance industry in Latin America emphasizing the growth potential of the region, but warning of the necessity to increase profitability. Sigma 2-2002 cited three main areas “impacting the Latin …
The Netherlands ING Group reported a 0.4 percent increase in net profit for the first quarter of 2002 compared to the same period in 2001, to €1.136 billion ($1.05 billion), the figure also represents a 19.8 percent increase over the …
Swiss Re will sponsor a water resources project in Northeastern Brazil in conjunction with World Vision, an independent environmental organization, and . will offer hurricane advice to the media by weather forecasting experts. The implementation of the Agua e Vida …
Holland’s ING Group further strengthened its leading position in the Latin American insurance market with the acquisition of a 49 percent stake in Sul America S.A., Brazil’s second largest insurance company. The two companies announced “an agreement to strengthen their …
Initial Swiss Re estimates say that 2001 was a very costly year for property insurers. In a PRNewswire report, man-made and natural catastrophes claimed more than 33,000 lives worldwide in 2001, with the direct financial loss from major events expected …
Latin American Re has adopted the global brand name of its parent company XL Re Ltd., renaming itself as XL Re Latin America Ltd. (XL Re LA). The move follows XL Re’s acquisition last year of Risk Capital Holdings’ (Now …
The article concerning Lloyd’s insurer and Managing General Agent Cotesworth & Co., which appeared on this Website September 7th, contained language which could be interpreted to adversely reflect on the company’s current financial status and claims paying ability. While Cotesworth …
