Lloyd’s Chairman Lord Peter Levene announced that the U.K.’s Financial Services Authority (FSA) has given Lloyd’s authorization to write direct business in eight of the new European Union accession countries (See IJ Website May 3). Lloyd’s said the new licenses …
May first marked the most important expansion of the European Union in its 50 year history, as 10 countries joined the 15 existing members to create an economic block of 455 million people stretching from the Western shores of Ireland …
San Rafael Calif.-based Fair Isaac Corporation announced that it will host InterACT, a major conference on business analytics and its applications, on April 27-30, 2004 in Prague, Czech Republic. “The Prague InterACT conference will feature a content-rich agenda of presentations …
Due to the significant number of ratings announcements released recently, the IJ offers the following summary of actions taken by the rating agencies indicated. More complete information can be obtained directly from the agencies. Standard & Poor’s has lowered its …
Standard & Poor’s Ratings Services announced that, following a review, it has raised its long-term local currency counterparty credit and insurer financial strength ratings on Czech Republic-based composite insurance company Ceska Pojistovna a.s. (Ceska) to ‘BBB-‘ from ‘BB+’, with a …
Swiss Re has issued a new “Focus” report at the Baden-Baden reinsurance meetings urging the world’s reinsurers to “get-back-to-basics” in their approach to natural catastrophe underwriting as they begin the 2003 renewal season. The report, “Cat reinsurance—meeting the sustainable level,” …
Swiss Re announced that it has issued a new “Focus” report at the Baden-Baden reinsurance meetings urging the world’s reinsurers to “get-back-to-basics” in their approach to natural catastrophe underwriting as they begin the 2003 renewal season. The report, “Cat reinsurance …
The floods that devastated Eastern Europe throughout August may have been caused by global warming, or by one of the 100-200 year storms probability theory predicts, or maybe just bad luck. They were in any case, the most ruinous in …
Even as German Chancellor Schroeder met with other European leaders in Berlin on Sunday to find ways of dealing with the unprecedented floods sweeping across Eastern Europe, workers in Budapest struggled to contain the waters of the Danube from surging …
Bermuda-based PartnerRe Ltd. reports that claims from its exposures to flooding currently impacting Europe are expected to approximate $100 million. Over the past week, heavy rainfall has flooded much of eastern and central Europe. Precipitation in several areas is the …
