A.M. Best Co. announced that it has withdrawn ratings on Denmark’s Tryg-Baltica International Insurance Company A/S and Lloyd’s Syndicate 1243, as they have been placed into run off. Both companies, who are not related, have been classed as “NR-3” (Rating …
A.M. Best Co. announced that it has downgraded the financial strength rating to “B++” (Very Good) from “A-” (Excellent) of Tryg-Baltica Insurance, International Insurance Company A/S (TBI) (Denmark) and has placed the rating under review with negative implications. The decision …
Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Sweden’s If P&C Insurance Ltd. and Finland’s If P&C Insurance Co. Ltd., which are both operating entities of the If …
Standard & Poor’s Ratings Services announced that it has assigned its ‘A-‘ long-term counterparty credit and insurer financial strength ratings to Denmark-based Tryg Forsikring A/S (Tryg) and Norway-based Vesta Forsikring AS (Vesta), core entities of the TrygVesta group (TVG), with …
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 …
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 …
Global insurance broker Willis Group Holdings Limited has reported record results for the quarter ended March 31, 2004. Net income was $148 million, or $0.87 per diluted share, compared with $117 million, or $0.69 per diluted share in the same …
A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of Denmark’s Tryg-Baltica Insurance, International Insurance Company A/S (TBI) with a negative outlook. “The rating reflects the company’s adequate risk-adjusted capital position despite deterioration and …
According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion that economic and insured losses would continue to …
According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion that economic and insured losses would continue to …
