Denmark News

Top Insurance Stories in 2007

The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of virtually all segments of the insurance market and even buyers in …

2007: Climate Change Dominates Debate While Soft Market Hits Entire P/C Market

The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of virtually all segments of the insurance market and even buyers in …

R&M Adds Datamonitor Global P/C Insurance Report

Dublin-based Research and Markets has added Datamonitor’s new report: “Global Non-life Insurance” to their offering. R&M said its “Global Non-life Insurance industry profile is an essential resource for top-level data and analysis covering the non-life insurance industry. It includes detailed …

Andersen to Head New Marsh Nordic Captive Management Unit

Marsh announced that it has established a captive insurance management and advisory facility in Copenhagen to serve the Nordic region. Lars Andersen has joined Marsh to lead its Captive Solutions Practice in the region, focusing on Denmark, Norway and Finland. …

Ratings Recap: Nelson Re/Glacier Re; Kyoei/Swiss Re; Travelers/Lloyds; XL

Standard & Poor’s Ratings Services has assigned its ‘B’ senior secured debt rating to the $75 million class A, series 2007-I principal-at-risk variable-rate notes issued under the newly established shelf program, Nelson Re Ltd., sponsored by Glacier Reinsurance AG (Glacier …

Ratings Recap: Nelson Re/Glacier Re

Standard & Poor’s Ratings Services has assigned its “B” senior secured debt rating to the $75 million class A, series 2007-I principal-at-risk variable-rate notes issued under the newly established shelf program, Nelson Re Ltd., sponsored by Glacier Reinsurance AG (Glacier …

R&SA Offers $1.16 Billion for Codan Minority Shares; Best, S&P Comment

The UK’s Royal & Sun Alliance Insurance Group plc, through its wholly-owned subsidiary RSA Overseas Holdings B.V., announced an all cash tender offer for all for the outstanding shares in Denmark’s Codan A/S that it does not currently own – …

Ratings Recaps: Mingtai, TrygVesta

Standard & Poor’s Ratings Services has affirmed its “A” insurer financial strength and counterparty credit ratings on Japan’s Mingtai Fire & Marine Insurance Co. Ltd. and revised its outlook to positive from stable. S&P said the “revision reflects the likelihood …

Skandia Names Hult CEO-Nordic

Stockholm-based Skandia, a subsidiary of Old Mutual plc, announced the appointment of Bertil Hult as CEO of its Nordic division, effective in the fall. He joins the financial services company from Vinge, a Swedish law firm, where he is currently …

S&P Sees No Ratings Change for Swiss Re Subsidiaries

Standard & Poor’s Ratings Services said that its ratings and outlooks on the European subsidiaries of Zurich-based global reinsurer Swiss Reinsurance Co. -rated “AA-/Stable/A-1+” – remain unchanged following the announcement by the group with regard to the future reorganization of …