Ultimate Risk Solutions, LLC, (URS) announced that Riccardo Nicolini, a long-time senior executive of Assicurazioni Generali, one of Italy’s largest insurance companies, has been appointed as Senior Advisor. URS develops financial risk software used by insurers, reinsurers, brokers and regulators. …
Willis Group Holdings announced the appointment of Andrea Bellone as Managing Director in the European team of Willis Capital Markets & Advisory (WCMA), effective immediately. He is based in London and reports to Michiel Bakker, Head of WCMA Europe. Bellone …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the main UK operating subsidiaries of the UK’s RSA Insurance Group plc. Best also withdrew …
According to PERILS, the Zurich-based catastrophe data provider, initial loss estimates for property losses caused by windstorm Andrea, which struck Western Europe at the beginning of January, are €267 million [$350 million]. The majority of the losses occurred in Germany, …
The worst February cold spell Europe has seen in decades may last until the end of the month, leading meteorologists said, raising the prospect of further deaths and an extended spike in European spot gas prices. “We do have higher …
Seattle-based independent actuarial and consulting firm Milliman announced that it has opened a new office in Brussels to augment the “global consulting firm’s growing presence in Europe.” “By adding an office in Brussels, we expand and support our current presence …
Record-low temperatures in parts of Eastern Europe pushed the death toll from Arctic conditions to at least 89 people on Wednesday, and have forced Russian gas provider Gazprom to warn over supplies to Europe. Europe had enjoyed a relatively mild …
Swiss Re’s Chief Economist, Kurt Karl, has predicted that the decision by the Federal Reserve to maintain the target fed funds rate at zero to 25 basis points would help calm some of the turmoil in the global financial markets. …
Standard & Poor’s Ratings Services has followed up on the rating actions it announced in December concerning a number of Europe’s largest insurers. S&P has lowered its ratings on the following insurers (and certain related operating subsidiaries and certain holding …
Flightsurance can now be purchased in the UK and Ireland, offering airline passengers €1 million in worldwide accident coverage. This coverage is now available to business and leisure travelers in 27 EU states and valid on more than 230 airlines …
