Bermuda’s Minister of Finance, the Hon. Paula A. Cox, announced that Bermuda had concluded negotiations of a bilateral agreement with Belgium that provide for a full exchange of information on criminal and civil tax matters between Bermuda and the Kingdom …
New research, conducted by Marsh, has found that senior executives in Europe’s leading organizations are most concerned about customer-related risks and access to credit, as they plan their recovery from the global economic downturn. Marsh said the nearly two-thirds of …
Lloyd’s announced that it has opened its first representative office in Scandinavia in Sweden, which will act as the hub for all of its Nordic operations. The office, in Stockholm, will be run by Lloyd’s Nordic Representative, Erik Börjesson. Lloyd’s …
Peter den Dekker, corporate insurance risk manager at Dutch multi-national Stork, has been elected President of the Federation of European Risk Management Associations (FERMA). He takes over from Marie-Gemma Dequae, whose mandate came to an end after four years, following …
The world’s forests are at risk of becoming a source of planet-warming emissions instead of soaking them up like a sponge unless greenhouse gases are controlled, scientists said. Deforestation emits 20 percent of the world’s carbon dioxide when people cut …
Standard & Poor’s Ratings Services has assigned its ‘BBB+’ long-term counterparty credit and insurer financial strength ratings to U.K.-based marine insurer Steamship Mutual Underwriting Association Ltd. with a stable outlook. S&P said the “ratings reflect the company’s core status within …
Willis Group Holdings announced that Adam Garrard has been appointed CEO of Willis Continental Europe and Bill Donovan has been named to succeed him as CEO for Willis Australasia. The appointments were effective January 1, 2009. Both executives will report …
Lloyd’s has announced the appointment of Erik Börjesson as its first Nordic Area Manager. He will be based in Stockholm and will assist Lloyd’s syndicates and managing agents in building relationships with insurance buyers and intermediaries in the Nordic area, …
Zurich Financial Services Group announced that Markus Hongler, currently CEO of Zurich Switzerland, has been appointed CEO of Zurich Insurance Ireland Limited (ZIIL), Zurich’s main EU-wide risk carrier for general insurance. The appointment will become effective January 1, 2009, in …
Zurich Financial Services Group announced that it will expand its services for corporate customers in Norway and Denmark through the establishment of two new branches of Zurich Insurance Ireland Limited (ZIIL), its principal subsidiary for the European Union. ZIIL, which …
