January 27, 2008
FERMA conference highlights growing importance of risk management in complex global business environment The insurance industry’s “traditional model” has become outdated and is so abstruse that the industry’s ability to compete is being jeopardized. European risk managers face the same …
December 12, 2007
A.M. Best Co. has assigned a financial strength rating of ‘B+’ (Good) and an issuer credit rating of “bbb-” to Russian Reinsurance Company with a stable outlook. “The ratings reflect Russian Re’ s good risk-adjusted capitalization, excellent and consistent operating …
October 2, 2007
More than 1200 participants assembled Monday morning at Geneva’s International Conference Center for the fifth Forum of the Federation of European Risk Management Associations (FERMA). Delegates were welcomed by Pierre-François Unger, president of the State Council of the State of …
August 6, 2007
Marsh announced from its London office that it has acquired the business of Heath Lambert Finland Oy (HLF Oy), the country’s third largest insurance broker. The further strengthens Marsh’s leading position in the country. Terms of the agreement were not …
August 3, 2007
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. …
June 15, 2007
Marie-Gemma Dequae has been re-elected President of the Federation of European Risk Management Associations (FERMA) by its executive board members. She is Group Risk & Insurance Manager of Bekaert, a Belgian multi-national metal transformation and advanced materials and coatings group, …
March 8, 2007
Standard & Poor’s Ratings Services announced that its ratings and outlook on Finland’s Pohjola Non-Life Insurance Co. Ltd. -currently “A+”/Stable – “are unchanged following dividend payments totaling about €300 million [$393.8 million] to its parent company, Finland-based OKO Bank PLC …
January 16, 2007
Zurich Financial Services Group announced that its subsidiary, Zurich Insurance Ireland Limited (ZIIL), which functions as an EU-wide risk carrier for Zurich’s general insurance business, has opened branches in Belgium and Italy. ZIIL now operates in Belgium, Finland, France, Italy, …
December 15, 2006
A new report from Standard & Poor’s Equity Research – European Investment Outlook – Riding A Wave Of Volatility – foresees the volume of mergers and acquisition in Europe exceeding the €1.3 trillion [$1.7 trillion] generated by the end of …
November 10, 2006
A.M. Best Co. has assigned a financial strength rating of “A” (Excellent) and an issuer credit rating of “a” to Finland’s Tapiola General Mutual Insurance Company (also known as Keskinainen Vakuutusyhtio Tapiola) with a stable outlook. “The ratings reflect the …