Italy’s Generali Group posted very strong first half results, with net profits increasing by 26.7 percent to €1.7776 billion ($2.435 billion). Operating profits, which exclude capital gains/losses, rose 28.3 percent to €2.8805 billion ($3.95 billion). Italy’s largest insurer announced the …
Inadequate safety controls for chemical reaction hazards led to an explosion at a North Carolina chemical plant that killed one worker and injured 14 others last year in Morganton, federal safety investigators said Tuesday. “The sorts of safety practices and …
Tiger Woods had a rough weekend at the British Open, and so too did Jennifer Wilson, the 63-year-old fan who required two stitches to her bloodied head after she was beaned by one of his wayward shots. Her injury highlighted …
SunGard (http://www.sungard.com) announced that it has acquired GTI Consultants (GTI), a specialist consultancy firm providing IT services to French financial institutions. GTI will become part of SunGard’s Cadextan business unit. The transaction, the terms of which have not been disclosed, …
The ACE European Group has announced some changes to its Continental European country management with immediate effect, as follows: Jeff Moghrabi is to assume the role of Country Manager for ACE France, replacing Olivier Muraire. He will relocate to ACE’s …
ACE Limited has received approval from the UK’s Financial Services Authority to establish a London-based life assurance company, ACE Europe Life Limited, doing business as “ACE Life.” The new Company “will operate in conjunction with the existing network of ACE …
Standard & Poor’s Ratings Services has assigned its “AA” long-term counterparty credit and insurer financial strength ratings to Generali IARD and Generali Vie, the main operating entities of the French holding company, Generali France (not rated). The outlook on both …
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 …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and issuer credit ratings (ICR) of “aa-” of Travelers Insurance Companies and its P/C members. Best also affirmed the debt ratings of “a-” on senior debt, “bbb+” …
An education isn’t how much you have committed to memory, or even how much you know. It’s being able to differentiate between what you do know and what you don’t. — Anatole France (1844 – 1924) Apparently, when it comes …
