France’s AXA Group announced that it has successfully completed the acquisition of Winterthur. AXA reached agreement with Credit Suisse to acquire 100 percent of Winterthur, the Swiss bank’s insurance division, for CHF 12.3 billion (around $10 billion – €7.9 billion) …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating of “aa-“of France’s PartnerRe S.A. “The outlook on both ratings remains stable, in line with the outlook of its ultimate parent company, Partner …
JANUARY Hallmark Aquires Aerospace Holdings Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites non-standard personal automobile insurance. The American National Bank of Texas of Terrell, …
JANUARY Hallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites non-standard personal automobile insurance. American National Bank Acquires Dallas-based Sleeper, Sewell The American National …
About 1,400 corporate directors received option grants whose timing was manipulated, according to an academic study released this week. Of all options grants to directors, about 9 percent were received at “lucky” times — when the stock price was equal …
Electronic ID cards, surveillance cameras and metal detectors are fixtures in high-rise office buildings, but experts say with thousands whizzing through the revolving doors each day, it’s impossible to guarantee workers’ safety. More than five years after Sept. 11, security …
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 …
The Bermuda-based Catlin Group Limited announced plans to establish four new European offices in early 2007 in Paris, Barcelona, Zurich and Innsbruck. “The new locations will build on Catlin’s strategy to open offices in key cities worldwide to access business …
Fitch Ratings has upgraded France’s SCOR Group insurer financial strength (IFS) and issuer default (IDR) ratings to “A-” from “BBB+” and SCOR S.A’s senior unsecured rating to “A-” from “BBB+”. Fitch also removed the ratings from its “Rating Watch Positive” …
Beazley Group plc announced that to strengthen its U.S. commercial property team ahead of its launch in the admitted market the company has hired Neil Brown as the senior underwriter for its central region, based in Chicago. Brown joins Todd …
