Germany’s Allianz announced that it has reached an agreement with employee representatives of its Italian subsidiary RAS Holding S.p.A on “the future structure for the operational and corporate codetermination of Allianz SE.” The deal clears the way for Allianz to …
ACE Europe announced the appointment of Iain McConnachie to the position of Direct Marketing Director for Europe within its Accident & Health division. He joins ACE’s European operation from Time Life Direct Entertainment where he was European Managing Director. McConnachie …
Risk Management Solutions, a Newark, Calif.-based provider of products and services for the management of natural hazard risk, released its probabilistic Germany River Flood model to assess both off and on-flood plain risks, to price and underwrite policies and manage …
As part of its overall rating actions on France’s SCOR Group (See related article in International section), A.M. Best Co. has upgraded the financial strength rating to “A-” (Excellent) from “B++” (Very Good) and the issuer credit ratings to “a-” …
France’s AXA Group has received approvals from U.S., Swiss and the European Commission antitrust authorities for its CHF12.3 billion ($9.89 billion) agreement to acquire Winterthur Swiss Insurance Co. from Credit Suisse, its current owner. AXA said that “subject to the …
Guy Carpenter & Company, Inc., the global risk and reinsurance specialist of the Marsh & McLennan Companies, announced that its Instrat(R) unit, which provides quantitative analysis and modeling services, has collaborated with catastrophe modeler EQECAT to develop a model to …
France’s SCOR Group posted an impressive first half of 2006 with net income up 42 percent to €102 million ($131 million) compared to the €72 million ($92.5 million) it earned in the same period of 2005. Other earnings highlights include …
160 The number of demolition permits issued in Lake Charles, La., this year, almost twice the number issued in all of 2005. Officials believe that number will go even higher as hurricane-related insurance claims are resolved. The city traditionally averages …
France’s AXA Group has appointed Philippe Donnet to the position of AXA Group Regional CEO – based in Singapore – to oversee AXA’s principal insurance businesses in the Japan & Asia-Pacific region, effective October 1. The appointment confirms AXA’s intention …
For the insurance industry, global controversies tend to obscure some equally important debates going on in smaller forums around the globe. The principal controversy in the U.S. revolves around state vs. federal regulation of the industry, which poses fundamental questions. …
