Boston-based Liberty Mutual Group will further expand its Latin American insurance business with the purchase of the insurance operations of AGF Allianz Chile S.A., a unit of France’s AGF, which is in turn a division of Germany’s Allianz AG. The …
AGF, the French subsidiary of Germany’s Allianz Group, announced record first half net income of 532 million euros ($660 million), and annualized return on equity of 16.3 percent. “The AGF Group is in line with its targets. In individual life …
Standard & Poor’s Ratings announced that it has raised its long-term counterparty credit and insurer financial strength ratings on non-life French insurer Aviva Assurances S.A. to ‘AA-‘ from ‘A+’ with a stable outlook. “The rating action reflects the fact that …
Research amongst European and U.S. Risk Managers concludes that within the next five years over half will be using alternative risk financing as a key part of their risk programs, according to ACE European Group. “This apparent trend has emerged …
Like the wheels of Lance Armstrong’s bike—a blur of perpetual motion as he powered up mountain after mountain in the Tour de France—the non-stop cycle of the property/casualty insurance market continues on its seemingly endless rotation between hard and soft …
A.M. Best Co. has downgraded the financial strength rating to B++ (Very Good) from A- (Excellent) of Corifrance (Compagnie de Reassurance d’Ile de France) (France). The outlook is stable. The downgrade reflects A.M. Best’s opinion of the potential negative impact …
XL Re Europe, the Continental Europe platform for the Reinsurance Operations of XL Capital Ltd., announced the appointment of Bertrand Romagné as senior vice president and head of the Property Treaty Department. Romagné, formerly vice president and in charge of …
This is the first in a series of articles on the Asia insurance marketplace. Part two in this series will focus on India and will appear in a September issue of Insurance Journal. “Let China Sleep, for when she wakes, …
Orlando – From Capt. Scott O’Grady who survived six days in hostile territory after his F-16 was shot down enforcing the no-fly zone over Bosnia. To Independent Insurance Agents and Brokers of America’s (IIABA) President Louise “Bebe” Canter and Safeco’s …
AXA Financial, Inc., announced that, “following the receipt of all required regulatory approvals and the satisfaction of all conditions in its merger agreement,” it has completed its acquisition of The MONY Group Inc. “As a result of the acquisition, MONY …
