While no one truly wants to admit it, terrorism is here to stay… at least for the time being. The War in Iraq has further provoked the unstable global political climate, and the results are uncomfortable at best. U.S. Attorney …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of Luxembourg-based West of England Ship Owners Mutual Insurance Association (the Club or WOE), with a stable outlook. “The rating reflects the Club’s excellent capitalisation, …
Gary Schmalzriedt, Chairman and CEO of ACE Overseas General (AOG), announced that Tomas Urbanec has been named as Executive Vice President, International Personal Lines. AOG is a financial reporting unit of ACE Limited, which comprises the Company’s international property casualty …
Peoria, Ill.-based RLI Corp. has promoted Piyush K. Singh to chief information officer. RLI President and CEO Jonathan E. Michael said that Singh has played a significant role in leading the growth of RLI’s information technology department. Singh joined RLI …
Standard & Poor’s Ratings Services announced that it has removed from CreditWatch and affirmed its ‘A+’ long-term counterparty credit and insurer financial strength ratings on the core operating entities of the Netherlands-based Eureko insurance group. In a related move the …
ACE Tempest Re Europe announced the appointment of Eric Gutierrez as European Treaty Underwriter in their newly opened underwriting division in Dublin. he’ll be responsible for developing property and casualty treaty business in the Mediterranean region of Europe, including France, …
The European Commission (EC) in Brussels has announced proposals to harmonize the European Union’s automobile insurance regulations. The EC wants all policies to cover third party liability up to € 1 million ($945,000) for accident victims and up to € …
Dutch financial services giant ING Group has concluded a “strategic alliance” with Greece’s Piraeus Bank which will enlarge its operations in the country, and give it a firm base for further expansion in the region. The two companies announced agreement …
Standard & Poor’s has affirmed its single-‘A’- minus counterparty credit and senior unsecured debt ratings on the Netherlands-based insurer Eureko B.V., and has rated its principle subsidiaries in Holland and Portugal as double-‘A’-minus; however, it revised its outlook from stable …
Eureko, the insurance consortium based in The Netherlands, has agreed to purchase an additional 54.38 percent of the shares of Greek life insurance and investment management company Interamerican at a base price of € 19.81 per share ($ 17.03). It …
