The Boston-based Liberty Mutual Group announced it has successfully completed the planned acquisition of Quinn’s Irish insurance business, as well as the transfer of all existing Quinn Insurance employees to Liberty Mutual’s new Irish company, which “plans to trade under …
Catastrophe modeling firm AIR Worldwide has issued a bulletin on the “torrential rainfall” that has “caused widespread disruption and damage on both sides of the Irish Sea.” The Dublin area has been the hardest hit. AIR said the “flooding was …
Willis Group Holdings plc announced the appointment of Daniel Wilkinson as CEO, Willis United Kingdom & Ireland (WUKI), effective immediately. Willis also named Brendan McCafferty to the newly created post of WUKI President. Wilkinson has been with Willis for 16 …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of UK-based QBE Insurance (Europe) Limited, QBE Insurance (International) Limited (Australia) and QBE Reinsurance (Europe) …
Pressure on Europe’s banks to raise more capital increased on Monday after last week’s stress tests revealed their holdings of European sovereign debt, with likely losses on Greek bonds a growing concern. A health check of 90 European banks unveiled …
The International Monetary Fund joined Germany on Wednesday in pushing for private sector investors [presumably including the EU’s insurers] to help cut Greece’s debt mountain as the euro zone sought to break an impasse on how and when to grant …
European politicians accused credit rating agencies on Wednesday of anti-European bias after Moody’s downgrade of Portugal’s debt to “junk” cast new doubt on EU efforts to rescue distressed euro zone states without debt restructuring. European Commission President Jose Manuel Barroso …
Industrial Insurance Company HDI-Gerling announced the appointment of Mark Appleton to the position of liability underwriting director for the UK and Ireland. He joins HDI-Gerling from RSA where he was European casualty director. Previously he held senior positions at Chubb …
The people of Ireland cheered up a bit following the back to back visits of Great Britain’s Queen Elizabeth II, and the President of the United States, Barack Obama, or O’bama as the name appeared in Ireland. No, neither visitor …
Around 200 global re/insurance specialists will gather for the European Insurance Forum in Dublin next week to analyze the current state of the industry. Delegates will hear the views of Matthew Elderfield, Deputy Governor at the Central Bank of Ireland, …
