Ireland News

U.S. Chamber of Commerce President Reaffirms Support for Ireland

Ireland has been much in the news recently, and not just for its economic woes. The visit by the UK’s Queen Elizabeth II, the first by a British monarch in 100 years, and the upcoming visit of President Obama, as …

Mitsui Sumitomo at Lloyd’s to Expand into Ireland

Mitsui Sumitomo at Lloyd’s confirmed that it is to establish branches in Dublin and Belfast as part of its expansion plans. The new operation will be headed by Alan Shiel, formerly the Ireland Country Manager at Chubb, as Managing Director. …

Liberty Mutual Might Assume Share of Ireland’s Quinn Insurance

Sean Quinn has long been one of Ireland’s greatest success stories, and his name adorns everything from cement mixers to luxury hotels. Now he’s become the biggest casualty of the nation’s worst banking disaster. Anglo Irish Bank received government approval …

April 1st International News

Ireland to become 1st U.S. State The Irish are fed up with European Union demands that they raise their corporate tax rate – currently 12.5 percent – if they want some help in repaying the enormous loans the government has …

Rating Agencies Might Stop Reports Due to EU Threats Say Sources

Credit rating agencies have warned the European Commission that they could stop rating risky countries if the EU executive goes ahead with plans to make them legally liable for errors of judgment, industry sources said. Tensions have been rising between …

RBS Recovery Undermined by Irish Losses

Royal Bank of Scotland’s high bad debt charges in Ireland and a drop in investment banking income overshadowed the bank’s return to profit in the final months of 2010. Stephen Hester, chief executive of the partly nationalised bank, said on …

S&P Puts AXA Insurance on CreditWatch After Ireland Ratings Downgrade

Standard & Poor’s Ratings Services said today that it placed its ‘BBB+’ long-term counterparty credit and insurer financial strength ratings on AXA Insurance Ltd. on CreditWatch with negative implications. S&P explained that it took the action following its decision on …

S and P Lowers Aviva Insurance Ratings from ‘A+’ to ‘A-‘ After Ireland Downgrade

Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on Aviva Insurance Europe SE (Aviva SE) to ‘A-‘ from ‘A+’. In addition S&P said the ratings “remain on CreditWatch with negative implications, where …

Model Boasts Good Track Record Predicting Political Hotspots

The forecast for predicting the next political hotspots could be much more accurate because of a model developed by two Kansas State University professors and a colleague in New York. The model, named the Predictive Societal Indicators of Radicalism Model …

Perryman Appointed Sales and Marketing Director of Willis UK & Ireland

Martyn Perryman has been appointed Sales and Marketing Director for Willis UK & Ireland (WUKI), effective immediately. He is based in London and reports to Brendan McManus, CEO, WUKI. He will be responsible for increasing revenue growth and retention across …