Risk Management Solutions and AIR Worldwide have both issued bulletins analyzing the effects of a 6.1 magnitude earthquake that struck Western Greece at 03:26 p.m. local time on Sunday, June 8. RMS said that according to “preliminary reports from the …
Zurich Financial Services Group announced the completion of the acquisition of 100 percent of Life insurer DWS Vita SpA from an Italian subsidiary of Deutsche Bank. The transaction was first announced on December 17, 2007. Zurich noted that “through this …
Initial, informal offers for Royal Bank of Scotland’s insurance arm are unlikely before next week after a first deadline was delayed on the request of several suitors, sources close to the process said. First-round bids for RBS Insurance, Britain’s largest …
Italy’s Generali dropped out of the running for Royal Bank of Scotland’s insurance arm on Wednesday, hours ahead of a first bid deadline, prompting speculation that interest in the asset is fading. RBS, Britain’s second-largest bank, had been expected to …
Zurich Financial Services Group announced that Markus Hongler, currently CEO of Zurich Switzerland, has been appointed CEO of Zurich Insurance Ireland Limited (ZIIL), Zurich’s main EU-wide risk carrier for general insurance. The appointment will become effective January 1, 2009, in …
The destruction of the orange sedan with its slapdash paintwork may have been intentional but it was far from wanton. It was all part of Volvo’s bid to create an injury-proof car by 2020. While that vehicle of the future …
Royal Bank of Scotland’s insurance arm offers a once-in-a-lifetime opportunity for buyers to scoop up a key share of the UK market just as it begins to show signs of recovery, and suitors are already eyeing the unit. Financial pressures …
The early morning earthquake that struck Market Rasen in Lincolnshire recently was literally a wake-up call for many people. (See IJ web site – https://www.insurancejournal.com/news/international/2008/02/28/87725.htm). With likely insured losses of between £15 million and £30 million, the magnitude 5.2 ‘quake …
Half a century after the launch of the notorious morning sickness pill thalidomide, its surviving victims are demanding €4 billion ($6.3 billion) in compensation from the German government and the drug’s maker. A newly formed group, the International Contergan Thalidomide …
The United States should build on the North American Free Trade Agreement by negotiating a new free trade deal with the 27 nations of the European Union, Republican presidential candidate John McCain said on Wednesday. “I am an unashamed and …
