Zurich Financial Services Group announced that it will expand its services for corporate customers in Norway and Denmark through the establishment of two new branches of Zurich Insurance Ireland Limited (ZIIL), its principal subsidiary for the European Union. ZIIL, which …
In a special report A.M. Best Co. warns that “lurking beneath Central Europe are numerous faults that rarely break the ground surface but that still could lead to large scale catastrophe losses for insurers and reinsurers.” As a result Best …
Dublin-based Research and Markets has added “Insurance in Europe” to their offering. The study gives an industry profile, which R&M describes as “an essential resource for top-level data and analysis covering the insurance industry. It includes detailed data on market …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of National Grid Insurance Company Ltd. (NGICL), which is based on the Isle of Man, a captive of National Grid plc. …
Lloyds’s insurer, Marketform Group Limited, which specilizes in non-US medical malpractice and other specialty lines, announced that American Financial Group Inc. (AFG) is to become the majority shareholder in its business, increasing the Company’s presence as an international specialist insurer. …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Zurich Insurance Company (ZIC), the main operating company of Swiss-based Zurich Financial Services Group (ZFS) and its subsidiaries. …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Bermuda-based Fortis Insurance Company (Asia) Limited (FICA) with a stable outlook. “The ratings reflect FICA’s adequate risk-based capitalization, favorable operating …
An article on the IJ web site Nov. 7 – “Europe Assistance Launches Identity Theft Service in UK, Ireland” – incorrectly identified the Parent Company of Europ Assistance as Allianz. The travel services group is a division of Italy’s Generali. …
Europ Assistance has launched an ID Theft assistance service for its UK and Ireland based clients. The travel insurer, an independent division of Italy’s Generali Group, already covers “13 million customers of leading financial service organizations in the U.S.,” the …
Standard & Poor’s Ratings Services has assigned its ‘BBB+’ rating on Medical Insurance Australia Pty Ltd., a national medical indemnity insurer and the largest in South Australia, with a stable outlook. “The rating, which represents good financial security, is the …
