Massive fires raged out of control across Greece on Thursday, after killing three people overnight in the south, burning through villages and forests and stretching firefighting services to the limit. Greek Prime Minister Costas Karamanlis appealed to Russian President Vladimir …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Italian composite insurance group Fondiaria-SAI SpA and its core subsidiary, Milano Assicurazioni SpA, to “BBB+” from “BBB.” The outlook on the two companies …
The ACE European Group has announced some changes to its Continental European country management with immediate effect, as follows: Jeff Moghrabi is to assume the role of Country Manager for ACE France, replacing Olivier Muraire. He will relocate to ACE’s …
Risk Management Solutions has launched an extensive new model for earthquake risk in Europe, which it believes is the “most comprehensive model of its type.” It covers Austria, Belgium, Germany, Italy and Switzerland, as well as Liechtenstein and Monaco. “The …
Standard & Poor’s Ratings Services has assigned its “AA” long-term counterparty credit and insurer financial strength ratings to Generali IARD and Generali Vie, the main operating entities of the French holding company, Generali France (not rated). The outlook on both …
Standard & Poor’s Rating Services has published an analysis – “Two New Italian Laws Regarding Insurance Settlement And Distribution Set To Jolt Insurers” – which examines the impact they will have on motor claim settlements and insurance distribution. They “are …
Countrywide Insurance Group named Steve Cardinal president and chief operating officer of Countrywide Insurance Services. As a member of Countrywide Insurance Group’s executive team, Cardinal will oversee all aspects of Countrywide Insurance Services. He also will spearhead efforts to hire …
A.M. Best Co. has affirmed the financial strength rating of “B++” (Good) and the issuer credit rating (ICR) of “bbb” of Cyprus-based Alliance International Reinsurance Public Company Limited. The outlook for the FSR remains stable, and the outlook for the …
Countrywide Insurance Group named Steve Cardinal president and chief operating officer of Countrywide Insurance Services. As a member of Countrywide Insurance Group’s executive team, Cardinal will oversee all aspects of Countrywide Insurance Services. He also will spearhead efforts to hire …
Aspen Re, a subsidiary of Aspen Insurance Holding Limited, announced the launch of Aspen Re in Europe along with plans to open an office, to be based in Zurich, that will act as the hub for Aspen’s European reinsurance activity. …
