June 8, 2007
Standard & Poor’s Ratings Services has assigned preliminary credit ratings to the €411.6 million ($551 million) asset-backed floating-rate notes to be issued by a French “fonds commun de créances (FCC), FCC SPARC Europe (Senior).” The transaction involves the securitization of …
June 5, 2007
France’s AXA Group has launched its second securitization of motor insurance risks based on individual motor policies underwritten by its German, Belgian, Italian and Spanish operations. AXA launched its first motor securitization for its French exposures in 2005 (See IJ …
June 5, 2007
A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa” of France’s Caisse Centrale de Reassurance (CCR) with a stable outlook. “The ratings reflect CCR’s unique position as the main reinsurer …
June 4, 2007
Chicago-based Aon Corp. reported that David P. Bolger, executive vice president, chief financial officer and chief administrative officer, will leave the company after the appointment of his successor. Bolger will remain with Aon while a search for his successor is …
June 4, 2007
Climate protection is a top priority for German Chancellor Angela Merkel at next week’s G-8 summit, but she said in an interview released Sunday she was skeptical that the world’s industrial leaders would agree on a concrete proposal for emissions …
June 4, 2007
People Chicago-based Aon Corp. reported that David P. Bolger, executive vice president, chief financial officer and chief administrative officer, will leave the company after the appointment of his successor. Bolger will remain with Aon while a search for his successor …
May 25, 2007
Guy Carpenter & Company, LLC, the global risk and reinsurance specialist of the Marsh & McLennan Companies has published a report on the “Recent Legislative and Judicial Trends in Continental Europe Affecting the Casualty Insurance Industry.” The report was authored …
May 21, 2007
Hull & Co. Inc. has announced the retirement of a longtime employee based at their Fort Lauderdale, Fla., branch. Ed Calabrese, president and chief operating officer will retire from the Florida-based wholesale broker and managing general agency on June 30 …
May 15, 2007
Dublin-based Research and Markets has added “Snapshots Italy Non-Life Insurance 2007” to their offering. The new report analyzes 2005 year-end market size data, with 2006 estimates, 4 years of historical data and five-year forecasts. “The Snapshots report gives an instant …
May 14, 2007
One of the added advantages of being a global company is the ability to market a global brand name. Last year the Zurich Financial Services Group launched a new a clever slogan – “Because Change Happenz.” Now the company is …