According to a newly issued special report from A.M. Best Co., European life insurers have experienced strong growth over the past few years, due to strong demand for unit-linked products, good investment conditions and the companies’ focus on selling capital …
In the wake of Hurricane Katrina’s devastation, the U.S. government failed to take advantage of millions of dollars in foreign aid from its allies, The Washington Post reported. The U.S. has collected about $126 million and used just $40 million …
Standard & Poor’s Ratings Services reacted to the announcement of the joint venture agreement between Ceska pojistovna a.s. (Ceska) and Italy’s Generali Group (See IJ web site April 27) by placing the Czech insurer’s “BBB” counterparty credit and insurer financial …
Italy’s Generali Group has concluded an agreement with PPF Group N.V., an international financial group, headquartered in Amsterdam, Netherlands, which is 95 percent controlled by Petr Kellner, a Czech entrepreneur with a strong track record of success. PPF Group in …
Testifying before the United States Senate Committee on Commerce, Science and Transportation on April 11, Arkansas Insurance Commissioner Julie Benafield Bowman, told lawmakers that insurance regulators have the dual responsibility of ensuring the solvency of insurance companies, and making sure …
Testifying before the United States Senate Committee on Commerce, Science and Transportation on April 11, Arkansas Insurance Commissioner Julie Benafield Bowman, told lawmakers that insurance regulators have the dual responsibility of ensuring the solvency of insurance companies, and making sure …
Arkansas Insurance Commissioner Julie Benafield Bowman testified before the United States Senate Committee on Commerce, Science and Transportation on April 11 on the overall state of the property/casualty insurance market and its regulatory landscape. Speaking in support of state-based insurance …
AXA SA, France’s largest insurer, said Friday it agreed to buy half of Banca Monte dei Paschi di Siena SpA’s insurance and pensions unit for €1.15 billion ($1.54 billion) in cash. The transaction will be funded with existing cash resources, …
The threat of the bird flu virus mutating into a strain capable of causing a pandemic intensifies amidst a growing number of outbreaks and human cases in different parts of the world. Since 2003, a total of 168 people have …
When it comes to crime, the Internet is like a Swiss Army knife—a multi-purpose tool that’s easy to use and highly versatile. That’s made clear, says the FBI, by the 2006 annual report just issued by its Internet Crime Complaint …
