Germany’s Allianz announced that the Boards of Directors of its Italian subsidiary companies, RAS, Lloyd Adriatico and Allianz Subalpina, have adopted a project to integrate their Italian operations. “Integration will be achieved through the creation of a single company, Allianz …
One year ago, Olympic gold medal speedskater Casey FitzRandolph was headed for the 2006 Winter Olympics in Turino, Italy as the defending champion in the 500 meters long track event. Today, the 32-year-old Wisconsinite is a first-time dad beginning a …
Warning that “European businesses face uninsurable environmental impairment risks,” the Federation of European Risk Management Associations (FERMA) called on insurers to be less “risk averse.” It urged members to “develop products that will allow businesses to protect themselves against new …
The insurance industry needs to improve its customer retention strategies, because a satisfied customer isn’t always a loyal one, according to the World Insurance Report, an international study of more than 10,000 insurance customers, insurers and distributors. The study, released …
Report: Customer satisfaction doesn’t guarantee loyalty The insurance industry needs to improve its customer retention strategies, because a satisfied customer isn’t always a loyal one, according to the World Insurance Report, an international study of more than 10,000 insurance customers, …
Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on Italy’s composite insurer Società Cattolica di Assicurazione to “A-” from “A” and removed them from CreditWatch, where they had been …
Standard & Poor’s Ratings Services has assigned its preliminary “A”‘ junior subordinated debt rating to the proposed perpetual, subordinated, fixed/floating-rate step-up notes to be issued by Generali Finance B.V. (not rated) and unconditionally and irrevocably guaranteed by Italy’s Assicurazioni Generali …
Zurich Financial Services Group announced that its subsidiary, Zurich Insurance Ireland Limited (ZIIL), which functions as an EU-wide risk carrier for Zurich’s general insurance business, has opened branches in Belgium and Italy. ZIIL now operates in Belgium, Finland, France, Italy, …
Marsh & McLennan Companies Inc., the nation’s largest insurance broker, has selected a buyer for its Putnam Investments mutual funds and investment management division, according to a report last Friday. Marsh & McLennan had reached an “agreement in principle” to …
A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit ratings of “aa-” of German-based Allianz Societas Europaea (Allianz SE) and its subsidiaries. Best also affirmed the debt ratings of “aa-” on senior debt …
