Italy News

S&P Foresees More Europe M&A’s; Teleconference Today-Details

A new report from Standard & Poor’s Equity Research – European Investment Outlook – Riding A Wave Of Volatility – foresees the volume of mergers and acquisition in Europe exceeding the €1.3 trillion [$1.7 trillion] generated by the end of …

Allianz Group Releases Preliminary Q3, 9 Month Results

Germany’s Allianz SE posted its preliminary results for the third quarter of 2006, prior to the official release Nov. 10. Net income for the period doubled to €1.6 billion ($2.032 billion), while total revenues were €22.6 billion ($2807 billion), slightly …

People and Places

The Society of Chartered Property Casualty Underwriters elected new officers and governors. They are: President Betsey L. Brewer, senior vice president of The Rule Co. in Pasadena, Calif. President-Elect James L. Britt, managing director of Marsh USA Inc. in Charlotte, …

People and Places

Pat Arthur, a partner in the Dallas insurance and risk management firm McQueary, Henry, Bowles, Troy, has been appointed president-elect of the Independent Insurance Agents of Dallas. He will be responsible for overseeing the day-to-day operations for the IIAD, in …

People Pat Arthur, a partner in the Dallas insurance and risk management firm McQueary, Henry, Bowles, Troy, has been appointed president-elect of the Independent Insurance Agents of Dallas. He will be responsible for overseeing the day-to-day operations for the IIAD, …

People

The Society of Chartered Property Casualty Underwriters elected new officers and governors. They are: President Betsey L. Brewer, senior vice president of The Rule Co. in Pasadena, Calif. President-Elect James L. Britt, managing director of Marsh USA Inc. in Charlotte, …

S&P: Some Ratings ‘Not Affected’ by Italy Downgrade

After Standard & Poor’s Ratings Services lowered its country ratings on Italy to “A+” from “AA-” it issued a supplementary bulletin that reaffirmed its ratings on three of the country’s largest insurers. S&P said that its ratings and outlook on …

CPCU Society Elects 2006-07 Officers, Governors

The CPCU Society elected new officers and governors during the CPCU Society’s 62nd Annual Meeting and Seminars in Nashville, TN, Sept. 9-12. These new positions are effective immediately. The following officers of the board have been officially elected: CPCU Society …

Allianz Reaches Agreement with RAS, Employees for SE Plan

Germany’s Allianz announced that it has reached an agreement with employee representatives of its Italian subsidiary RAS Holding S.p.A on “the future structure for the operational and corporate codetermination of Allianz SE.” The deal clears the way for Allianz to …

ACE Europe Appoints McConnachie Direct Marketing Director for A&H

ACE Europe announced the appointment of Iain McConnachie to the position of Direct Marketing Director for Europe within its Accident & Health division. He joins ACE’s European operation from Time Life Direct Entertainment where he was European Managing Director. McConnachie …