Global broker Willis Group Holdings has been named the “2006 European Commercial Broker of the Year” for the second consecutive year. The award was presented as part of the annual European Risk Management Awards conducted by StrategicRISK. It’s determined by …
PMI Mortgage Insurance Company Limited (PMI Europe), the European mortgage insurance and credit enhancement subsidiary of The Calif.-based PMI Group, Inc., announced the appointment of Mr. Andrea Giorio as its new Country Manager for Italy. He will be responsible for …
It takes only a brief glance through a newspaper in the United States to see that multimillion dollar jury awards have become a fact of life in products liability cases. But U.S. companies doing business overseas need to be aware …
The Federation of European Risk Management Associations (FERMA) noted that over 460 risk managers across Europe have responded to its 2006 benchmarking survey, conducted in co-operation with Ernst & Young and AXA Corporate Solutions. “Toluna, an independent, online market research …
Standard & Poor’s Ratings Services announced several rating actions concerning French reinsurer SCOR. S&P said it has assigned an indicative “A-” long-term insurer financial strength rating to proposed Paris-based non-life reinsurer SCOR Global P&C S.A. At the same time, S&P …
U.S. tort costs reached a record $260 billion in 2004, or approximately $886 per person, according to the U.S. Tort Costs and Cross-Border Perspectives: 2005 Update from the Tillinghast business of Towers Perrin. This surpassed the previous record set in …
A Philadelphia insurance agent and a Chicago bakery owner, both newly elected to Italy’s parliament, say Italians living abroad should gain new recognition now that they for the first time have their own representatives. “I hope Italians get to know …
Lloyd’s and Markel International have joined forces to tell Italian businesses what the London market can offer. A bulletin on the Lloyd’s Website (www.lloyds.com) notes: “A road show was held in Rome and Milan to introduce Italian producers to the …
Italy’s Generali Group posted strong 2005 results with consolidated profits rising to €1.9186 billion ($2.3096 billion) up 15.2 percent from the €1.6658 billion ($2.005 billion) it earned ion 2004. Other highlights cited in the Groups earnings report included the following: …
Munich Re AG, the world’s largest reinsurer by gross premiums, said Tuesday its fourth-quarter profit quadrupled and its annual earnings rose despite the furious series of hurricanes that struck the Gulf of Mexico last year. The company said its sale …
