A.M. Best Co. has placed the ratings of Muenchener Rueckversicherungs-Gesellschaft (Munich Re) (Germany) and its rated subsidiaries under review with negative implications. These rating actions follow Munich Re’s recent announcement that it is reviewing American Re’s reserve position and A.M. …
While most of Scotland braces for the upcoming G8 summit in Edinburgh, some 100 or so triathletes have a different concern. They’re scheduled to compete in a triathlon around and in Scotland’s legendary Loch Ness on July 23, and they’re …
Days after the U.S. Treasury issued its report downplaying the need for renewal of a federal terrorism risk reinsurance program, an organization of 30 democratic countries including the U.S. has warned of shortfalls in terrorism coverage around the world. Nearly …
Dublin-based Research and Markets has announced the addition of “Bancassurance in the 21st Century: Global Opportunities to Maximize Revenues” to their offering. R&M’s bulletin noted that “through a series of mergers, takeovers and joint ventures between banks and insurance companies, …
Commerce Insurance Services, a wholly-owned subsidiary of Commerce Bancorp, Inc., has entered into an agreement to acquire BK International Insurance Brokers, Ltd., headquartered in Greenwich, Connecticut. The acquisition will complement Commerce Bank’s expansion into Connecticut, where it will open its …
The Federation of European Risk Management Associations (FERMA) has been taking an increasingly active role in supporting the efforts of the European Commission to expand the use of risk management techniques in the European Union and other countries. FERMA’s Executive …
One would have thought that the crisis in the European Union, provoked when French and Dutch voters rejected the proposed EU Constitution, might have caused a bit of soul-searching and reassessment on the part of Europe’s leaders. One would be …
Europe’s biggest ever cross-border banking merger moved a step closer over the weekend, as Munich Re announced that it seemed set to approve the offer from UniCredit, Italy’s largest bank, to acquire Germany’s HypoVereinsbank (HVB) in an all share deal. …
Ever since the French and the Dutch rejected the proposed European Constitution (See IJ Web site May 30 and June 2), the common currency, the euro, shared by 12 EU member nations, has been having difficulties. It has declined by …
A.M. Best Co. and Standard & Poor’s Ratings Services have assigned an “a+” and an “AA-” senior unsecured debt rating respectively to the 500 million euro ($653.4 million) notes due in 2015 launched by Generali Finance B.V. of the Netherlands. …
