GAO Study Explores Examples of How Public-Private Insurance Partnerships Operate A new U.S. government report indicates that the private U.S. insurance industry would be placed under enormous strain without government intervention if there were a major terrorist or catastrophic event …
Assicurazioni Generali SpA, Italy’s largest insurer, announced strong results for 2004 with net profits of 1.315 billion euros ($1.692 billion), slightly ahead of estimates and gross premiums of 56.3 billion euros ($72.47 billion) with a combined ratio of 100.9 percent. …
Mario Greco announced his resignation as Chairman of the Board of Management of Italian insurer Riunione Adriatica di Sicurtà S.p.A. (RAS). The company’s majority shareholder is Germany’s Allianz AG, which holds a 55.5 percent stake. An announcement on the Allianz …
A new U.S. government report indicates that the private U.S. insurance industry would be placed under enormous strain without government intervention if there were a major terrorist or catastrophic event or series of events. It also finds that the U.S. …
According to news reports, from the Associated Press, Reuters and other sources, Germany’s Cartel Office has levied fines totaling 130 million euros ($170 million) against 10 companies charged with having colluded to increase industrial insurance premiums on general insurance and …
Only two thirds of leading European companies operate a democratic policy of one-share one-vote, according to a study prepared for the Association of British Insurers (ABI) by Deminor Rating, a Brussels-based corporate governance consultant. The study, which examined the capital …
AIR Worldwide Corp. (AIR) announced its Mediterranean Region Earthquake Model is now available in its detailed risk modeling software system, CLASIC/2. The update enables European primary insurers, brokers, and reinsurers to more accurately estimate earthquake losses by incorporating risk specific …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) and assigned an issuer credit rating of “aa-” to Italy’s largest insurer Assicurazioni Generali S.p.A. Best also affirmed the ratings of debt instruments issued or …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of Italy’s Società Cattolica di Assicurazione Coop. a R. L. with a stable outlook. “The rating reflects Cattolica’s prospective excellent risk-adjusted capitalisation, excellent operating performance …
Germany’s Allianz announced that it has been providing “on the ground” support to customers in Phuket, Thailand, the popular tourist island which was hit by the tsunamis that devastated Southeast Asia. “When Allianz in Thailand heard of the tsunami on …
