As scenes of utter devastation played across the world’s television screens, local authorities and volunteer rescue workers continued the grim job of collecting and burying the bodies of the victims who perished in the massive onslaught of tidal waves in …
At a recent meeting the supervisory board of Allianz AG announced that it has accepted the decision of Detlev Bremkamp (60) to retire by the end of 2005. It also announced the appointment of Mario Greco (45) to the Allianz …
According to a recent e-mail survey, conducted by the Federation of European Risk Management Associations (FERMA), risk managers and their associations have long questioned how brokers are compensated. FERMA queried the members of its Forum 2005 committee to find out …
A day after Muenchener Rueckversicherungs-Gesellschaft (Munich Re) reported good third quarter and nine-month earnings (See IJ Web site Nov. 9), A.M. Best Co. announced that it has affirmed its “A+” (Superior) financial strength rating on the company and its core …
Zurich Financial Services Group (ZFS) announced the appointment of Geoff Riddell (48) and Dieter Wemmer (47) to the Group Executive Committee effective immediately. Riddell will continue to serve as CEO of Zurich’s Global Corporate Business, the position he has held …
A.M. Best Co. announced that it has assigned a financial strength rating of “A+” (Superior) and an issuer credit rating of “aa-” to the core companies of the U.K.’s Aviva Group. Best also assigned an issuer credit rating of “a” …
A federal judge on Thursday tossed out 20 lawsuits accusing an insurance company of not paying benefits to victims of the Holocaust. U.S. District Judge Michael Mukasey claimed the lawsuits are pre-empted by the U.S. government’s policy of attempting to …
A California lawyer who attempted to sink his $1.9 million yacht will continue to serve jail time after a federal appeals court upheld his conviction, according to the Associated Press. Rex DeGeorge was convicted in March 2002 in Los Angeles …
A study, released at the Reinsurance Rendezvous in Monte Carlo, has concluded that “the vast majority of European insurers (85 percent) feel well prepared for the next market cycle.” The survey, commissioned by The Insurance Leadership Institute of GE Insurance …
A.M. Best Co. announced that it has affirmed the financial strength ratings of “A” (Excellent) of Swiss-based Zurich Financial Services Group (ZFS) and its core subsidiaries. It has also assigned an issuer credit rating (ICR) of “a” to each of …
