The second bi-annual conference of the Federation of European Risk Management Associations, which wrapped up proceedings on Wednesday in Rome, featured presenters and workshops that highlighted both the similarities and the differences in the U.S. and the European approach to …
Standard & Poor’s has affirmed its ‘A’ long-term counterparty credit and insurer financial strength ratings on French mutual insurance group Caisse Centrale des Assurances Mutuelles Agricoles (Groupama). The outlook on both ratings is stable. “The ratings reflect Groupama’s strong business …
The entire Italian Peninsula from Venice to Sicily was plunged into darkness early Saturday morning by a massive power failure that knocked out the national electrical grid, stranding travelers, creating chaos in the streets and largely bringing the country to …
Zurich Financial Services announced that it has agreed to sell its French life business, including its Eagle Star operations and parts of its non-life operations in the consumer and commercial segments, distributed by agents in France, to Italy’s Assicurazioni Generali …
Due to the significant number of ratings announcements released recently, the IJ offers the following summary of actions taken by the rating agencies indicated. More complete information can be obtained directly from the agencies. Standard & Poor’s has lowered its …
Arch Reinsurance Ltd., a subsidiary of Arch Capital Group Ltd., announced the appointment of Dr. Riccardo Nicolini as European Marketing Representative based in Trieste, Italy. His role will be to “develop the European property, casualty and specialty market for Arch …
New York’s Superintendent of Insurance Gregory V. Serio announced that the deadline for Holocaust survivors and their heirs to file insurance claims with the International Commission on Holocaust Era Insurance Claims (ICHEIC) in order to obtain benefits from any Holocaust-era …
Computer Sciences Corporation, based in El Segundo CA, and ri3k, the U.K.-based global reinsurance infrastructure provider, announced that they have successfully completed an integration project between CSC’s recently launched SICS/nt 3.0 reinsurance administration system and the ri3k Hub, which directs …
Standard & Poor’s Ratings Services said it affirmed its ‘A+’ long-term counterparty credit and insurer financial strength ratings on Italy-based insurer Lloyd Adriatico SpA (LA), following a review. The outlook is negative. “The ratings reflect the company’s strategic importance to …
Standard & Poor’s Ratings Services said it revised its outlook on Italy-based marine insurer UMS Generali Marine SpA (UMS) to positive from stable. At the same time, S&P affirmed its ‘A-‘ long-term counterparty credit and insurer financial strength ratings on …
