The Netherlands AEGON has released details of its exposure to Lehman Brothers, following its filing for Chapter 11 bankruptcy protection in the US. AEGON said it “does not hold common equity in Lehman Brothers. During 2008, AEGON has actively lowered …
The United States is discussing with allies how insurance firms can more rigidly apply sanctions on Iran to step up pressure over its disputed nuclear program, a senior U.S. Treasury official said on Tuesday. Stuart Levey, Treasury undersecretary for terrorism …
Standard & Poor’s Ratings Services announced that its ratings and outlooks on ING Groep N.V. (currently ‘AA-‘ – Stable – ‘A-1+’) and related entities are unchanged following the publication of the Group’s second quarter results, which showed a 25 percent …
UK Flood Model Risk Management Solutions has released a major new upgrade to its U.K. Inland Flood Model. “The upgraded model will enable all segments of the insurance industry to drill down to a finer level of detail than ever …
Fortis said on Thursday that it plans to shore up its finances with measures worth more than €8 billion ($12.56 billion), including issuing new shares, hitting its stock on dilution worries. The Belgian-Dutch financial services group said it would issue …
Marsh announced the appointment of Jeff Colburn as UK Leader of its Risk Consulting Practice in succession to George Davies, who has become Head of Marsh UK’s Risk Management Practice (See IJ web site – https://www.insurancejournal.com/news/international/2008/06/17/91035.htm). He will be based …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Bermuda-based Through Transport Mutual Insurance Association Limited (TTB) and its wholly owned subsidiary, the UK-based TT Club Mutual Insurance …
Bermuda-based PartnerRe has announced the following executive changes in its Global (Non-U.S.) Operations: — Emmanuel Clarke has been named as Head of Specialty Lines, Global, effective Sept. 1, 2008. — He succeeeds Kurt Angst, who will retire in December 2008 …
Zurich Financial Services Group announced that Markus Hongler, currently CEO of Zurich Switzerland, has been appointed CEO of Zurich Insurance Ireland Limited (ZIIL), Zurich’s main EU-wide risk carrier for general insurance. The appointment will become effective January 1, 2009, in …
Aon Re Global has named Jan-Oliver Thofern as the new CEO and Chairman of its German subsidiary, Aon Ruck, the largest reinsurance broker in the country. He was previously a member of the Company’s Executive Committee. Thofern succeeds former CEO …
