Standard & Poor’s Ratings Services announced that it has assigned its “BBB+” insurer financial strength and long-term counterparty credit ratings to ING General Insurance Co. Ltd. (ING GIHK) with a stable outlook. “The ratings reflect the company’s strong and consistent …
Cat bonds seem to be enjoying something of a revival in Europe, largely as a response to increased windstorm and flood losses, as well as the passage of Hurricane Katrina. Munich Re recently increased its commitment to risk management through …
The insurance division of the Omni Whittington Group is to demerge and will benefit from a major injection of expansion capital. A new holding company, Whittington Group Pte Limited, will be domiciled in Singapore with net assets of more than …
Paris: Somber, gray leaden skies cover Paris, as dignitaries gather to commemorate the 87th anniversary of the end of what the French call La Grande Guerre. The weather matches France’s somber mood at the moment, following the recent riots. Nevertheless …
Standard & Poor’s Ratings Services announced that it has withdrawn its “A” long-term counterparty credit and insurer financial strength ratings on German-based insurer Atradius Kreditversicherung AG and Luxembourg-based reinsurer Atradius Re S.A., at the request of management. S&P also withdrew …
Royal & Sun Alliance Insurance Group PLC announced the acquisition of Chile’s leading general insurance business Compañia de Seguros Generales Cruz del Sur S.A. and its Argentinean sister company La República Compañía Argentina de Seguros Generales S.A. for $119 million …
Wisconsin-native Mark Fiebrink, an executive vice president for the Liberty Mutual Group, was named president and chief operating officer of Wausau Insurance. Fiebrink replaces Joe Gilles, who will assume a new leadership role within the Boston- based Liberty Mutual Group. …
Harleysville Group Inc. has appointed Robert G. Whitlock Jr. as senior vice president and chief underwriting officer. He will assume senior management responsibility for Harleysville’s commercial lines and personal lines underwriting operations, along with its reinsurance organization. The Pennsylvania-based company …
Extreme Weather Hits Europe: Devastating wild fires in Portugal; torrential rains in Switzerland, Austria, Germany and Romania; drought in much of France. There seems to be no end to the list of extreme weather conditions that have hit Europe in …
Robert G. Whitlock Harleysville Group Inc. has appointed Robert G. Whitlock Jr. as senior vice president and chief underwriting officer. He will assume senior management responsibility for Harleysville’s commercial lines and personal lines underwriting operations, along with its reinsurance organization. …
