Regardless of whether or not the U.S. Federal Government authorizes an extension to TRIA (Terrorism Risk Insurance Act) beyond the end of this year, terrorism remains a very real threat and should not be ignored. According to Aon’s 2005 Terrorism …
The Netherlands ING Group announced that it has closed its transaction to sell ING Chile’s property & casualty insurance operation, ING Seguros Generales, to Boston-based Liberty Mutual Group. The sale was originally concluded in March (See IJ Website March 22, …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of ING Comercial America (ING CA) and its wholly owned subsidiary, ING Comercial America Fianzas (both of Mexico City, Mexico). The rating outlook is stable. The rating reflects …
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 …
The Netherlands’ ING Group announced that it has signed an agreement to sell ING Chile’s property & casualty insurance operation, ING Seguros Generales, to the Boston-based Liberty Mutual Group. Financial details of the transaction were not disclosed. ING said the …
The Netherlands-based Eureko group announced record profits for 2004. Consolidated net income, which includes capital gains, rose to 1.153 billion euros ($1.54 billion), while net income excluding capital gains doubled to 486 million euros ($650 million) from 243 million euros …
Certain events mark each generation, but as the scope of the disaster that struck 12 countries around the Indian Ocean on Dec. 26 emerges, it has become evident that it will haunt not just the present generation, but many future …
Standard & Poor’s Ratings Services announced that it has revised its outlook on all entities of the Netherlands-based Eureko insurance group to stable from negative. At the same time, S&P said it has affirmed its “A+” long-term counterparty credit and …
Although asbestos was used in such disparate products as building insulation and brake linings, in its raw form it came out the ground, and nobody in Australia mined and processed more of it than the James Hardie group. Therefore it …
Standard & Poor’s Ratings Services announced that it has assigned its ‘AAA’ financial strength rating and a stable outlook to AIG Europe (Netherlands) N.V. According to S&P credit analyst Grace Osborne, the rating is based on explicit support in the …
