Netherlands News

S&P Affirms Eureko ‘BBB+’ Ratings

Standard & Poor’s Ratings Services announced that that its “BBB+”-outlook negative – ratings on Netherlands-based insurance group Eureko B.V. are unaffected by the group’s announcement of an agreement with Friends Provident PLC to combine their asset management activities. “The negative …

ING Signs Global Contract with NetEconomy to Combat Money Laundering Activities

The Netherlands’ ING Group announced that it has signed an exclusive global contract with NetEconomy, a leader in real-time enterprise risk monitoring solutions for the finance industry, to roll-out a worldwide effort to combat money laundering and ensure compliance. “The …

Lloyd’s Inks IT Deal with Unisys

Lloyd’s has signed a five-year infrastructure management services agreement with global IT company Unisys worth an estimated $17 million. The service provider will support around 1,400 desktops and 200 servers. Under a separate contract, Lloyd’s purchased two Unisys ES7000 servers …

Fortis and ING Celebrate Louisiana Purchase 200th Anniversary Bond Transaction

The Netherlands’ ING Group and Belgium’s Fortis have issued a joint bulletin celebrating the 200th anniversary of the bond issue that enabled the U.S. to complete the Louisiana Purchase from France. The Purchase, which effectively increased U.S. territory by more …

Akzo’s Nobilas to Acquire Aon’s UK Auto Repair Unit

The Netherlands’ Akzo Nobel announced that its Nobilas Claims & Fleet solutions business has agreed to acquire the UK-based Aon Motor Accident Management company (AMAM), which it described as “the number one automotive service provider in the world.” No financial …

EU Expands to 25 Countries

May first marked the most important expansion of the European Union in its 50 year history, as 10 countries joined the 15 existing members to create an economic block of 455 million people stretching from the Western shores of Ireland …

Aegon Reports 16% 2003 Profit Rise to $2.187 Billion

Aegon, the Netherlands’ insurer and financial services giant, reported fourth quarter net income rose 32 percent to 470 million euros ($573 million), while full year earnings rose 16 percent to 1.793 billion euros ($2.187 billion). In 2002 Aegon earned 355 …

SEC Investigating ING, Aegon for Market Timing

The Securities and Exchange Commission has launched a probe into possible market timing related violations by The Netherlands two insurance and financial services giants ING Group and Aegon. According to news reports from Reuters and Dow Jones Newswires, the two …

Stephen Haney New VP of ACE Surety

ACE Surety, a division of ACE Diversified Risk, announced the appointment of Stephen Haney as Vice President with overall responsibility for managing the ACE USA and ACE Canada Surety Operations. “ACE Surety is the division within ACE Diversified Risk that …

Holland’s Actuac, Japan’s IIC Partners Join Milliman Global

Seattle-based Milliman Global, an organization of independent, international consulting firms, announced that the Netherlands’ Actuac and Japan’s IIC Partners have joined its roster of international consulting associates. “Each firm is a leading employee benefits consultancy in its respective market,” said …