Netherlands News

ADP Claims Services Group Announces Agreement to Acquire ABZ

San Ramon, Calif.-based ADP Claims Services Group, a division of Automatic Data Processing Inc. has entered into a definitive agreement to acquire ABZ Group B.V., a privately held company in the Netherlands, Peter Op de Beeck, Division President, announced. The …

S&P Assigns Liberty Insurance Holdings Intercompany Pool Members ‘A’ Rating

Standard & Poor’s has assigned its ‘A’ counterparty credit and financial strength ratings to the nine companies that constitute the Liberty Insurance Holdings Intercompany Pool (LIH Pool, formerly known as the Peerless Intercompany Pool). The rating action reflects the strategic …

Ewald Kist to Retire as ING Chairman

Ewald Kist, an enthusiastic runner, will soon have more time to train for the next ING New York City Marathon. He will be 60 next year, and the Netherlands-based Company announced that on reaching that milestone he will retire from …

ING Group Reports $3.54 Billion Nine Month Profit

2003 is looking more and more like a vintage year for European insurers, with the Netherlands ING Group reporting a nine month net profit of 3.012 billion euros ($3.54 billion). The Amsterdam-based international integrated financial services company posted an 11 …

Aegon Posts $533 Million Q3 Net Profit

Aegon N.V., the Netherlands-based financial group, announced that its third quarter net income was 464 million euros ($533 million), compared to 429 million euros ($493 million) in the third quarter of 2002. For the first nine months of the year …

FERMA Conference Highlights Risk Management Concerns

The second ever bi-annual conference of the Federation of European Risk Management Associations (FERMA), held Oct. 5 – 8 in Rome, Italy, featured presenters and workshops that highlighted both the similarities and the differences between the U.S. and the European …

FERMA Conference Highlights Risk Management Concerns

The second ever bi-annual conference of the Federation of European Risk Management Associations (FERMA), held Oct. 5 – 8 in Rome, Italy, featured presenters and workshops that highlighted both the similarities and the differences between the U.S. and the European …

FERMA Conference Highlights Risk Management Concerns

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 …

Report ING Fails in Attempt to Unfreeze $300 Million Held by Mexican Court

The Netherlands-based ING Group has reportedly failed in its attempt to unfreeze $300 million that has been in the hands of a Mexican court since the end of August. The court had ordered the seizure of the funds at the …

Fortis Plans IPO of U.S. Insurance Operations

Fortis, the international insurance and financial services group based in Belgium, announced its intention to proceed with an initial public offering of shares in its US insurance operations, including Fortis, Inc., which it said are “non-core.” A Company bulletin said …