A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of the U.K.’s Sunderland Marine Mutual Insurance Company Limited (SMMI), with a stable outlook. “The rating reflects the company’s excellent capital position on a risk-adjusted …
Standard & Poor’s Ratings Services announced it revised the outlook on all entities of the Netherlands-based Eureko insurance group (Eureko) to negative from stable. At the same time, S&P affirmed its ratings on the group, including its “A+” long-term counterparty …
Zurich Financial Services announced that it has agreed to sell its French life business, including its Eagle Star operations and parts of its non-life operations in the consumer and commercial segments, distributed by agents in France, to Italy’s Assicurazioni Generali …
ING, the Netherlands-based insurer and financial services company, which controls Comercial America, Mexico’s largest insurer, has been hit by a court order in the state of Morelos, ordering a freeze on the company’s assets and the arrest of several of …
The International Insurance Society’s 39th Annual Seminar, held at New York’s Waldorf Astoria Hotel, last month, differs from other big insurance gatherings. It brings together CEO’s, top managers, academics and executives from the big four accounting firms, to discuss the …
The International Insurance Society’s 39th Annual Seminar, held in July at New York’s Waldorf Astoria Hotel—differs from other big insurance gatherings. It brings together CEO’s, top managers, academics and executives from the big four accounting firms, to discuss the current …
The Netherlands ING Group, one of the world’s largest integrated financial services companies, reported operating net profit of U.S. $2,362 million/EUR 2,068 million for the first six months of 2003, a 6.4 percent increase over the same period in 2002. …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘A’ counterparty credit and insurer financial strength ratings on the core operating entities of Germany-based insurance group, Gerling NCM Credit and Finance AG (collectively Gerling NCM) with a stable …
AGF Belgium, a member of Germany’s Allianz Group, announced that it will sell its banking Unit to ING Belgium, a subsidiary of the Netherlands’ ING Group “in order to refocus on its core business.” The announcement did not indicate the …
The International Insurance Society’s 39th Annual Seminar, held at New York’s Waldorf Astoria Hotel, concluded yesterday with a gala dinner at the United Nations. Attendees heard CEO’s and top managers from the four corners of the world express their views …
