Massachusetts-based Xcipio, announced that Burns, Brooks & McNeil, headquartered in Torrington, CT, one of New England’s largest independent insurance agencies, has implemented its XcelerRator(TM) system “to provide the company and its six branch offices with web-based, single-entry access to multiple …
Standard & Poor’s Ratings Services announced that it has removed from CreditWatch and affirmed its ‘A+’ long-term counterparty credit and insurer financial strength ratings on the core operating entities of the Netherlands-based Eureko insurance group. In a related move the …
California-based Risk Management Solutions, Inc., one of the world’s leading providers of products and services for catastrophe risk management, announced that it has released an in-depth study, “revealing the costs to the U.K. insurance industry if an event were to …
The Netherlands ING Groep N.V. announced that it has appointed Jacques Kemp as chief executive for the Asia-Pacific region, succeeding Phil Shirriff who is retiring from the post at the end of March. “Kemp joined the executive committee of ING …
Holland’s ING Group, one of the world’s largest providers of insurance and financial services, has announced plans to implement a number of changes in its corporate governance structure. “The new proposals aim at a balanced corporate-governance structure with more influence …
Standard & Poor’s announced that it has removed from CreditWatch and affirmed its ‘BBB+’ long-term counterparty credit and insurer financial strength ratings on the operating entities of the Portugal-based insurance group Seguros e Pensoes (SeP)–including Ocidental Companhia Portuguesa de Seguros …
A.M. Best Co. has affirmed its “Superior” ratings on two of France’s largest general insurers. Yesterday it confirmed the A++ (Superior) rating of Assurances Generales de France (AGF), but kept it under review with “negative implications,” and also affirmed Groupama’s …
The Netherlands ING Group announced that it has reached an agreement with Guardian Holdings Limited (GHL) of Trinidad and Tobago to sell its Fatum operations, a group that handles life, non- life and health insurance in the Netherlands Antilles and …
Many European insurers, including the two largest companies, Germany’s Allianz and France’s AXA, may be hanging “For Sale” signs on some of their operations in order to restore their battered finances. The total amount of properties on offer could top …
According to the Wall Street Journal, the shares of European insurance companies, which have been one of the most depressed sectors of the global equity markets, are due for a rally. The WSJ cited recent moves by the companies to …
