The Netherlands ING Group has sold 36 million shares, about 1.8 percent of the total outstanding, at approximately 18.50 Euros per share, raising around $666 million in additional capital. (The dollar and the Euro are currently of equal value) The …
Aon Corp. announced that company employees who participated in the October 13 Chicago Marathon and the November 3 New York Marathon to support the Aon Memorial Education Fund had raised over $190,000. “Over 120 runners from the US, Canada, Netherlands …
California-based Risk Management Solutions Inc. (RMS), announced that the windstorm, designated Jeanett, which has hit the U.K., France, and the rest of northern Europe in late October, could cause up to 1 billion Euros ($983 million) in damages. The storm, …
inreon, the Internet-based reinsurance trading platform announced that German broker Koenig & Reeker has become its 100th member. The company joins 81 other cedants and brokers from 17 countries across Asia, North America and Europe that have signed membership agreements …
Aegon NV, the Netherlands giant insurer and financial services group, beat analysts’ expectations for the third quarter as it recorded a net profit 429 million Euros [the Euro is currently trading at parity with the dollar], a drop of 28 …
Risk Management Solutions, Inc. (RMS) has updated its estimate of damages and insured losses from Windstorm Jeanette, originally released on Oct. 30. RMS now estimates that total damages from the storm, which impacted northern Europe on Oct. 27 and 28, …
California-based Risk Management Solutions, Inc. (RMS), announced that the windstorm, designated Jeanett, which has hit the U.K., France, and the rest of northern Europe over the last several days may cause up to 1 billion Euros ($983 million) in damages. …
The ongoing dispute between Eureko, the Pan-European insurance consortium, and Poland’s Treasury Minister Wieslaw Kaczmarek over the control of Powszechny Zaklad Ubezpieczen (PZU) has been submitted to formal arbitration proceedings before an international tribunal in Stockholm. The conflict, which has …
Standard & Poor’s has lowered its ratings on the Netherlands-based Eureko insurance group to single-‘A’-plus from double-‘A’-minus, while A.M. Best announced that it has lowered its ratings on Gerling-Konzern Globale Ruckversicherung AG (GKG) to B++ (Very Good) from A- (Excellent) …
The Netherlands insurer and financial services company AEGON N.V. and its largest shareholder Vereniging AEGON (the “Association”) announced the placement of 350 million existing AEGON common shares at an offering price of €10.00 per bearer share and $ 9.71 per …
