Aegon, the Netherlands second biggest insurer and financial services company, announced that it has reached an agreement with its largest shareholder, Vereniging AEGON (the Association), providing for the sale of 350 million shares, which is projected to raise around £2 …
Aegon, the Netherlands-based insurer and financial services giant, confirmed that it is “in discussions with its major shareholder Vereniging AEGON (the Association) about a financial restructuring which may result in a realignment of the Association’s interest in the company.” The …
Ireland’s FINEOS Corp., which conducts business in the U.S. from Portland Maine, announced that it has agreed to supply Delta Lloyd in the Netherlands, a division of the U.K. ‘s AVIVA plc (formerly CGNU), with its “multi-channel intake and claims …
ING announced that Diederik Laman Trip will become the new Chairman of the Management Committee Netherlands as of 1 January 2003, succeeding Durk Brands who’s retiring. “Laman Trip has been a Member of the Executive Committee ING Europe since 1 …
Holland’s ING Group announced Friday that Peter Gloystein, a member of the Executive Committee of ING Europe, has decided to leave the Group at the end of August. The company stated that he was leaving “by mutual agreement,” due to …
California-based Risk Management Solutions (RMS) has expanded its catastrophe modeling capabilities to include windstorm risk in Ireland and Sweden, and earthquake risk in Turkey and the Philippines. The expansion brings the total number of territories in the RMS suite of …
In the latest triumph of marketing hype over common sense, CGNU, the U.K.’s largest insurer, officially recommenced life on Monday as Aviva Plc. CEO Richard Harvey, who first proposed the change last February, has indicated that it will give the …
Standard & Poor’s has affirmed its double-‘A’-plus counterparty credit and insurer financial strength ratings on ING Re (Netherlands) N.V. with a negative outlook, following its annual review of the company. S&P described ING Re as being “a core operating entity …
Standard & Poor’s announced that it has affirmed all its ratings, including its double-‘A’-minus long-term and its ‘A-1’-plus short-term counterparty credit ratings, on AEGON N.V., the holding company for the Netherlands-based AEGON Group. S&P noted that the AEGON group now …
The Netherlands ING Group reported a 0.4 percent increase in net profit for the first quarter of 2002 compared to the same period in 2001, to €1.136 billion ($1.05 billion), the figure also represents a 19.8 percent increase over the …
