Fortune magazine has named Sweden’s Skandia as one of the one of the ten “greatest workplaces” in Europe, following a survey of journalists, securities analysts, business school professors, consultants and university students. Fortune has been publishing yearly lists of America’s …
The Netherlands AEGON N.V. has agreed to sell its minority partnership interests in two Mexican companies to Citigroup’s Mexican subsidiary Grupo Financiero Banamex for $1.24 billion. The sale of its stakes in life insurance business Seguros Banamex AEGON, and Afore …
Standard & Poor’s has affirmed its ratings on Holland’s ING GROEP N.V., its insurance operations ING Verzekeringen NV (INGV), ING Bank NV and other group subsidiaries. Long term ratings are double-‘A’-minus, and short term counterparty ratings single-‘A’-plus; however, S&P revised …
The sudden collapse of energy giant Enron will have global consequences for many banks and insurance companies who were involved in its energy trading and supply activities. Notably affected are insurers, who underwrote a large portion of the company’s debt …
Standard & Poor’s has affirmed its single-‘A’- minus counterparty credit and senior unsecured debt ratings on the Netherlands-based insurer Eureko B.V., and has rated its principle subsidiaries in Holland and Portugal as double-‘A’-minus; however, it revised its outlook from stable …
Aegon, the Dutch financial services group and parent company of Transamerica Corp., announced that an American, Donald Shepard, will succeed Kees Storm as Chairman when he retires next April. Shepard, who currently heads Aegon’s U.S. operations, has been associated with …
American International Group and the European insurance consortium Eureko Alliance have agreed to form a cooperative venture to market and service multinational employee benefits programs worldwide. They plan to establish a joint office in Zurich, Switzerland, and will establish joint …
ING, the Netherlands biggest insurance and financial services group, announced that it was cutting its full year operational net profit growth forecast from a 17 percent increase to just 5 percent. The company cited the downturn in the world economy …
The governments of the U.S., the U.K. and the European Union rode to the rescue of the airline industry over the weekend when they announced separate decisions to help carriers cope with increases in premiums covering war risks and terrorist …
Standard & Poor’s has affirmed its double-‘A’ counterparty credit and insurer financial strength ratings on the core operating companies of the CGNU Group, and removed Norwich Union Holdings from CreditWatch. The ratings, based on S&P’s analysis of changes that had …
