Swiss Re will transfer its 90 percent ownership interest in Holland’s NCM Group to Germany’s Gerling Credit, which will combine the two companies as Gerling NCM Credit and Finance AG. It will have approximately 25 percent of the global market …
Friends Provident ended its 169 years as a mutual insurer with a successful public offering on the London Stock Exchange which raised an estimated £3.8 billion ($5.3 billion). The newly investor owned company’s shares were priced at 225 pence ($3.15), …
Newspaper reports indicate that Britain’s Royal & Sun Alliance is on the verge of completing a £2 billion ($2.8 billion) deal to sell its life and pension units, but different potential buyers are named, and so far the company has …
Newark, California-based Risk Management Solutions has released “two comprehensive data products designed to quantify the risks associated with European windstorms.” The heavy losses, $14.4 billion ($7.8 billion insured), caused by the storms Lothar and Martin at the end of 1999 …
Eureko, the insurance consortium based in The Netherlands, has agreed to purchase an additional 54.38 percent of the shares of Greek life insurance and investment management company Interamerican at a base price of € 19.81 per share ($ 17.03). It …
The St. Paul Companies’ reinsurance unit, St. Paul Re, joined the inreon platform, launched last December by Munich Re and Swiss Re, to offer reinsurance products online. Initially, St. Paul Re will provide capacity for European facultative property risks supported …
The St. Paul Companies’ reinsurance unit, St. Paul Re, has joined the inreon platform, launched last December by Munich Re and Swiss Re, to offer reinsurance products on-line. “Initially, St. Paul Re is providing capacity for European facultative property risks …
Zurich North America plans to expand its HR Care service to mid-sized privately-held companies. The risk management tool will be available free of charge to mid-sized private companies that purchase Zurich Private Solutions, which offers both directors & officers and …
Farmers in Britain and continental Europe are facing extremely serious consequences following the outbreak of the highly contagious foot-and-mouth disease in the U.K. Herds of cattle, sheep and pigs have been slaughtered and burned in 11 different farming regions. On …
XL Capital Ltd has agreed to purchase Winterthur International from Winterthur Insurance, a subsidiary of the Credit Suisse Group. The all-cash transaction is valued at approximately $600 million and will be funded by XL out of current resources. Winterthur International …
