ING Groep NV has put its roughly $775 million stake in Thailand’s TMB Bank Pcl on the block as the bailed-out Dutch financial services group pushes ahead with Asian divestments, sources familiar with the matter told Reuters. ING, which is …
Standard & Poor’s Ratings Services has revised its outlook on AEGON N.V. and its operating subsidiaries to stable from negative, and has affirmed the ‘AA-‘ long-term counterparty credit and insurer financial strength ratings on AEGON’s core subsidiaries and the ‘A-/A-2’ …
Specialty insurer Markel International is preparing to open a branch office in Rotterdam this September. It will be Markel’s first Dutch office. The new business will be called Markel International Netherlands, which follows the example of the company’s existing operations …
Dual Dutch-Norwegian listed ocean transport company Dockwise has warned the Netherlands it will sail its vessels under a different flag unless it is allowed private guards to fend off pirates. The company said in a statement on Tuesday it was …
Dutch financial services group ING said on Thursday it was on track to list its U.S., European and Asian insurance units and to divest other businesses to repay state aid. ING, which received €10 billion [$14.8832 billion] of state aid …
Lloyd’s described the opening of its new office in the Dutch port city of Rotterdam as “embracing its marine roots.” They go back over 300 years and Lloyd’s pointed out that it already has a “strong presence in the Netherlands, …
Dutch bancassurer ING outlined plans for the expected early repayment of state aid it received during the credit crunch, further evidence of the Dutch financial sector’s recovery from the crisis. ING said on Monday that by May 2011 it will …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Connecticut-based Beazley Insurance Company, Inc. (BICI), both with stable outlooks. These ratings reflect “BICI’s solid stand-alone risk-adjusted capitalization, in addition to …
California Insurance Commissioner Steve Poizner announced that the California Department of Insurance (CDI) has removed Royal Dutch Shell (Netherlands), Shell International Finance (Netherlands), Total SA (France), and Repsol YPF (Spain) from the CDI “List of Companies Doing Business with the …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of South Korea’s Dongbu Insurance Company, Ltd., both with stable outlooks. Best said the ratings reflect Dongbu’s “strong capitalization and favorable operating …
