Standard & Poor’s Ratings Services has affirmed its long-term counterparty credit and insurer financial strength ratings on various operating insurance subsidiaries of ING Groep N.V. (ING) and its ‘A-/A-2’ counterparty credit ratings on Netherlands-based insurance holding company ING Verzekeringen N.V. …
A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable and affirmed the issuer credit rating (ICR) of “a-” of the UK-Based non-operating holding company, Aviva plc. Best also affirmed the financial strength rating (FSR) …
The Russian scientist shuffles across the frozen lake, scuffing aside ankle-deep snow until he finds a cluster of bubbles trapped under the ice. With a cigarette lighter in one hand and a knife in the other, he lances the ice …
Ten Somalis are going on trial in Hamburg on piracy charges for allegedly hijacking a German container ship earlier this year. The men face a possible 15 years in prison if convicted in the Hamburg state court on charges of …
Federal safety officials are calling on states to require all motorcycle riders to wear helmets, citing a surge in fatalities since the late 1990s. Motorcycle deaths have increased over the last decade even as other traffic fatalities have declined, the …
The United States is lagging behind nearly every other high-income country in reducing annual traffic fatalities, said a report released this week by a U.S. government research panel. There’s some good news: U.S. traffic fatalities fell 9.7 percent in 2009 …
Swiss Re’s Capital Markets Division has structured €275 million [$386 million] in notes as an alternative risk transfer vehicle, covering European windstorm events, for AXA Global P&C’s Calypso Capital Ltd., a special-purpose company incorporated in Dublin, Ireland. “The notes, which …
A.M. Best Europe – Rating Services Limited has placed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of the UK’s Brit Insurance Limited (BIL) and the ICR of “bbb” of Netherlands-based Brit Insurance Holdings …
Brit Insurance Holdings NV has accepted an offer to be made by Achilles, an investment vehicle under formation in the Netherlands, for the acquisition of the company’s shares. Brit, a Lloyd’s insurer, is domiciled in the Netherlands with its main …
According to a report from Marsh’s London office, “new insurance capacity, increased competition for business among insurers and improved risk management have led to positive developments for buyers of trade credit insurance across most of Europe in 2010, following two …
