Ambassador Paul Bremer, who headed up the provisional government in Iraq, and Mikhail Gorbachev, the former Soviet leader whose policies are credited with ending the Cold War, will be the keynote speakers at the 91st annual Insurance Leadership Forum at …
Standard & Poor’s Ratings Services announced that it has assigned its ‘A-‘ long-term counterparty credit and insurer financial strength ratings to Denmark-based Tryg Forsikring A/S (Tryg) and Norway-based Vesta Forsikring AS (Vesta), core entities of the TrygVesta group (TVG), with …
California-based Computer Sciences Corporation has signed a five year, $30 million information technology [IT] outsourcing agreement with Norwegian insurer Vesta, a division of the Tryg Vesta Group, the second largest general insurer in the Nordic countries. The new agreement follows …
Marine insurance suffered its worst year on record in 2002, and while 2003 showed some minor improvement, it too suffered more that its fair share of catastrophes. The most notable of catastrophes in the marine marketplace for 2003 included an …
Standard & Poor’s Ratings Services announced that it has assigned its ‘A’ long-term counterparty credit and insurer financial strength ratings to Assuranceforeningen Gard – gjensidig – (Gard p&i), the Norway-based protection and indemnity marine mutual club, with a stable outlook. …
Risk Management Solutions (RMS), a provider of products and services for managing natural hazard risks, has expanded the weather databases in its ClimetrixTM weather derivatives trading and risk management system to include new temperature data for France, Sweden, Norway, and …
Risk Management Solutions (RMS), a leading provider of products and services for managing natural hazard risks, has expanded the weather databases in its Climetrix(tm) weather derivatives trading and risk management system to include new temperature data for France, Sweden, Norway, …
Nordea, Scandinavia’s largest financial services and insurance group, announced that CEO Thorleif Krarup has resigned “for family reasons,” and will be succeeded by Lars G. Nordstroem. Nordea, formed in 2000 by a merger between Finland’s Merita Bank and Sweden’s Nordbanken, …
Norway’s Den Norske Bank (DnB) announced that it is dropping its bid to take over Storebrand, the country’s largest insurer. DnB had originally offered 1.33 shares of its stock in exchange for one Storebrand share, valuing the deal at around …
Standard & Poor’s announced a revised outlook, from negative to stable, and affirmed its single-‘A’ long-term counterparty credit and insurer financial strength ratings on mutual insurer Norwegian Hull Club (NHC). NHC writes marine hull insurance for domestic and international shipping …
