It’s not just the Italian Football (soccer) team that’s in an expansive mood. Italy’s Generali Group announced that it has signed an agreement for the acquisition of a 51 percent shareholding in Bulgarian insurer Orel-G Holding AD. The shares will …
EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of soul-searching and reassessment, they’ve chosen to …
Standard & Poor’s Ratings Services announced that it has assigned its ‘BBB+’ senior debt rating to ACE INA Holdings Inc.’s $300 million senior debt issuance, which is due 2036 and is fully and is unconditionally guaranteed by ACE Ltd. (See …
If an earthquake like the one that devastated San Francisco, Calif., in 1906 struck today, the toll would be staggering: tens of thousands of buildings damaged and hundreds of people dead, according to a new study. The report calculated that …
If an earthquake like the one that devastated San Francisco, Calif., in 1906 struck today, the toll would be staggering: tens of thousands of buildings damaged and hundreds of people dead, according to a new study. The report released Monday …
The river Danube, which wends its way through much of Central and Southeastern Europe, has reached its highest level since 1895 in many places. Flooding in Serbia/Montenegro, Bulgaria and Romania has inundated towns, villages and farmland, forcing thousands from their …
A Portland, Maine jury ordered a Seattle law firm to pay $10.8 million for dumping one set of clients for a more lucrative class-action case. Jurors will return to federal court next week to settle the issue of punitive damages. …
Europe is facing an immense demographic challenge that will cuts its growth rate substantially and strain its public finances as its baby boomers retire and life expectancy increases, although some countries have taken steps to address the aging population. A …
At least 65 persons lost their lives when the roof of an exposition building in Katowice, Poland collapsed Saturday afternoon, Jan. 28, possibly under the weight of accumulated heavy snow. Another 140 people, who were attending a pigeon fanciers show …
Eureko, the European insurance consortium, announced that it has reached agreement to acquire an additional 4.33 percent of shares in Polish insurer Powszechny Zaklad Ubezpieczen (PZU) from Manchester Securities Corporation. Eureko said it “has already completed purchase of a first …
