ACE Tempest Reinsurance Ltd., the ACE Group’s Bermuda-based property and specialty catastrophe reinsurer, has announced the appointment of Guy Swayne to the position of Chief Underwriting Officer,-International. He will report to ACE Tempest Re President Andreas Lewin and will assume …
American International Group Inc. announced that its wholly owned subsidiary, Paris-based AIG Europe, S.A., has received approval from the Insurance State Supervision Service of Georgia for the establishment of a branch in Tbilisi, Georgia. “The AIG Companies are well established …
Ever since the French and the Dutch rejected the proposed European Constitution (See IJ Web site May 30 and June 2), the common currency, the euro, shared by 12 EU member nations, has been having difficulties. It has declined by …
Regardless of whether or not the U.S. Federal Government authorizes an extension to TRIA (Terrorism Risk Insurance Act) beyond the end of this year, terrorism remains a very real threat and should not be ignored. According to Aon’s 2005 Terrorism …
He was an unlikely man to head the billion-strong Catholic Church – the first Pole, the first non-Italian Pope in over 400 years, – and yet his papacy left an indelible mark on Catholics and non-Catholics worldwide. Pope John-Paul II, …
The ACE Group of Companies announced that it has received regulatory approvals to commence property and casualty insurance operations in Poland and Russia. The U.K.’s Financial Services Authority (FSA) has “authorized the opening of an ACE European Group Limited branch …
MetLife, Inc. and Citigroup Inc. today announced an agreement for the sale of Citigroup’s Travelers Life & Annuity, and substantially all of Citigroup’s international insurance businesses, to MetLife for $11.5 billion, subject to closing adjustments. Combining Travelers Life & Annuity …
A.M. Best Co. announced that it has assigned a financial strength rating of “B+” (Very Good) and an issuer credit rating of “bbb-” to Poland’s Polskie Towarzystwo Reasekuracyjne S.A. (Polish Re) with a stable outlook. “The rating reflects the company’s …
Standard & Poor’s Ratings announced that it has assigned its ‘A’ long-term counterparty credit and insurer financial strength ratings to Austria-based Wiener Städtische Allgemeine Vers. AG (WS AG). The outlook is stable. “The ratings reflect the financial strength of the …
The Netherlands’ ING Group announced that it has signed an exclusive global contract with NetEconomy, a leader in real-time enterprise risk monitoring solutions for the finance industry, to roll-out a worldwide effort to combat money laundering and ensure compliance. “The …
