November 27, 2002
Boston-based Liberty Mutual Group announced that its subsidiary, Liberty International, has signed an agreement to acquire Winterthur’s Portuguese business units and branch offices, including its subsidiary companies Companhia Europeia de Seguros and Winterthur Pensoes. The terms of the deal were …
October 23, 2002
ACE Tempest Re Europe announced the appointment of Eric Gutierrez as European Treaty Underwriter in their newly opened underwriting division in Dublin. he’ll be responsible for developing property and casualty treaty business in the Mediterranean region of Europe, including France, …
June 11, 2002
The European Commission (EC) in Brussels has announced proposals to harmonize the European Union’s automobile insurance regulations. The EC wants all policies to cover third party liability up to € 1 million ($945,000) for accident victims and up to € …
December 5, 2001
Zurich Financial Services (ZFS) has completed the second major part of its restructuring with the announcement that it had reached agreement with Germany’s Deutsche Bank (DB) to trade an estimated $2.5 billion worth of assets. In exchange for transfering its …
November 19, 2001
Standard & Poor’s has affirmed its single-‘A’- minus counterparty credit and senior unsecured debt ratings on the Netherlands-based insurer Eureko B.V., and has rated its principle subsidiaries in Holland and Portugal as double-‘A’-minus; however, it revised its outlook from stable …
October 19, 2001
American International Group and the European insurance consortium Eureko Alliance have agreed to form a cooperative venture to market and service multinational employee benefits programs worldwide. They plan to establish a joint office in Zurich, Switzerland, and will establish joint …
September 25, 2001
The Anglo-Swiss group Zurich Financial Services (ZFS) and Germany’s Deutsche Bank (DB) announced agreement on a number of cooperation initiatives and the sale of business assets, most notably the transfer of fund manager Zurich Scudder Investments to DB for $2.5 …
April 9, 2001
Eureko, the Dutch-based insurance group, which is part of the pan-European Eureko Alliance, announced that its pretax profits rose 117 percent last year to € 614.7 million ($555 million). The group which was formed last year by the merger of …
November 13, 2000
With the fast approaching Nov. 20 cutoff date for bids to acquire Equitable Life, the U.K.’s oldest mutual life insurer, it appeared that only one company, the U.K.’s Prudential, remained in the running. Its main rival, CGNU, apparently pulled out …
August 28, 2000
The booming Irish economy has given Ireland’s people huge benefits. The increase in productivity and investment has put lots of money in Irish pockets, and, as opportunities in Ireland become more attractive, its best and brightest are staying home for …