Romania News

Lloyd’s Europe Manager Highlights Expansion Plans

In a recent interview, published on the Lloyd’s web site (www.lloyds.com), Enrico Bertagna, Regional Manager for Europe, discussed Lloyd’s present and future plans to expand the London Market’s presence. Europe is a vital region for Lloyd’s and there are plans …

AIR Assesses Damages from European Windstorm Emma

Boston-based AIR Worldwide is assessing the damages caused by windstorm Emma, which swept across Western and Southern Germany, as well as Austria and the Czech Republic on Saturday, March 1. No damage estimates have yet been made. The storm’s hurricane …

Declarations

Declarations Camera, lights, action “In addition to improvements in economic and political conditions, a number of countries are developing into attractive film locales.” — Chris Palmer, director of risk control for Aon/Albert G. Ruben and author of the annual Risks …

Declarations

Camera, lights, action “In addition to improvements in economic and political conditions, a number of countries are developing into attractive film locales.” — Chris Palmer, director of risk control for Aon/Albert G. Ruben and author of the annual Risks in …

Allianz Posts Q1 Eastern Europe Revenues of $1.435 Billion

Germany’s Allianz, which has been steadily expanding its activities in Eastern Europe, is now realizing strong results from its ventures. Revenues from Central and Eastern Europe in the first quarter of 2007 reached €1.06 billion ($1.435 billion), compared to €838 …

New Chubb D&O Form Addresses Trends Outside the U.S.

In response to changes in insurance regulations and more stringent corporate governance requirements worldwide, the Chubb Group of Insurance Companies has introduced a Difference in Limits/Difference in Conditions (DIL/DIC) Multinational Directors and Officers Liability form. Available to U.S. corporations that …

Generali, PPF Create Joint Insurer for Eastern Europe

Italy’s Generali Group has concluded an agreement with PPF Group N.V., an international financial group, headquartered in Amsterdam, Netherlands, which is 95 percent controlled by Petr Kellner, a Czech entrepreneur with a strong track record of success. PPF Group in …

Over 30 Countries Agree: Bird Flu Preparedness is Key

The threat of the bird flu virus mutating into a strain capable of causing a pandemic intensifies amidst a growing number of outbreaks and human cases in different parts of the world. Since 2003, a total of 168 people have …

FBI: Internet Crimes Range from Auction Fraud to Murder Threats

When it comes to crime, the Internet is like a Swiss Army knife—a multi-purpose tool that’s easy to use and highly versatile. That’s made clear, says the FBI, by the 2006 annual report just issued by its Internet Crime Complaint …

Marsh Sees ‘Demand Surge’ in Romania’s Compulsory D&O Law

“Changes to Romanian corporate law, making it compulsory for companies to purchase directors’ & officers’ liability insurance (D&O), are creating a surge in demand for cover,” according to a bulletin from Marsh’s London office. Romania is the first country in …