Standard & Poor’s Ratings Services has affirmed its “A” junior subordinated long-term debt rating on the €1.5 billion ($2 billion) undated, subordinated, fixed-to-floating rate bonds issued by global reinsurer Munich Reinsurance Co. (rated ‘AA-‘ – Stable). S&P said it “characterizes …
The UK’s Royal & Sun Alliance Insurance Group has signed an agreement to acquire 50 percent of GD II – Global Direct Insurance Investments B.V. (GDI), a joint venture with Direct Insurance Financial Investments Ltd. (DIFI), “to access the fast …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Russian insurer Ingosstrakh Insurance Co. to “BBB-” from “BB+,” and affirmed its “ruAA+” Russia national scale rating. The outlook is stable. “The upgrade …
Standard & Poor’s Ratings Services has revised its outlook on Russia-based insurer Neftepolis Insurance Co. LLC to positive from stable, “as a result,” said the announcement, “of closer integration with Russia-based SOGAZ Insurance Group, with which the company merged in …
Climate protection is a top priority for German Chancellor Angela Merkel at next week’s G-8 summit, but she said in an interview released Sunday she was skeptical that the world’s industrial leaders would agree on a concrete proposal for emissions …
Cadence, Strategic Independent Agents Alliance Cadence Insurance Services of Colorado Springs, Colo., became a member of the Strategic Independent Agents Alliance, a network of independent insurance agencies. Cadence Insurance Services joined the ICA Agency Alliance Master Agency network in Colorado …
Exclusive Video Interview Greenberg Interview, Take 4: Growing C.V. Starr Chairman Maurice “Hank” Greenberg is busy growing his current insurance organization, privately-held C.V. Starr & Co. and all of its units, through acquisitions and investments at home and abroad. His …
RESO-GARANTIA, one of Russia’s largest insurers, announced plans to launch an initial public offering of its ordinary shares. The shares have been listed and admitted to trading on the quotation lists “V” of the Russian Trading System Stock Exchange and …
Exclusive Video Interview Greenberg Interview, Take 1: World Leaders Former President Richard Nixon had a great grasp of foreign affairs and Bill Clinton was a fast learner. Those are among the opinions of recent world leaders offered by Maurice “Hank” …
Germany’s Allianz further expanded its presence in the Russian insurance market with the announcement that it has “finalized the acquisition of the P/C insurer Progress-Garant.” Allianz purchased all of the shares from the Company’s management at an undisclosed price. Progress-Garant …
