The European Space Agency’s Cryosat spacecraft was lost minutes after lift-off from the Plesetsk Cosmodrome in northern Russia on Saturday Oct. 8. Cryosat, which cost 135 million euros ($164 million) was designed to survey the Arctic ice cap and monitor …
Austin-based Combined Agents of America, LLC reported that Gayle Gray, vice president of CAA member First Southwest Insurance Agency, was recognized as the 2005 ATHENA Award recipient for Abilene, Texas. The international ATHENA Award program recognizes individuals who have opened …
Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Russia-based reinsurer Moscow Reinsurance Co. “B+” from “B’.” with a stable outlook. S&P also said it has raised its Russia …
Allianz notes on its Web site – www.allianz.com – that Central and Eastern Europe continues to be an important growth area for the German insurer. “In the first half of 2005, premium income stood at 1.355 billion euros [$1.65 billion] …
Standard & Poor’s Ratings Services announced that it has revised its outlook on Russian Ingosstrakh Insurance Co. to positive from stable, following improved risk in its investment portfolio. S&P also affirmed its “BB” long-term counterparty credit and insurer financial strength …
Marie-Gemma Dequae, president of the Belgian risk management association BELRIM from June 1994 until June 2005, has been named as the next president of the Federation of European Risk Management Associations (FERMA). She will begin a two-year term at the …
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 …
Standard & Poor’s Ratings Services announced that it has placed its “B-” long-term counterparty credit and insurer financial strength ratings and its “ruBBB-” Russia national scale rating on the Russian insurer Neftepolis Insurance Co. LLC (Neftepolis) on CreditWatch with negative …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of German insurer SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG (Sovag), with a stable outlook. Best said the rating reflects its “expectations of an improving underwriting …
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 …
