South Africa News

Pettersen Joins Towers Perrin Reinsurance Bermuda Office

Global services provider Towers Perrin announced that Phillip Pettersen has joined the firm’s Reinsurance business as a Managing Director based in its Bermuda office. He will be responsible for business and brand development in the Bermuda marketplace and will be …

Best Affirms Cologne Re, Subs ‘A++’ Ratings

A.M. Best has affirmed the financial strength rating (FSR) of “A++” (Superior) and the issuer credit rating (ICR) of “aa+” for Koelnische Rueckversicherungs-Gesellschaft AG (Cologne Re), the German-based subsidiary of Berkshire Hathaway’s General Re (See related ratings article in National). …

International poll finds rising concern among 30 countries over global warming

A 30-country poll finds large majorities in all countries believe climate change is a serious problem. No country has more than one in five saying it is not a serious problem. The poll of 33,237 people from all major regions …

International poll finds rising concern among 30 countries over global warming

A 30-country poll finds large majorities in all countries believe climate change is a serious problem. No country has more than one in five saying it is not a serious problem. The poll of 33,237 people from all major regions …

30-Country Poll Finds Rising Concern Over Global Warming

A 30-country poll finds large majorities in all countries believe climate change is a serious problem. No country has more than one in five saying it is not a serious problem. The poll of 33,237 people from all major regions …

Kidd Named to Lead Guy Carpenter’s Accident & Health Specialty Practice

Guy Carpenter & Company Inc. reported that Dean Kidd, a managing director of the firm, was appointed to lead the company’s global Accident & Health (A&H) Specialty Practice. Kidd assumes the responsibilities previously held by Kevin Griffiths, who has been …

ACE Names New Senior Managers for South Africa, New Zealand

The ACE Group of Companies reported the appointment of new senior managers in South Africa and New Zealand. Scott Pickering, country manager and managing director of ACE New Zealand, has been appointed chief executive officer for ACE’s new South Africa …

XL Names McCusker UK, Ireland COO

Clive Tobin, chief executive responsible for XL Capital Ltd.’s insurance operations, announced the appointment of Eileen McCusker as the new chief operating officer for the UK and Ireland. She has been with the XL group for 15 years and will …

Old Mutual Receives Tenders from 68.8 Percent of Skandia Shareholders

68.6 percent of the shareholders in Swedish-based Skandia insurer have so far accepted the proposal from South Africa’s Old Mutual to acquire the company, making the offer a qualified success. Old Mutual has also announced that it has extended the …

Euler Hermes Issues Global 2006 Economic Assessment

Euler Hermes ACI, a provider of trade credit insurance and risk mitigation information, has released a special global risk analysis report from its U.S. headquarters in Maryland. The company, a subsidiary of French insurer AGF, which is in turn part …