A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Zurich Insurance Company Limited (ZIC), the main operating company of Zurich Financial Services Ltd. (ZFS), and its rated subsidiaries. …
The Norwegian Risk Management Association (NORIMA) has been accepted as a member of the Federation of European Risk Management Associations (FERMA), bringing the total to 20 associations from 18. Risk management associations from Spain (IGREA) and Turkey (ERMA) became members …
Aon Risk Services said that it has agreed to acquire FCC Global Insurance Services, the in-house captive brokerage subsidiary of FCC. FCC Global Insurance Services is a subsidiary of Fomento De Construcciones Y Contratas, S.A. of Spain. Financial terms of …
Bermuda’s Minister of Finance, the Hon. Paula A. Cox, announced that Bermuda had concluded negotiations of a bilateral agreement with Belgium that provide for a full exchange of information on criminal and civil tax matters between Bermuda and the Kingdom …
Standard & Poor’s Ratings Services has assigned its ‘A-‘ issue credit rating to Lincoln National Corp.’s (LNC) $300 million issuance of senior notes. S&P also affirmed its ‘AA-‘ counterparty credit and financial strength ratings on LNC’s life insurance operations (Lincoln) …
New research, conducted by Marsh, has found that senior executives in Europe’s leading organizations are most concerned about customer-related risks and access to credit, as they plan their recovery from the global economic downturn. Marsh said the nearly two-thirds of …
A U.N. climate treaty may need an extra year beyond the December deadline to agree on details, delegates at U.N. talks said on Thursday, even as a U.S. Senate committee approved a carbon-capping bill. The Nov. 2-6 meeting of 175 …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to “a” from “a-” of MAPFRE Insurance Company of Florida. Best also affirmed the FSR of ‘A-‘ (Excellent) …
W. R. Berkley Insurance (Europe), Limited announced that it has named Javier Esteban Presidente Ejecutivo of its Sucursal en España branch located in Madrid, Spain. The appointment to this newly created position is effective immediately. Esteban has more than 40 …
Bermuda’s Minister of Finance Paula A. Cox announced that it has signed a bilateral agreement with Mexico that provides for a full exchange of information on criminal and civil tax matters between Bermuda and Mexico. The signing of the tax …
