A.M. Best Co has commented that the issuer credit rating (ICR) of “a” of Mapfre S.A. (formerly Corporacion Mapfre S.A., the holding company of Spain’s Mapfre Group) “remains unchanged following the announcement that Mapfre intends to acquire Commerce Group (currently …
The Zurich Financial Services Group announced that its subsidiary Zürich Beteiligungs-AG (Deutschland) has signed an agreement to acquire car warranty insurer Real Garant Versicherung AG from ADAC-Schutzbrief Versicherungs-AG with retroactive effect as of January 1, 2007. The purchase price was …
Spain’s largest insurer, Mapfre S.A., has agreed to buy the Massachusetts-based personal lines insurer The Commerce Group, Inc. for $2.21 billion in cash in a bold move to expand its presence in the U.S. market. Mapfre, which has more than …
Dublin-based Research and Markets has added Datamonitor’s new report: “Global Non-life Insurance” to their offering. R&M said its “Global Non-life Insurance industry profile is an essential resource for top-level data and analysis covering the non-life insurance industry. It includes detailed …
HRH, Bank of America Insurance broker Hilb Rogal & Hobbs Co. has agreed to purchase Banc of America Corporate Insurance Agency, L.L.C., a segment of Bank of America, N.A., and a middle market insurance intermediary in the northeastern United States. …
International specialty insurance group HCC Insurance Holdings Inc., headquartered in Houston, Texas, appointed Bernard H. White as vice president of Investor Relations, according to a company announcement. White has over 25 years’ experience in media and investor relations, corporate communications …
XL Insurance, the global insurance operations of Bermuda’s XL Capital Ltd, has announced an increase of its underwriting capacity for construction projects, from $40 million to $100 million per project. John Gallagher, XL Insurance’s Chief Underwriting Officer — Global Property, …
The Zurich Financial Services Group has launched a new pan-European direct insurance offering “Zurich Connect,” in Germany. The initiative is “part of a European-wide roll out” that provides Zurich’s German customers with the option of buying insurance policies on line …
The European Union said Tuesday it will ask China to be much more vigilant about product safety, requesting that officials there follow up on cases and report back to the EU about what measures are being taken. EU Consumer Commissioner …
The European Union said it will ask China to be much more vigilant about product safety, requesting that officials there follow up on cases and report back to the EU about what measures are being taken. EU Consumer Commissioner Meglena …
