CIGNA International has extended its expatriate benefit service through the expansion of its “CIGNALinks(R)” chain to Hong Kong, China, Taiwan, Spain and five countries in the Middle East – the Kingdom of Saudi Arabia, the United Arab Emirates, Bahrain, Qatar, …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of U.K.-based Markel International Insurance Company Limited (MIICL) with a stable outlook. Best said that it anticipates that in 2006 and …
In one of the most somber assessments yet of the consequences of global warming, scientists at the U.K.’s University of Bristol (http://www.bris.ac.uk.) warned: “As temperatures rise with global warming, an increased risk of forest fires, droughts and flooding is predicted …
Houston-based HCC Insurance Holdings, Inc. announced today that the Company had reached an agreement to acquire the assets of Allianz Life Insurance Company of North America’s Health Products Division for a cash consideration of $140 million. The transaction is expected …
A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa” of Spain’s MAPFRE RE, Compania de Reaseguros, S.A. “The outlook on both ratings is positive, in line with the ultimate parent …
Bermuda’s XL Capital Ltd. announced plans to develop a new, integrated European platform for its reinsurance operations, centered around a new company, which it is establishing in Dublin. Branch offices will be located in the UK, France, Spain and Germany. …
GM is to close its factory in Portugal this year and move production of its Combo vehicle to its factory in Zaragoza, Spain, the company’s Europe vice president said July 11. The move means 1,200 lost jobs at the Opel …
A four-car subway train flew off the rails Monday July 3 in Valencia, Spain, killing 41 passengers and the driver, and leaving at least 45 people injured, 12 of them seriously. Excessive speed is the most likely cause of the …
Houston-based HCC Insurance Holdings, Inc. recently announced that the company had reached an agreement to acquire Indiana-based Novia Underwriters, Inc. for an undisclosed consideration. The transaction is expected to close shortly. Novia is an underwriting agency based in Indianapolis that …
Dublin-based Research and Markets has added a study on Policy Administration Spending in Global Non-Life Insurance (Databook) to their offering. “This databook provides top level data charts & tables to highlight policy administration opportunities and trends across the global Non-Life …
