Standard & Poor’s Ratings Services announced that it has placed its “A” long-term counterparty credit and insurer financial strength ratings on Casiopea Re S.A. on CreditWatch with negative implications. “Casiopea Re is the wholly owned, Luxembourg-based reinsurance affiliate of Spanish …
A new U.S. government report indicates that the private U.S. insurance industry would be placed under enormous strain without government intervention if there were a major terrorist or catastrophic event or series of events. It also finds that the U.S. …
Houston-based Linsure Holdings, Inc. has announced the launch of “Linsure Directo” through its wholly owned European subsidiary Linsure Iberica S.A. Linsure is a diversified holding company with strategic interests in providing coverage for litigation funding (legal fees, etc.) and real …
Only two thirds of leading European companies operate a democratic policy of one-share one-vote, according to a study prepared for the Association of British Insurers (ABI) by Deminor Rating, a Brussels-based corporate governance consultant. The study, which examined the capital …
Research and Markets announced the addition of The Global Insurance Handbook 2005 to their offering. The increasing size of risk in the world is reportedly influencing multinational and global companies to protect ever larger balance sheets against traditional and untangible …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) of Winterthur Swiss Insurance Company and its core subsidiary, Winterthur Life Insurance Company, collectively known as Winterthur Group (Winterthur). Best also said it has assigned an issuer credit …
AEGON, the Dutch insurance and financial services provider, announced that it has entered into an agreement to sell AEGON Seguros Generales, its general insurance subsidiary in Spain, to Italian mutual insurance company Reale Mutua Group, effective January 1, 2005. The …
As scenes of utter devastation played across the world’s television screens, local authorities and volunteer rescue workers continued the grim job of collecting and burying the bodies of the victims who perished in the massive onslaught of tidal waves in …
AEGON N.V., the Dutch-Belgian financial services and insurance group, has announced changes in its Supervisory Board. Mr. Dudley G. Eustace has been chosen to succeed Mr. Morris Tabaksblat as chairman of the Supervisory Board as of the Annual General Meeting …
Robert Shipe The Texas Workers’ Compensation Commission named Robert L. “Bob” Shipe as executive director. Shipe had been serving as acting executive director of the Commission since July 2004. He first joined the Commission in 1991, working in the San …
