August 12, 2003
Fort Worth-based Higginbotham & Associates announced the formation of a dedicated Transportation Division, naming insurance executive Bill Spain managing director of the unit. Spain will continue to build the property and casualty business within the firm’s Dallas office, as well …
July 8, 2003
A.M. Best Co. announced that it has affirmed the financial strength rating of A (Excellent) of the U.S.-based Mapfre Reinsurance Corporation (MRC) (Florham Park, NJ), with a stable outlook. “The rating is based on A.M. Best’s continued view that MRC …
June 23, 2003
Credit Suisse Group’s Winterthur Insurance announced that it has signed an agreement to sell its life and P/C operations in Italy to Compagnia Assicuratri Unipol for 1.465 billion euros ($1.7 billion) in cash. The deal is the second sale in …
June 12, 2003
The Royal Bank of Scotland (RBS) and Winterthur, the insurance arm of the Credit Suisse Group (CSG), have concluded a deal for RBS to acquire Churchill Insurance, CSG’s principle U.K. general insurance division, for £1.1 billion ($1.817 billion). The acquisition …
June 2, 2003
A.M. Best Co. announced that it has affirmed the financial strength ratings of ‘A’ (Excellent) for the Zurich Financial Services Group (ZFS), Switzerland, and its core subsidiaries. “The outlook remains positive following the company’s release of first quarter results for …
May 22, 2003
Standard & Poor’s announced that, following a review of the company, it has affirmed its ‘AA’ long-term counterparty credit and insurer financial strength ratings on Spanish social security mutual FREMAP Mutua de Accidentes de Trabajo y Enfermedades Profesionales de la …
May 16, 2003
Germany’s Allianz reported a first quarter net loss of 520 million euros ($593.06 million), mostly due to another series of writedowns in the value of its investments, but from an operating point of view Europe’s largest insurer achieved some significant …
April 21, 2003
Oakland-based EQECAT, Inc. announced that its 2003 European Catastrophe Management Summit will take place on June 24-27 at the Hotel Princesa Sofia InterContinental in Barcelona, Spain. “This year the European Summit will address solutions to the challenges faced by insurers, …
March 27, 2003
A.M. Best Co. announced that it has affirmed the A+(Superior) financial strength rating of Italy’s Assicurazioni Generali S.p.A., and assigned a negative outlook. It also announced that it has affirmed Generali’s senior debt at “aa-” and subordinated debt at “a+” …
March 26, 2003
Oakland-based EQECAT, Inc. a subsidiary of Houston’s ABS Consulting, announced that its 2003 European Catastrophe Management Summit will take place on June 24-27, 2003 at the Hotel Princesa Sofia InterContinental in Barcelona, Spain. “This year the European Summit will address …