Fitch Ratings announced that it has affirmed the Insurer Financial Strength rating of ‘AA’ and the Long-term rating of ‘AA-‘ for Assicurazioni Generali SpA, the major operating insurer and holding entity of the Generali Insurance Group. Fitch also announced, however, …
An estimated 9000 tons (2.4 million gallons) of heavy fuel oil, discharged from the sunken tanker “Prestige,” was poised to wash up on the beaches of Spain’s Northwestern Coast beginning today. Some of the oil has already landed on Galician …
Boston-based Liberty Mutual Group announced that its subsidiary, Liberty International, has signed an agreement to acquire Winterthur’s Portuguese business units and branch offices, including its subsidiary companies Companhia Europeia de Seguros and Winterthur Pensoes. The terms of the deal were …
inreon, the Internet-based reinsurance trading platform announced that German broker Koenig & Reeker has become its 100th member. The company joins 81 other cedants and brokers from 17 countries across Asia, North America and Europe that have signed membership agreements …
The London market faces the majority of claims related to the sinking of the “Prestige” off Spain’s Galician coast and the related oil spill, which threatens the livelihood of many in the region. The tanker broke in two on Tuesday …
Houston-based HCC Insurance Holdings, Inc. announced that it has reached an agreement to acquire St. Paul España, Compañia de Seguros, S.A., The Spanish P/C operations of the St. Paul Companies, headquartered in Madrid. Stephen L. Way, HCC Chairman and CEO …
HCC Insurance Holdings Inc., based in Houston, announced the company has reached an agreement to acquire St. Paul Espana, Compania de Seguros, S.A., a property and casualty insurance company headquartered in Madrid, Spain, from The St. Paul Companies Inc. This …
ACE Tempest Re Europe announced the appointment of Eric Gutierrez as European Treaty Underwriter in their newly opened underwriting division in Dublin. he’ll be responsible for developing property and casualty treaty business in the Mediterranean region of Europe, including France, …
HCC Insurance Holdings Inc., headquartered in Houston, said it has completed the previously announced acquisition of MAG Global Financial Products LLC. MAG is an insurance underwriting agency specializing in directors and officers insurance, professional indemnity and related financial products. Operations …
As far as commercial property and casualty coverages are concerned, it goes without saying that individual companies require specific types of policies to most effectively address risks inherent to their industries. The biotechnology industry is no exception—on the contrary, it …
