Kemper Insurance Companies, Aquila Inc. and its wholly owned affiliate Aquila Re Ltd. announced they have joined together to market and underwrite products that protect buyers or sellers of electric power from unexpected spikes in the price of replacement power …
A forum designed to educate corporate risk officers, risk managers, CFOs and CIOs as to the risk exposures inherent in e-commerce and new technologies will be sponsored by Lloyd’s and Tripwire Inc. in New York City on June 26 and …
The St. Paul Companies’ reinsurance unit, St. Paul Re, joined the inreon platform, launched last December by Munich Re and Swiss Re, to offer reinsurance products online. Initially, St. Paul Re will provide capacity for European facultative property risks supported …
Germany’s Allianz AG offered the minority shareholders of its Swiss subsidiary Berner Versicherung SwFrs 750 ($430) per share as part of its initiative to rebrand its three Swiss companies under the banner “Allianz Suisse.” Allianz currently holds 541,205 registered shares …
The St. Paul Companies’ reinsurance unit, St. Paul Re, has joined the inreon platform, launched last December by Munich Re and Swiss Re, to offer reinsurance products on-line. “Initially, St. Paul Re is providing capacity for European facultative property risks …
Zurich North America plans to expand its HR Care service to mid-sized privately-held companies. The risk management tool will be available free of charge to mid-sized private companies that purchase Zurich Private Solutions, which offers both directors & officers and …
After the U.S., Canada, France, Spain and Australia, ING, Holland’s giant banking and insurance group, has brought its one-stop bank, ING Direct, to Italy. The opening is the latest in ING’s efforts to build a global banking system based “direct …
Italy’s Assicurazioni Generali SpA posted net profits of €1.452 billion ($1.28 billion) for the year 2000, a healthy 74.1 percent gain over 1999. A capital gain of €273 million ($245 million) from its sale of its interest in Spain’s Banco …
French insurer AGF, which is 51 percent owned by Germany’s Allianz, had a banner year in 2000 with net income rising 26.7 percent to top € 845 million ($785 million). The group saw growth in all sectors, due in part …
The Hartford Financial Services Group has completed the sale of its Hartford Seguros subsidiary in Bilbao, Spain, to Liberty International, a subsidiary of Liberty Mutual Group. Financial terms of the transaction were not disclosed. The sale of Hartford Seguros reflects …
