Sweden’s Skandia has issued a bulletin announcing that details of the sale of its19.36 percent stake in If P&C Insurance to Finland’s Sampo plc have been completed. The two companies first announced the sale last February. As part of the …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of Sweden’s Sirius International Insurance Corporation, and removed the rating from under review where it was placed following the proposed acquisition by White Mountains Insurance …
A.M. Best Co. announced that it has affirmed the A- (Excellent) financial strength rating of Sweden’s Erika Insurance Ltd. (publ). “The outlook remains negative, “said Best, “factoring in uncertainties being faced within the travel sector.” Best noted that the rating …
Hans Blix, the United Nations weapons inspector who spearheaded efforts in Iraq to determine whether Saddam Hussein had weapons of mass destruction, and Michael Boskin, a former head of the White House Council of Economic Advisers, will be featured speakers …
Allied World Assurance Co. [Europe], Limited [AWAC Europe] announced that Nessa Goodman has been promoted to the position of Assistant Vice President, General Casualty. She joined AWAC on November 4, 2002, in the position of Senior Underwriter, General Casualty. Goodman …
Standard & Poor’s Ratings Services affirmed its “BBB-” counterparty credit and senior debt ratings on White Mountains Insurance Group Ltd. and its “A-” counterparty credit and financial strength ratings on Folksamerica Reinsurance Co. (Folksamerica) following WTM’s announcement that it plans …
Millea Holdings Inc., Japan’s largest general insurer, announced plans to acquire the Japanese life business of Sweden’s Skandia Insurance Co. for 20 billion yen ($186 million) in early 2004. “By acquiring Skandia’s know-how and infrastructure, we’ll be able to make …
Bengt Braun, who took over as the Chairman of Sweden’s Skandia earlier this year, has informed the board that he will resign effective immediately in the wake of a report that severely criticized several senior managers for improper dealings. Although …
Standard & Poor’s Ratings Services announced that it has revised its outlook on Sweden’s long-term savings provider Skandia Insurance Co. Ltd. (Skandia) to negative from stable. S&P also affirmed ithe company’s ‘A’ long-term counterparty credit and ‘A-‘ long-term senior unsecured …
The entire Italian Peninsula from Venice to Sicily was plunged into darkness early Saturday morning by a massive power failure that knocked out the national electrical grid, stranding travelers, creating chaos in the streets and largely bringing the country to …
