August 4, 2003
Fifty-three years ago, 13 young American women started something that seemed so small back then. They built it up and nurtured it with their spiked shoes and flat putters and today, what seemed like a novel idea more than half …
May 5, 2003
Standard & Poor’s Ratings Services said announced that it has affirmed the ‘A’ counterparty credit rating on Sweden’s Skandia Insurance Co. Ltd., and has revised its outlook to stable from negative. “The rating action follows the announcement on May 1, …
April 23, 2003
A.M. Best Co. reaffirmed that the financial strength rating of A- (Excellent) of Sweden’s Skandia Insurance Company Ltd. “remains unchanged and the outlook remains positive” following the company’s announcement last Wednesday that chief executive Lars-Eric Petersson has left the company …
January 27, 2003
Risk Management Solutions (RMS), a provider of products and services for managing natural hazard risks, has expanded the weather databases in its ClimetrixTM weather derivatives trading and risk management system to include new temperature data for France, Sweden, Norway, and …
January 7, 2003
Risk Management Solutions (RMS), a leading provider of products and services for managing natural hazard risks, has expanded the weather databases in its Climetrix(tm) weather derivatives trading and risk management system to include new temperature data for France, Sweden, Norway, …
December 23, 2002
The Swedish-based Skandia Insurance Group has reached an agreement with Prudential Financial to sell its U.S. operations, American Skandia, for a total consideration of $1.265 billion, around 72 percent of its book value. As of Sept. 30 the company had …
October 30, 2002
Willis Group Holdings Limited, the world’s third largest global insurance broker, announced third quarter operating revenues before taxes and interest of $64 million, compared to a $72 million loss in the same period last year. Net profits for the period …
September 13, 2002
EQECAT Releases Probabilistic Terrorism Insurance Model Oakland-based EQECAT, a leading risk management consulting firm, announced that it has released a “full probabilistic model for terrorism risk assessment for use by insurers and reinsurers.” It “covers all relevant risk sources” in …
August 27, 2002
Nordea, Scandinavia’s largest financial services and insurance group, announced that CEO Thorleif Krarup has resigned “for family reasons,” and will be succeeded by Lars G. Nordstroem. Nordea, formed in 2000 by a merger between Finland’s Merita Bank and Sweden’s Nordbanken, …
August 26, 2002
The ACE Group of Companies announced it will provide funding for 20 New York City firefighters to compete in the World Firefighters Games in New Zealand. While in New Zealand, the participating New York City firefighters will also be guests …