A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Singapore Reinsurance Corporation Limited, both with stable outlooks. The ratings reflect Singapore Re’s “superior risk-adjusted capitalization level, increasing presence in …
Investors in a class-action lawsuit against Bank of America Corp. over the Merrill Lynch & Co. takeover are trying to collect “billions of dollars” in damages, Ohio’s attorney general said Monday. Attorney General Richard Cordray spoke after filing a 155-page …
Lloyd’s announced that it has opened its first representative office in Scandinavia in Sweden, which will act as the hub for all of its Nordic operations. The office, in Stockholm, will be run by Lloyd’s Nordic Representative, Erik Börjesson. Lloyd’s …
Guy Carpenter & Company, LLC has published its annual update on legislative and legal developments affecting insurers and reinsurers in Continental Europe. The report – available at: www.GCCapitalIdeas.com – “addresses the implications of the ongoing global financial crisis and highlights …
Peter den Dekker, corporate insurance risk manager at Dutch multi-national Stork, has been elected President of the Federation of European Risk Management Associations (FERMA). He takes over from Marie-Gemma Dequae, whose mandate came to an end after four years, following …
Guy Carpenter & Company has published the latest installment in its series of updates on key legislative and legal developments impacting insurers and reinsurers in Continental Europe. The briefing addresses the implications of the ongoing global financial crisis, highlighting the …
Willis Group Holdings announced that Staffan Larsson has been appointed chief executive officer of its operations in Sweden, based in Stockholm. He was formerly a member of the Willis Sweden management team and head of Business Strategy and Development, and …
Markel International Limited, the specialty property and casualty insurer, has appointed Tomas Nilsson as claims manager for Markel International Sweden. He will be based in Markel’s Stockholm office. Ove Staaf, managing director of Markel International Sweden noted that Nilsson has …
Willis Group Holdings announced that Adam Garrard has been appointed CEO of Willis Continental Europe and Bill Donovan has been named to succeed him as CEO for Willis Australasia. The appointments were effective January 1, 2009. Both executives will report …
Lloyd’s has announced the appointment of Erik Börjesson as its first Nordic Area Manager. He will be based in Stockholm and will assist Lloyd’s syndicates and managing agents in building relationships with insurance buyers and intermediaries in the Nordic area, …
