Standard & Poor’s Ratings Services has revised its outlook on Netherlands-based Eureko B.V. and related core subsidiaries to negative from stable. S&P also affirmed the ‘A-‘ long-term counterparty credit rating on Eureko B.V. and the ‘A+’ long-term counterparty credit and …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of Sweden’s Sirius International Insurance Corporation with stable outlooks. The Company is a subsidiary of Bermuda-based White Mountains Insurance Group (WMG). …
European governments struggled on Monday to shelter banks and bank depositors from a global financial crisis that is eroding confidence, endangering the economy and challenging their ability to respond as one. Germany promised blanket deposit protection for bank savers, prompting …
The Navigators Group, Inc. has launched underwriting operations in Sweden through its new underwriting agency, NUAL AB, and has opened a Stockholm office. The office, under the leadership of Sverker Edstrom, managing director, NUAL AB, will initially focus on management …
Hint: Learn Before You Go The ancient expression “When in Rome, do as the Romans do” is used to warn friends and colleagues to respect and adapt to the culture of places that they visit. In the insurance industry, that …
Hint: Learn Before You Go The ancient expression “When in Rome, do as the Romans do” is used to warn friends and colleagues to respect and adapt to the culture of places that they visit. In the insurance industry, that …
Zurich Financial Services Group announced that Markus Hongler, currently CEO of Zurich Switzerland, has been appointed CEO of Zurich Insurance Ireland Limited (ZIIL), Zurich’s main EU-wide risk carrier for general insurance. The appointment will become effective January 1, 2009, in …
Standard & Poor’s Ratings Services has assigned its ‘A+’ long-term counterparty credit and insurer financial strength ratings to Sweden-based marine insurer Gard Marine & Energy Försäkring AB (Gard M&E AB) with a stable outlook. “The ratings reflect the company’s membership …
“Winter storms in Europe are like London buses,” says an article on the Lloyd’s web site (www.lloyds.com) – “You don’t see any for a while and then along come two or three, one behind the other.” The four month European …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘B’ (Fair) from ‘B-‘ (Fair) and assigned an issuer credit rating (ICR) of “bb+” to National Automotive Insurance Company of Metairie, La. The outlook for both ratings is stable. …
