Warning that “European businesses face uninsurable environmental impairment risks,” the Federation of European Risk Management Associations (FERMA) called on insurers to be less “risk averse.” It urged members to “develop products that will allow businesses to protect themselves against new …
Customer data stolen from TJX Cos. outside Boston by computer hackers has been used to make fraudulent debit card and credit card purchases in the United States and overseas, according to the Massachusetts Bankers Association. The fraudulent purchases have been …
Zurich Financial Services Group announced that its subsidiary, Zurich Insurance Ireland Limited (ZIIL), which functions as an EU-wide risk carrier for Zurich’s general insurance business, has opened branches in Belgium and Italy. ZIIL now operates in Belgium, Finland, France, Italy, …
A new report from Standard & Poor’s Equity Research – European Investment Outlook – Riding A Wave Of Volatility – foresees the volume of mergers and acquisition in Europe exceeding the €1.3 trillion [$1.7 trillion] generated by the end of …
Hiscox plc, a leading specialist insurer, has opened two new European offices – one in Sweden and another in Portugal – as part of its commiment to further European development. “The offices in Stockholm and Lisbon will target high-net-worth consumers …
Global broker Integro announced that Cecilia Hansson has been appointed a Principal in the Management Risk Practice for the company’s recently opened Stockholm office. She has 17 years of experience in the Management Risk arena, and joins Integro from Aon …
Guy Carpenter & Company, Inc., the global risk and reinsurance specialist of the Marsh & McLennan Companies, announced that its Instrat(R) unit, which provides quantitative analysis and modeling services, has collaborated with catastrophe modeler EQECAT to develop a model to …
The European Union called for a crackdown on mini-motorbikes, claiming the machines pose serious risk to users, notably children, because most of the imported bikes do not meet European safety standards. EU officials said they had placed the mini-combustible engine …
Fitch Ratings has affirmed the “BBB+” issuer default ratings (IDR) of White Mountains Insurance Group, Ltd. and its wholly owned intermediate holding company subsidiary, Fund American Companies, Inc., as well as the “BBB” senior debt rating of Fund American. Fitch …
As part of a scheduled meeting with investors and analysts the U.K. ‘s Royal & Sun Alliance Insurance Group plc has issued a bulletin detailing how it plans to “drive profitable performance” and how it plans to achieve its new …
