Newark Calif.-based Risk Management Solutions, a leading provider of products and services for the management of natural hazard risk, announced the acquisition of HailCalc Europe, which it described as “the first fully probabilistic hail loss simulation software for Europe.” The …
A.M. Best Co. commented that the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Winterthur Group (Switzerland) and its main subsidiaries remain unaffected following the announcement of the proposed acquisition of Winterthur US Group …
A.M. Best Co. has placed the issuer credit rating (ICR) of “bbb+” of Australia’s QBE Insurance Group Limited under review with negative implications. Best also placed all of QBE’s subsidiaries financial strength ratings (FSR), ICRs and debt ratings under review …
Sun Prairie,Wis.-based insurer General Casualty, its U.S. holding company and sister company Unigard Insurance Group in Bellevue, Wash., are being acquired by Australia-based QBE Insurance Group in an agreement with current parent companies Winterthur Insurance Group in Switzerland and Paris-based …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and financial strength ratings on Switzerland’s Winterthur Swiss Insurance Co. by two notches to “A+” from “A-“, following the completion of the acquisition by France’s AXA Group. S&P rates …
France’s AXA Group announced that it has successfully completed the acquisition of Winterthur. AXA reached agreement with Credit Suisse to acquire 100 percent of Winterthur, the Swiss bank’s insurance division, for CHF 12.3 billion (around $10 billion – €7.9 billion) …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a+” of Zurich Insurance Company, the main operating company of Switzerland’s Zurich Financial Services Group (ZFS) and its subsidiaries. Best …
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 …
The Bermuda-based Catlin Group Limited announced plans to establish four new European offices in early 2007 in Paris, Barcelona, Zurich and Innsbruck. “The new locations will build on Catlin’s strategy to open offices in key cities worldwide to access business …
USI Holdings USI Holdings Corp. received an inquiry from a private equity firm interested in acquiring all of the outstanding common stock of the company. In response, the company’s board of directors formed a special committee consisting of outside directors …
