AIR Worldwide Corp. announced the opening of AIR Worldwide GmbH in Munich, Germany, “to meet the needs of its expanding client base in the region.” Yoern Tatge will head the new office. AIR noted: “Europe has been an area of …
Standard & Poor’s Ratings Services announced that it has affirmed its “A-” long-term counterparty and insurer financial strength ratings on Winterthur Swiss Insurance Co. with a stable outlook. “The ratings on Winterthur Swiss Insurance reflect the financial strength derived from …
Guy Carpenter & Company Ltd. reported the release of European Flood Report 2005 – Central and Eastern Europe, a detailed summary and review of 2005 Central and Eastern European flood activity. The report, available in both English and German, also …
Ever since Hurricane Katrina devastated New Orleans, 2005 looked certain to be a record-breaking year for insured losses. Swiss Re’s newly issued sigma report has now confirmed the sad fact. According to preliminary estimates (the full and exact figures won’t …
Zurich Financial Services Group announced the appointment of Markus Hongler, 48, as the new CEO in charge of its Swiss business effective Jan. 1, 2006. He succeeds Hans-Jürg Bernet, 56 who is retiring after serving as Swiss CEO since 2001. …
Zurich Financial Services announced that it is launching an international corporate brand campaign, following what the bulletin described as a “significant business turnaround.” The Group is commencing the campaign “as the next important step in pursuit of its goal of …
The United Nations 2005 Climate Change Conference gets under way in Montreal today – the first such meeting to be held since the Kyoto Agreement came into force earlier this year, and the largest gathering since the Kyoto Conference itself …
It pays to be big, and it pays to invest. That’s the lesson one takes away from Munich Re’s third quarter earnings bulletin. Despite the heaviest catastrophe losses in the industry’s history from Katrina and the other hurricanes, the world’s …
A.M. Best Co. has upgraded the public data rating to A- (Excellent) from B+ (Very Good) of Liberty Mutual Insurance Europe Limited (LMIEL) (United Kingdom). Public data (pd) ratings reflect a quantitative analysis of a company’s results based on publicly …
The American Insurance Association (AIA) on Friday commended U.S. trade negotiators for their efforts to revive World Trade Organization (WTO) talks and provide hope for the opening of global insurance markets. “We strongly urge other nations to follow the lead …
