Standard & Poor’s Ratings Services has assigned its ‘A’ counterparty credit and financial strength ratings to Switzerland-based Catlin Re Switzerland (CRCH), a new insurance entity created as a subsidiary to Catlin Insurance Co. Ltd. (CICL; A/Stable). The outlook is stable. …
French reinsurer SCOR Group has launched the SCOR Global Risk Center, as part of the Group’s strategic plan for 2010-2013, “Strong Momentum”, and is in line with its long-term commitments. The bulletin noted that “SCOR has already developed several partnerships …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Swiss-based Amlin AG, a reinsurance subsidiary of the Amlin Group, which was formerly based in Bermuda as …
Catlin Group Limited, the international specialty property/casualty insurer and reinsurer, announced that its reinsurance subsidiary, Catlin Re Switzerland Ltd. has received approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate as a reinsurance company. Catlin announced the Company’s …
Floods, Windstorms, Droughts, Heat Waves and Wildfires There was a time in the not-so-distant past when events such as these would have been considered somewhat unusual in Europe. But these days, extreme weather events are becoming a much more common …
Two large privately-held and independent insurance brokers, U.S.-based Lockton and Germany’s Funk Group, said they will expand their risk management service alliance. Through the alliance, Funk will provide risk management support for Lockton clients in Germany, Switzerland, Austria and some …
Insurance brokers Lockton and Germany’s Funk Group announced that they will expand their risk management service alliance. “Through the alliance, Funk will provide risk management support for Lockton clients in Germany, Switzerland, Austria and some Eastern European countries,” said the …
Heavy snow caused travel chaos across much of northern Europe on Thursday, keeping London’s Gatwick airport closed for a second day and disrupting road and rail travel in France, Germany and Switzerland. Days of sub-zero temperatures and snow in Britain, …
Negotiators for the Irish government and the European Union put the finishing touches on an €85 billion [$113 billion] bailout for the beleaguered country over the weekend. The agreement follows Ireland’s somewhat reluctant acceptance that the situation with its banks …
Lloyd’s of London notes that “after almost a decade of development regulators are now putting the finishing touches to Solvency II, new rules governing European insurers’ capital adequacy. The regime is set to modernize the way European insurers are supervised, …
