Germany’s Allianz announced that it has been providing “on the ground” support to customers in Phuket, Thailand, the popular tourist island which was hit by the tsunamis that devastated Southeast Asia. “When Allianz in Thailand heard of the tsunami on …
A.M. Best Co. announced that it has affirmed the financial strength ratings of “A+” (Excellent) of Swiss Reinsurance America Corporation, headquartered in Armonk N.Y., and its P/C insurance subsidiaries, which comprise the Swiss Re America Group. “These ratings apply to …
As scenes of utter devastation played across the world’s television screens, local authorities and volunteer rescue workers continued the grim job of collecting and burying the bodies of the victims who perished in the massive onslaught of tidal waves in …
Swiss Re CEO John Coomber will deliver the keynote address at the 2005 LOMA International Underwriting Congress (IUC) scheduled to take place April 17-20 at the NogaHilton Hotel in Geneva, Switzerland. Coomber, the first U.K. national to head Swiss Re, …
According to a recent e-mail survey, conducted by the Federation of European Risk Management Associations (FERMA), risk managers and their associations have long questioned how brokers are compensated. FERMA queried the members of its Forum 2005 committee to find out …
A report from the Financial Times indicates that France’s Axa Group is in serious discussions with Credit Suisse to acquire Winterthur, the banking group’s insurance division. Credit Suisse had dropped hints earlier this month that it would be interested in …
Aon Re Services Global Accident, Health and Life announced that Eduardo Jean-Mairet has joined the Life practice group as Director – Structured and Traditional Life Reinsurance (Europe). “He will use his expertise and the resources provided by Aon Re Global …
A.M. Best Co. announced that it has placed the financial strength rating of “A” (Excellent) of U.K.-based Zurich Specialties London Limited (ZSL) under review with negative implications. Best explained that it had taken the action in order to “reassess ZSL’s …
Standard & Poor’s Ratings Services announced that it has affirmed all ratings on the core operating entities of Switzerland’s composite insurance group Zurich Financial Services (ZFS). These include its “A+/A-1” counterparty credit and insurer financial strength ratings on Zurich Insurance …
Zurich Financial Services Group (ZFS) announced the appointment of Geoff Riddell (48) and Dieter Wemmer (47) to the Group Executive Committee effective immediately. Riddell will continue to serve as CEO of Zurich’s Global Corporate Business, the position he has held …
