Switzerland News

TT Club Boosts Presence in North Europe Markets

The U.K.-based TT Club, a leading transport insurance mutual, announced that it is assigning more resources to expand its presence in the continental European market, particularly in Germany, Scandinavia and the Benelux Countries. TT has named Niels H. Aaskov to …

Best Downgrades Converium North America Financial Strength Rating

A.M. Best Co. has downgraded the financial strength rating to “B” (Fair) from “B++” (Very Good) of Converium Insurance (North America) Inc. (CINA) (Fort Lee, N.J.) following the latest announced business plan by its parent company, Converium AG (Converium) (Switzerland). …

R&M Releases International Reinsurance Review

Dublin-based Research and Markets announced the addition of International Reinsurance Review 2004 / 05 to their offering. “The need for true (re)insurance professionals to be kept up to date on a multitude of issues has never been more important in …

People and Places

Ernst Csiszar The Board of Governors of the Property Casualty Insurers Association of America (PCI) named South Carolina Director of Insurance and current president of the National Association of Insurance Commissioners Ernst Csiszar to serve as the association’s next president …

People and Places

Troy Moody Denver-based Moody Insurance Agency, which specializes in insurance, risk management and bonding services for contractors, announced Troy Moody has been named the company’s first COO. In his new role as COO and vice president, he will oversee day-to-day …

Best Announces Various Rating Actions on Zurich

A.M. Best Co. announced that it has affirmed the financial strength ratings of “A” (Excellent) of Swiss-based Zurich Financial Services Group (ZFS) and its core subsidiaries. It has also assigned an issuer credit rating (ICR) of “a” to each of …

People and Places

Ernst Csiszar The Property Casualty Insurers Association of America (PCI) has named South Carolina Director of Insurance and current president of the National Association of Insurance Commissioners (NAIC) Ernst N. Csiszar to serve as the association’s next president and chief …

Csiszar Named President of PCI; Resigns as S.C. Insurance Regulator, President of NAIC

Ernst N. Csiszar The Board of Governors of the Property Casualty Insurers Association of America (PCI) has named South Carolina Director of Insurance and current president of the National Association of Insurance Commissioners Ernst N. Csiszar to serve as the …

Bremer, Gorbachev, Bacall to Address Leadership Forum

Ambassador Paul Bremer, who headed up the provisional government in Iraq, and Mikhail Gorbachev, the former Soviet leader whose policies are credited with ending the Cold War, will be the keynote speakers at the 91st annual Insurance Leadership Forum at …

Best Downgrades Converium AG

A.M. Best Co. has downgraded the financial strength ratings of Converium AG (Switzerland) and its rated core subsidiaries (collectively referred to as Converium) to “A-” (Excellent) from “A” (Excellent). At the same it has downgraded all issuer credit ratings and …