The second bi-annual conference of the Federation of European Risk Management Associations, which wrapped up proceedings on Wednesday in Rome, featured presenters and workshops that highlighted both the similarities and the differences in the U.S. and the European approach to …
Bermuda’s XL Capital has announced three appointments in its insurance operations. Don Baker, Hans Gmuender and Dennis Nishikawa have been named to new executive broker and client relations positions. “The new positions will increase the focus of XL’s insurance operations …
The entire Italian Peninsula from Venice to Sicily was plunged into darkness early Saturday morning by a massive power failure that knocked out the national electrical grid, stranding travelers, creating chaos in the streets and largely bringing the country to …
Standard & Poor’s Ratings Services revised its outlook on the core operating entities of the Switzerland-based composite insurance group Zurich Financial Services (collectively ZFS) and the outlook on the group holding company, Zurich Group Holding (ZGH), to stable from negative. …
New York’s Superintendent of Insurance Gregory V. Serio announced that the deadline for Holocaust survivors and their heirs to file insurance claims with the International Commission on Holocaust Era Insurance Claims (ICHEIC) in order to obtain benefits from any Holocaust-era …
Due to the significant number of ratings announcements released recently, the IJ offers the following summary of actions taken by the rating agencies indicated. More complete information can be obtained directly from the agencies. Standard & Poor’s has lowered its …
A.M. Best Co. announced that it has “affirmed the financial strength rating of A (Excellent) of the Swiss-based Converium Group and its core subsidiaries. “Based,” said Best, “on Converium’s excellent capitalisation, improving performance, enhanced profile in certain reinsurance classes and …
XL Capital Ltd announced that it will host its first ever global risk conference, the XL Capital Congress, September 4-5 in Montreux, Switzerland on the theme “Thought Leadership for a World at Risk.” The conference formerly known as the WinConference, …
AIR Worldwide Corporation (AIR) announced the release of its 2003 European extratropical cyclone model, which is used by insurers and reinsurers to price contracts and manage risk from these windstorms. The model incorporates the latest advances in AIR’s numerical weather …
The 39th annual seminar of the International Insurance Society (IIS), hosted by the Insurance Information Institute, is scheduled to be held July 13-16, at the Waldorf-Astoria in New York. Among the issues to be discussed by many of the world’s …
