Standard & Poor’s affirmed its ratings on French reinsurer SCOR and its subsidiaries and removed them from CreditWatch. It also assigned a triple-‘B’-minus counterparty credit rating to Alea Group Holdings AG (AGH), the Switzerland-based holding company of the Alea group. …
Prudential U.K. confirmed reports which first appeared last week that it has reached an agreement to sell its general insurance business to Switzerland’s Winterthur, the insurance arm of Credit Suisse/First Boston, for £353 million ($516 million) in cash and other …
According to a report in London’s Financial Times Switzerland’s Winterthur, the insurance arm of Credit Suisse First Boston, has reached an agreement to acquire the general insurance business of Prudential U.K. for around £450 million ($653 million). Winterthur has apparently …
Despite the record losses terrorism wreaked on the insurance industry since the Sept. 11 attacks on the World Trade Center, the global insurance business not only remains on solid footing with the powerful backing of European and U.S. reinsurance giants …
American International Group and the European insurance consortium Eureko Alliance have agreed to form a cooperative venture to market and service multinational employee benefits programs worldwide. They plan to establish a joint office in Zurich, Switzerland, and will establish joint …
Swiss Re’s forum on the potential impact of “greenhouse gas emissions” on global business opens today with a news conference at 12:30 p.m. CET at its Centre for Global Dialogue in Ruschlikon, Switzerland. Topics to be discussed at the two-day …
A number of global insurers/reinsurers have acknowledged greater exposure to claims related to the destruction of the World Trade Center, with increased estimates for the amount they expect to pay out. The total cost to the world insurance industry of …
American International Group Inc. (AIG) has announced that its member companies have completed the placement, on behalf of the co-insurance market, of aviation war risk and hijacking liability coverage that makes available coverage totaling $1 billion per airline in excess …
Swiss Re’s Center for Global Dialogue in Ruschlikon, Switzerland will be the setting for a conference on October 11 & 12 aimed at exploring ways for businesses to reduce greenhouse gas emissions and finding solutions for a sustainable climatic future. …
A.M. Best announced a series of rating decisions affecting companies in the U.S., Europe and Canada. On a positive note it affirmed the A+ (Superior) rating of the Swiss Group Winterthur and the A-(Excellent ) ratings for London’s BRIT Insurance …
