The ACE Group announced the appointment of Michael Furgueson to the newly created post of President, Multinational Client Group, ACE Overseas General. He will be responsible for leading the company’s commercial property and casualty insurance capabilities targeted to large multinational …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on the core and guaranteed operating subsidiaries of the Swiss-based reinsurance group PARIS RE Group, including PARIS RE S.A. and PARIS RE Switzerland Ltd., …
Willis Group Holdings announced that Michiel Bakker has been appointed Managing Director and Head of Europe for its Willis Capital Markets and Advisory unit, formed earlier this year to expand the broker’s capital markets and merger and acquisitions advisory services …
Switzerland’s largest banks and insurers will have to defer the bulk of managers’ bonuses and better match pay to performance under new rules aimed at curbing risky investments. Swiss financial regulator FINMA had planned to impose the rules on the …
Move over Switzerland. The tiny U.S. state of Delaware beats the Alpine country in a contest for the most secretive financial jurisdiction, a tax justice rights group said. The United States, led by the eastern seaboard state, took in $2.6 …
The goal of signing a new global commerce deal in 2010 is out of reach unless countries accelerate their negotiations, the World Trade Organization’s Director-General Pascal Lamy said on Friday. The WTO’s 153 members must turn vague discussions on the …
Zurich Insurance Company Ltd. announced the appointment of Rainer Sommer as Chief Operating Officer (COO) for Middle East General Insurance, a newly created position. He will lead the development and management of the operations for Global Corporate and General Insurance …
Zurich Financial Services Group has appointed Scott Egan, 38, to the position of group head of Operations, Planning and Performance Management, effective Oct. 5, 2009. Egan currently serves as chief financial officer (CFO) for UK General Insurance. In his new …
The Zurich Financial Services Group has appointed Thomas Sepp (41, German citizen) to the position of Chief Operating Officer for Europe General Insurance (EGI), effective October 1, 2009. He succeeds Claudia Dill, who was appointed CEO for the North America …
Guy Carpenter & Company, LLC has published its annual update on legislative and legal developments affecting insurers and reinsurers in Continental Europe. The report – available at: www.GCCapitalIdeas.com – “addresses the implications of the ongoing global financial crisis and highlights …
