Germany’s Allianz announced that it has reached an agreement with employee representatives of its Italian subsidiary RAS Holding S.p.A on “the future structure for the operational and corporate codetermination of Allianz SE.” The deal clears the way for Allianz to …
Quanta Capital Holdings Ltd. announced that it has completed the sale of Environmental Strategies Consulting LLC (ESC) to WSP Environmental Holdings, Inc., a division of the U.K.-based management and consulting firm WSP Group plc. Quanta, which is in runoff, except …
The U.K.’s Aviva plc announced that its British business Norwich Union has targeted some 4000 jobs for elimination in an initiative to “reduce duplication and improve efficiency to deliver annual cost savings of £250 million [$470 million] in 2008 at …
After years of trying to integrate modern electronic processing, the London market seems to have finally turned the corner. Following the announcement from RI3K on Monday abouts its new V3 system (see IJ Website Sept. 11), Xchanging the London-based business …
U.K.-based specialty and Lloyd’s insurer Hiscox plc posted a mixed first half performance. According to its recently published statement gross premiums written rose 43 percent to £625.1 million ($1.167 billion) compared to £437.2 million ($816.65 million) in the first half …
The U.K.-based Beazley Group plc has announced the appointment of Gordon Hamilton as an independent, non-executive director, with effect from 8th September 2006. He will also join Beazley’s audit and remuneration committees. “Gordon has over 30 years experience as an …
Risk Management Solutions, a Newark, Calif.-based provider of products and services for the management of natural hazard risk, released its probabilistic Germany River Flood model to assess both off and on-flood plain risks, to price and underwrite policies and manage …
CIGNA International has extended its expatriate benefit service through the expansion of its “CIGNALinks(R)” chain to Hong Kong, China, Taiwan, Spain and five countries in the Middle East – the Kingdom of Saudi Arabia, the United Arab Emirates, Bahrain, Qatar, …
The British Chambers of Commerce (BCC) has teamed up with AIG Europe (UK) Limited to provide small and mediums sized businesses (SMEs) with tailored insurance solutions and advice on business risk management. “Recent research has exposed that many small businesses …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of U.K.-based Markel International Insurance Company Limited (MIICL) with a stable outlook. Best said that it anticipates that in 2006 and …
