London-based Allianz Global Risks, a unit of Germany’s Allianz AG, announced that it will act as the lead insurer for the second Orinoco River Bridge Project. At 2,140 kilometers (1285 miles), the Orinoco is South America’s third largest river, running …
Liberty Mutual Group announced that it has concluded the acquisition process by its Spanish subsidiary, Liberty Insurance, of MetLife’s Spanish operations, including its non-life subsidiary, Genesis Seguros Generales, S.A., and its life subsidiary, Seguros Genesis, S.A. The companies offer auto …
Boston-based Liberty Mutual Group announced that its subsidiary, Liberty International, has signed an agreement to acquire Winterthur’s Portuguese business units and branch offices, including its subsidiary companies Companhia Europeia de Seguros and Winterthur Pensoes. The terms of the deal were …
The ACE Group of Companies announced it will provide funding for 20 New York City firefighters to compete in the World Firefighters Games in New Zealand. While in New Zealand, the participating New York City firefighters will also be guests …
Swiss Re has released its latest “sigma” study, which examines the insurance industry in Latin America emphasizing the growth potential of the region, but warning of the necessity to increase profitability. Sigma 2-2002 cited three main areas “impacting the Latin …
Mapfre America bought a stake of 32.9 percent — a total of 18.1 million shares costing — in Venezuelan insurance group La Seguridad through the Caracas stock market as the last stage in its public offer for the latter operation …
Liberty Mutual Group is adding to its operations in Spain by purchasing Royal & Sun Alliance’s property and casualty and life insurance operations in the country. The purchase will expand Liberty Mutual Group’s Spanish base, which began when its subsidiary …
Preliminary reports indicate that there were no survivors following the crash of a DC-3 on a flight in Venezuela carrying tourists, among them six Americans, to view Angel Falls. The plane, one of over 1000 of the legendary DC-3’s still …
More than 50 accident victims directed angry protests against the Ford Motor Company in Venezuela on Wednesday at a meeting arranged by the government to discuss compensation for the damages resulting from accidents involving the Ford Explorer equipped with allegedly …
Venezuela joined the growing list of countries demanding the recall of allegedly defective tires made by Bridgestone-Firestone, and used primarily on Ford sport utility vehicles, with the announcement that the company would recall 62,000 tires made in its Venezuelan plant. …
