Bermuda’s two largest insurers, ACE and XL, both announced disappointing fourth quarter results, with ACE’s net income down around 60...
International & Reinsurance News
Global insurance broker Willis Group Holdings Limited reported record revenue and operating earnings growth for both the fourth quarter and...
Standard & Poor’s announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on the operating...
Bermuda’s PartnerRe Ltd. reported results for the fourth quarter and full year which reflected the tumult felt by many insurers...
Toro, the insurance division of Italy’s Fiat, has withdrawn its offer to acquire a 22 percent stake in Fondiaria, the...
According to reports in the Polish newspaper Rzeczpospolita the Anglo-Swiss Group Zurich Financial Services plans to withdraw from both the...
The European Commission, the executive body of the European Union, has proposed the adoption of new regulations, requiring EU insurers...
The recent revelations that the Allied Irish Bank has lost an estimated $750 million from the unauthorized operations of a...
German insurance giant Allianz AG confirmed the adverse affects of last September’s attacks on the World Trade Center with the...
Germany’s Allianz AG announced that it plans to acquire the minority interests of shareholders in its subsidiaries Dresdner Bank, Hermes...