The European Commission, the executive body of the European Union, has proposed the adoption of new regulations, requiring EU insurers...
International & Reinsurance News
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...
Standard & Poor’s announced that it has upgraded its insurer financial strength and counterparty credit ratings on New Zealand-based NRMA...
Standard & Poor’s announced that it has affirmed its single-‘A’-minus counterparty credit and insurer financial strength ratings on U.K.-based BRIT...
Poland’s recently installed government has reportedly thrown up a new barrier for the Eureko consortium to pass in its quest...
Bermuda’s XL Capital Ltd has announced several management changes. Willi Suter, President and CEO of XL Winterthur International, XL’s large...
The U.K.’s Royal & Sun Alliance announced increases in its loss reserves totaling £401 million ($571 million), principally from rising...
Lloyd’s of London confirmed analysts’ expectations with its second cash call to syndicate members in four months, asking them to...