The UK’s Amlin plc announced that it has entered into an agreement to acquire Fortis Corporate Insurance N.V. (FCI), an important provider of corporate P/C insurance in the Netherlands and Belgium, from the Dutch government for €350 million ($497 million). …
More European insurers unveiled writedowns on their investments in a second wave of first-quarter results on Thursday, although some said sales were proving relatively resilient. Analysts said investors were left with something of a mixed picture, with signs of improving …
They flock from other states to the coast known as the Grand Strand in Myrtle Beach, S.C., first as tourists, and later as residents, captivated by ocean views, rolling green fairways and the relaxed lifestyle. Most knew that an occasional …
Standard & Poor’s Ratings Services has revised its rating implications to positive from developing on the CreditWatch placement of its ‘BB’ long-term counterparty credit ratings and ‘B’ short-term counterparty credit ratings on Fortis SA/NV and Fortis N.V. (together, “Fortis”), the …
They flock from other states and climes to the coast known as the Grand Strand, first as tourists, and later as residents, captivated by ocean views, rolling green fairways and the relaxed lifestyle. Most knew that an occasional hurricane was …
A former Miss West Virginia has won a $7.2 million verdict against nine Internet companies that tried to sell pornographic videos they falsely claimed featured her. A jury in U.S. District Court in Clarksburg last week ordered each defendant to …
Fortis NV Wednesday postponed a shareholder vote until April 28-29 on the sale of its former banking arm to BNP Paribas SA, casting fresh doubt over whether it can complete the deal. Fortis investors, who blocked BNP’s purchase of 75 …
BNP Paribas, the French bank embroiled in plans to carve up struggling rival Fortis, posted an expected fourth-quarter loss and said market conditions would remain tough in 2009. France’s biggest bank by market capitalisation on Thursday reported a net loss …
Standard & Poor’s Ratings Services has revised its implications to negative from developing on the CreditWatch placement of its ‘A’ long-term counterparty credit and insurer financial strength ratings on Fortis Insurance Belgium (FIB). “The negative implications reflect increasing uncertainties about …
French bank BNP Paribas and stricken Belgian financial group Fortis have agreed to revisions to the latter’s carve-up on Friday in a bid to convince Fortis investors angered by the initial terms to accept the deal. The Belgian government, which …
