Romania and Bulgaria, two of Europe’s poorest countries, officially became members of the European Union on New Year’s Day, bringing the total to 27. Celebrations in Bucharest and Sofia greeted the two countries’ new status. The EU now numbers nearly …
Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Czech Republic-based insurer CSOB Pojistovna, a. s. to “BBB+” from “BBB-” and has assigned a positive outlook. “The upgrade reflects …
France’s AXA Group has received approvals from U.S., Swiss and the European Commission antitrust authorities for its CHF12.3 billion ($9.89 billion) agreement to acquire Winterthur Swiss Insurance Co. from Credit Suisse, its current owner. AXA said that “subject to the …
It’s not just the Italian Football (soccer) team that’s in an expansive mood. Italy’s Generali Group announced that it has signed an agreement for the acquisition of a 51 percent shareholding in Bulgarian insurer Orel-G Holding AD. The shares will …
Spring floods have forced the evacuation of thousands of people from low lying areas in the Czech Republic, Slovakia and parts of Eastern Germany, as rivers, swollen by rains and melting snow inundated a number of towns and villages. 6 …
Standard & Poor’s Ratings Services announced that it has affirmed its “BBB” long-term counterparty credit and insurer financial strength ratings on Czech insurer Ceska pojistovna a.s. (Ceska) with a stable outlook. “The ratings reflect the company’s strong competitive position and …
AEGON-CNOOC Life Insurance Company Ltd., the 50/50 joint venture of AEGON with China National Offshore Oil Corporation (CNOOC), has signed national cooperation agreements with two leading banks in the People’s Republic of China: the Industrial and Commercial Bank of China …
One would have thought that the crisis in the European Union, provoked when French and Dutch voters rejected the proposed EU Constitution, might have caused a bit of soul-searching and reassessment on the part of Europe’s leaders. One would be …
American International Group Inc. announced that its wholly owned subsidiary, Paris-based AIG Europe, S.A., has received approval from the Insurance State Supervision Service of Georgia for the establishment of a branch in Tbilisi, Georgia. “The AIG Companies are well established …
Standard & Poor’s Ratings Services announced that it has assigned its “BBB-” long-term counterparty credit and insurer financial strength ratings to CSOB Pojistovna a.s., the Czech Republic-based operating subsidiary of Belgium-based KBC Insurance N.V. (A+/Stable/–), with a stable outlook. “The …
