The North Atlantic hurricane season runs from mid-August to October, with a strong peak in storm activity around the middle of September. A less familiar but even more destructive pattern of disturbances is the financial hurricane season, which coincides with …
European Central Bank President Mario Draghi said on Friday he was pleased with steps taken at the summit of EU leaders, including a decision to allow direct recapitalization of banks, but added that future aid must be tied to strict …
Following the rating actions taken in December 2011, A.M. Best Europe announced that it has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Germany’s Allianz Societas Europaea and its subsidiaries, as …
