A.M. Best Co. has assigned a financial strength rating of “A” (Excellent) and an issuer credit rating of “a” to Finland’s Tapiola General Mutual Insurance Company (also known as Keskinainen Vakuutusyhtio Tapiola) with a stable outlook. “The ratings reflect the …
In a recently issued bulletin Lloyd’s said it has “reaffirmed its position as the world’s leading specialist insurer with new figures that reveal the global spread of its business in 2005.” According to newly published figures, Lloyd’s notes that in …
Zurich Financial Services Group announced that Zurich Insurance Ireland Limited (ZIIL), the EU-wide risk carrier for Zurich Global Corporate business, has opened branches in France, Sweden and Finland in addition to its UK branch, which was established in May of …
Standard & Poor’s Ratings Services announced that it has raised its counterparty credit and insurer financial strength ratings on Finland-based Pohjola Non-life Insurance Co. Ltd. two notches to “A+” from “A-.” S&P also removed the ratings from CreditWatch with positive …
Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Sweden-based If P&C Insurance Ltd. (publ) and Finland-based If P&C Insurance Co. Ltd., the core operating entities of the If …
Standard & Poor’s Ratings Services announced that it has placed its counterparty credit and insurer financial strength ratings on Finnish insurer Pohjola Non-life Insurance Co. Ltd. on CreditWatch with positive implications. S&P took the action after Finland’s OKO Bank (OKO …
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 …
California isn’t alone in trying to cope with deadly weather. Northern Europe has been lashed by the most powerful storm to hit the continent since Lothar and Martin ravaged France, Switzerland and Germany in 1999. This time, due to a …
A severe winter storm, packing winds up to 150 km/hr (94 mph) and heavy rains has paralyzed much of Northern Europe, caused at least 14 deaths, knocked out power over wide areas and severely interrupted sea, air and land transport. …
Germany’s Allianz announced that it has been providing “on the ground” support to customers in Phuket, Thailand, the popular tourist island which was hit by the tsunamis that devastated Southeast Asia. “When Allianz in Thailand heard of the tsunami on …
