Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Sweden’s If P&C Insurance Ltd. and Finland’s If P&C Insurance Co. Ltd., which are both operating entities of the If …
Standard & Poor’s Ratings Services announced that it has assigned its ‘A-‘ long-term counterparty credit and insurer financial strength ratings to Finland-based Pohjola Non-Life Insurance Co. Ltd. with a stable outlook. “The ratings are based on Pohjola’s very strong capitalization …
Sweden’s Skandia has issued a bulletin announcing that details of the sale of its19.36 percent stake in If P&C Insurance to Finland’s Sampo plc have been completed. The two companies first announced the sale last February. As part of the …
Toronto-based Rent Shield Corp, a provider of pass-through risk specialty insurance and reinsurance products, announced that it has received a Binding Agreement from Tysers International Insurance and Reinsurance Brokers confirming completion of a $U.S.120 million underwriting placement with Lloyd’s. The …
Zurich Financial Services announced plans to cease insurance activities in three Baltic States. It has reached a preliminary agreement for the transfer of its insurance portfolios in Latvia and Lithuania to If P&C, based in Helsinki, Finland, and plans to …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘A-‘ long-term counterparty credit and insurer financial strength ratings on the Swedish insurer If Property & Casualty Insurance Ltd. and Finland’s If P&C Insurance Co. Ltd. (formerly Sampo Insurance …
Local authorities in the town of Kuta on the Indonesian island of Bali have confirmed that at least 190 people died, and more than 300 were injured, when an enormous explosion completely destroyed the Sari Club, a local discotheque, and …
Nordea, Scandinavia’s largest financial services and insurance group, announced that CEO Thorleif Krarup has resigned “for family reasons,” and will be succeeded by Lars G. Nordstroem. Nordea, formed in 2000 by a merger between Finland’s Merita Bank and Sweden’s Nordbanken, …
According to several news reports, Norway’s largest financial institution, DnB Holdings, which is 47 percent government owned and includes Den Norske Bank, is seeking to acquire Storebrand ASA, the country’s largest insurer. DnB acquired a 10 percent stake in Storebrand …
Standard & Poor’s announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on the operating entities of Scandinavia’s If P&C Group to single-‘A’-minus from single-‘A’, with a stable outlook. The group includes Sweden-based If Property …
