Catastrophe modeling firm AIR Worldwide’s report on Windstorm Ulli notes that it is “passing through Scandinavia and is expected to dissipate as it moves over the Baltic Sea today. “A class 2 weather warning from the Swedish Meteorological and Hydrological …
Can you unscramble an omelet? That, in essence, is what euro zone leaders and the global monetary policy elite will have to do if the euro zone is to be reshaped in any semblance of an orderly manner, be it …
Torus Insurance announced that it has “enhanced its offering in Europe with the appointment of Brian Byrnes as Senior Underwriter for General Property and Marco Sonntag as Senior Underwriter for Casualty.” They are based primarily in Torus’ Cologne office, and …
Catastrophe risk modeling firm AIR Worldwide has released an inland flood model for Germany, which it said “offers a fully probabilistic approach for determining the likelihood of flood losses from all types of storms. The model provides insurers and reinsurers …
The leaders of Germany and France told Greece on Wednesday it would not receive another cent in European aid until it decides whether it wants to stay in the euro zone. They also made clear that saving the euro was …
The London-based Liberty International Underwriters in Europe (LIU Europe), a member of Liberty Mutual Group, has opened a new office in Hamburg, Germany, aimed at to strengthening “its position as a competitive, niche player in the region. “LIU Europe has …
The U.S. Securities and Exchange Commission does not plan to charge Allianz SE for illegal activity at its private equity investments, according to two people familiar with the matter, in a case that could have tested the agency’s reach. Europe’s …
A.M. Best Europe – Rating Services Ltd. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of ‘aa’ of Germany’s Allianz Societas Europaea (Allianz SE) and a number of its key subsidiaries. The outlook …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of ‘aa-‘ of Generali Deutschland Holding AG and its main subsidiaries. The outlook for all of the ratings …
UK travel insurer Columbus Direct, which is part of the Collinson Insurance Group, announced the expansion of its range of low cost travel products into the German market. The bulletin said a “range of travel insurance products will now be …
