Switzerland
Swiss insurer refinances bond with new issue
Swiss insurance group Helvetia Holding today issued a bond with a volume of CHF 150m and a term of three years.
Zurich names CEO's successor
Zurich Financial Services has appointed Cecilia Reyes as chief investment officer and member of the group executive committee, effective 1 April 2010, reporting directly to chief executive officer Martin Senn.
Zurich names CEO's successor
Zurich Financial Services has appointed Cecilia Reyes as chief investment officer and member of the group executive committee, effective 1 April 2010, reporting directly to chief executive officer Martin Senn.
Zurich to restate results after changing US accounting
Zurich has decided to implement a hedging strategy which it claims will better manage its economic exposure and reduce the volatility associated with its closed block of variable annuities products within its US life business.
Zurich to restate results after changing US accounting
Zurich has decided to implement a hedging strategy which it claims will better manage its economic exposure and reduce the volatility associated with its closed block of variable annuities products within its US life business.
Flagstone proposes domicile move
Flagstone Re has said that it wants to move domicile from Bermuda to Luxembourg.If approved by shareholders, Flagstone said that it expects the redomestication to take place over several months.
Flagstone proposes domicile move
Flagstone Re has said that it wants to move domicile from Bermuda to Luxembourg.If approved by shareholders, Flagstone said that it expects the redomestication to take place over several months.
Swiss insurer reports 39.1% leap in profits
Business volume rose 20% to CHF 6,711m (2008: CHF 5712.3m), and it had a combined ratio (net) of 91.8 per cent (2008: 89.1 per cent).
Chaucer redomiciliation likely over tax fears
Chaucer has indicated that high corporation tax in the UK could force it to redomicile to Switzerland, Bermuda or Ireland in 2011, despite posting an increase in profit of £134.8m for 2009.
Generali GI premiums down in 2009
During 2009, performance slipped in motor policies (-2.4%), affected by the trend in policy rates, particularly in the first nine months, Generali added, and the decrease in new vehicle registrations.
Generali GI premiums down in 2009
During 2009, performance slipped in motor policies (-2.4%), affected by the trend in policy rates, particularly in the first nine months, Generali added, and the decrease in new vehicle registrations.
European bancassurance remains viable claims Fitch
However, in its latest study is added there is limited benefit in running a conglomerate bank-insurance organization, where there are typically few operational links between a bank and an insurer.
European bancassurance remains viable claims Fitch
However, in its latest study is added there is limited benefit in running a conglomerate bank-insurance organization, where there are typically few operational links between a bank and an insurer.
Swiss Re says capital position "fully restored"
Swiss Re said that it has excess capital of 9bn CHF at 'AA' ratings level, and added that its capital position is 'fully restored'.
Swiss Re says capital position "fully restored"
Swiss Re said that it has excess capital of 9bn CHF at 'AA' ratings level, and added that its capital position is 'fully restored'.
Marsh sees trade credit rates increase up to 50% across Europe
Increases in financial institutions' insurance ranged from more than 40% to 50% in Turkey, to 10% in Switzerland and South Africa. In the UK and Ireland, increases ranged from 10% to 30%.
Marsh sees trade credit rates increase up to 50% across Europe
Increases in financial institutions' insurance ranged from more than 40% to 50% in Turkey, to 10% in Switzerland and South Africa. In the UK and Ireland, increases ranged from 10% to 30%.
Catlin raids Swiss Re for CIO
Catlin Group has appointed Martin Zingg as chief investment officer with effect from 1 March.
Catlin raids Swiss Re for CIO
Catlin Group has appointed Martin Zingg as chief investment officer with effect from 1 March.
Ace reports strong profits increase
Ace, the Switzerland-based (re)insurer, said that fourth quarter and yearly pretax profits grew.
CEIOPS agrees to co-operate closer with Swiss regulator
Members have also decided the Swiss supervisory regime of reinsurance undertakings equivalent to that applying to EU reinsurers.
CEIOPS agrees to co-operate closer with Swiss regulator
Members have also decided the Swiss supervisory regime of reinsurance undertakings equivalent to that applying to EU reinsurers.
Swiss GI premiums up 0.7% in 2009
SIA added it is striving for the "recognition of the equality of supervision between the EU and Switzerland" with regards Solvency II
Swiss GI premiums up 0.7% in 2009
SIA added it is striving for the "recognition of the equality of supervision between the EU and Switzerland" with regards Solvency II