All the headlines from our Italy Topic Page, ordered by recency.
Jan 4 2012 // France’s AXA S.A. has again topped the list of the world’s 25 largest insurance companies, based on premiums written, compiled by A.M. Best. The lists, which were compiled both on asset value and on net...
Dec 22 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Calif.-based Heritage Indemnity Company, both with stable outlooks. The ratings of...
Dec 21 2011 // Although the recent summit of the 27 countries of the European Union did manage to come up with a plan to control budget deficits – in the future – it “took no clear short term actions to address the debt...
Dec 20 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and downgraded the issuer credit ratings (ICR) to “aa-” from “aa” of Allianz Global Corporate & Specialty...
Dec 20 2011 // A.M. Best Co. has placed under review with negative implications and has also affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of...
Dec 16 2011 // Following its announcements, made earlier this week, A.M. Best Europe – Rating Services Limited is continuing to take rating actions on a number of European (re)insurers, as a result of the continued negative...
Dec 15 2011 // As a result of the continued negative developments regarding the euro zone sovereign debt crisis, A.M. Best Europe – Rating Services Limited has downgraded the financial strength rating (FSR) to ‘A’...
Dec 15 2011 // A.M. Best Europe – Rating Services Limited has reacted to the ongoing sovereign debt crisis in the euro zone, which it describes as “continued negative developments” with a number of rating actions, starting...
Dec 14 2011 // Europe’s “no pain no gain” attitude to solving its sovereign crisis risks exacerbating the bloc’s problems, choking off the very growth needed to raise the money to pay down the debt.From Athens to...
Dec 12 2011 // Willis Italy, a unit of Willis Group Holdings, announced the acquisition of Broking Italia SRL, a long-established specialist in the Italian insurance market, founded and currently headed by Gianfranco Agostini and Daniela...
Dec 12 2011 // Standard & Poor’s Ratings announced that it has placed its ratings on the following insurers (and certain related operating subsidiaries and certain holding companies) on CreditWatch with negative...
Nov 21 2011 // A.M. Best Europe – Rating Services Limited has taken action in the wake if the Italian financial crisis by placing the financial strength rating of ‘A+’ (Superior) and issuer credit rating of...
Nov 18 2011 // UK-based insurer AmTrust Europe, Ltd., a FSA [Financial Services Authority] authorized insurance company, which already has had operations in Italy “under freedom of services (LPS) for a number of years,”...
Nov 15 2011 // Catastrophe modeling firm AIR Worldwide has issued a report on the heavy rains, which caused widespread flooding in France and Italy during the first week of November.The storms were caused by a “low pressure system...
Nov 7 2011 // Continuing heavy rains have caused serious flooding in southern France and throughout Italy, with little letup in sight. In western England an horrendous crash on the M25 motorway in Somerset, involving 34 cars and trucks,...
Nov 3 2011 // 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...
Nov 2 2011 // Italy’s top financial officials will meet later on Wednesday, as the escalating market turmoil threatens to push the euro zone’s third largest economy into a debt crisis that could threaten the whole currency...
Oct 18 2011 // New research by Finaccord, a specialist market research consulting firm, estimates that the market for motor insurance for fleet vehicles across ten European countries is worth €15.8 billion [$21.77 billion] in premiums...
Sep 20 2011 // Standard & Poor’s downgrading of Italian debt hit the euro on Tuesday, although stock investors shrugged off the move to push European stocks higher.Markets remain on edge about Greece’s rickety finances...
Aug 5 2011 // Allianz and Generali followed rivals in aggressively writing down holdings of Greek government bonds on Friday, fuelling investor concerns about the possible impact on insurers of a worsening sovereign debt crisis.Analysts...