All the headlines from our Italy Topic Page, ordered by recency.
Jan 21 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) and assigned an issuer credit rating of “aa-” to Italy’s largest insurer Assicurazioni Generali...
Sep 14 2004 // Standard & Poor’s Ratings Services announced that it has revised to stable from negative its outlook on Assicurazioni Generali SpA, the parent and main property-casualty company of the pan-European insurance...
Jul 9 2004 // The California-based PMI Group, Inc. announced that its wholly owned subsidiary, PMI Mortgage Insurance Company Limited (PMI Europe), has received regulatory approval to operate an Italian branch.PMI Europe’s office...
Jul 8 2004 // Standard & Poor’s Ratings Services announced that it has lowered its long-term sovereign credit ratings on the Republic of Italy to “AA-” from “AA”, due to the deterioration of public...
Jun 22 2004 // AIG United Guaranty, whose affiliate companies provide mortgage guaranty insurance, announced plans to expand both its European and Asian operations as part of its “international growth program.” It has...
Jan 9 2004 // A report from Moody’s Investors Service notes a stable rating outlook for Italy’s rated P/C insurers and a steady improvement in results since 2001.“The continued upturn for most of the seven rated...
Dec 24 2003 // The fallout from the collapse of Parmalat, the Italian dairy and food-processing group, is spreading ever wider. With commentators and analysts now calling it “Europe’s Enron,” it will undoubtedly affect...
Nov 3 2003 // The second ever bi-annual conference of the Federation of European Risk Management Associations (FERMA), held Oct. 5 – 8 in Rome, Italy, featured presenters and workshops that highlighted both the similarities and...
Nov 3 2003 // The second ever bi-annual conference of the Federation of European Risk Management Associations (FERMA), held Oct. 5 – 8 in Rome, Italy, featured presenters and workshops that highlighted both the similarities and...
Sep 29 2003 // The entire Italian Peninsula from Venice to Sicily was plunged into darkness early Saturday morning by a massive power failure that knocked out the national electrical grid, stranding travelers, creating chaos in the...
Jun 23 2003 // Credit Suisse Group’s Winterthur Insurance announced that it has signed an agreement to sell its life and P/C operations in Italy to Compagnia Assicuratri Unipol for 1.465 billion euros ($1.7 billion) in cash.The...
May 29 2003 // Standard & Poor’s Ratings Services announced that, following a review, it has affirmed its ‘BBB-‘ long-term counterparty credit and insurer financial strength ratings on Italian marine insurer SIAT...
Apr 8 2003 // Vincenzo Maranghi, the CEO of Italy’s powerful Mediobanca investment banking group, will leave his post after 15 years on April 14. Founded by legendary financier Enrico Cuccia, Mediobanca played a key role in...
Mar 27 2003 // A.M. Best Co. announced that it has affirmed the A+(Superior) financial strength rating of Italy’s Assicurazioni Generali S.p.A., and assigned a negative outlook. It also announced that it has affirmed...
Mar 19 2003 // Italy’s Generali joined the growing list of big insurance companies – it’s Europe’s 4th largest in terms of net premiums written – posting big losses with yesterday’s announcement that...
Mar 14 2003 // Monte Dei Paschi, Italy’s fifth largest bank, has acquired a 3.1 percent stake in Assicurazioni Generali, the country’s largest insurer, for an estimated 798 million Euros ($877 million), based on the...
Jan 16 2003 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Italy’s Societa Cattolica di Assicurazione Coop a RL (Cattolica) with a “stable” outlook.“The rating reflects the...
Nov 13 2002 // Boston-based AIR Worldwide announced that the company’s manager of engineering analysis, Dr. Paolo Bazzurro, has been selected to lead a group of engineers organized by the Earthquake Engineering Research Institute...
Nov 1 2002 // An Italian court has dealt another blow to the ongoing merger plans between SAI and La Fondiaria, aimed at forming the country’s third largest insurance group. This week’s ruling overturns a finding by Consob,...
Sep 20 2002 // To no one’s surprise shareholders of Italy’s Societa Assicuratrice Industriale (SAI) have approved a merger with rival insurer La Fondiaria SpA which will create Italy’s largest p/c insurer and...