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Assurances Generale de France's credit insurance unit Euler Hermes said net profit in the full year 2003 nearly tripled to Ђ146.1m from Ђ52.1m a year earlier. Profits benefitted from "vigorous measures" introduced since 2001 in risk underwriting, reductions in general...
#Allianz#insurance#reinsurance
The world leader in credit insurance has confirmed reports of its takeover of the Finnish Credit Insurance Company (FCIC) (see…
#Allianz#guarantees#insolvency
Major credit insurers are expecting moderate claims levels from the bankruptcy of the Italian food group Parmalat. “One reason is…
#Allianz#Atradius#bank
Euler Hermes, world leader in credit insurance, already holds 8.5% in Cosec, but is interested in increasing its holding with…
#Allianz#insurance
The European Bank for Reconstruction and Development (EBRD) will invest between Ђ120m and Ђ150m (SKK 4.97bn - SKK 6.21bn) in…
#Allianz#bank#economy
Jean Lanier, chairman of the Euler Hermes Management Board, will leave his position effective 31 May 2004, at the end…
#Allianz#insurance#international
Euler-Hermes, one of the world's biggest credit insurers, saw its first-half net profit more than double Tuesday (2 September), but…
#Allianz#management#Two
Allianz AG Holding announced consolidated turnover of Ђ936.8m in its Euler Hermes credit insurance unit in the first six months…
#3M#Allianz#Boost
Eurofactor, a strategic division of the Allianz group, suffered a steep fall in commissions received in the first six months…
#3M#Allianz#interest
Bajaj Allianz General Insurance Company Ltd is planning to get into the credit insurance business, an area dominated by the…
#Allianz#exporters#guarantee
A new identity has been adopted with a unique name, logo and visual identity for all the affiliates of the…
#Allianz#insurance#risk
Standard & Poor's Ratings Services has lowered to 'A+' from 'AA-' its long-term counter-party credit and insurer financial strength ratings…
#Allianz#insolvencies#international
A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) of Assurances Generales de France (AGF), France, and…
#acquisition#Allianz#international