Insurance- Page 87

Following completion of its October performance reporting, Swiss Re has to report a CHF 1.2 billion mark-to-market loss, or CHF 981 million after tax, arising from its exposure to two, related credit default swaps written by its Credit Solutions unit that provide

The FINANCIAL -- Allianz has closed its first catastrophe bond (cat bond) transaction related to windstorm risks in seven European countries. Jay Ralph is CEO of the reinsurance division of Allianz SE Issued through Blue Fin Ltd., a Cayman Islands based special

The FINANCIAL -- Ukraine's Western-leaning former prime minister Yulia Tymoshenko does not rule out that owners of the objects, which are vital for the country’s safety, will have to return them to the state, if the terms of their exploitation are not

The FINANCIAL -- After last week’s decision by the U.S. Federal Reserve to lower the target fed funds rate 25 basis points to 4.5%, Swiss Re’s Chief US economist, Kurt Karl, commented, “The Federal Reserve Board has made a second, but more

The FINANCIAL -- Zurich Financial Services Group (Zurich) is announcing a pan-European partnership with the world’s largest navigation solutions provider, TomTom. “As Zurich’s insurance products and TomTom’s navigation devices are both based on the idea of security and service, the arrangement will

The FINANCIAL -- The leading Georgian insurance company Aldagi BCI, participating in a health insurance program for the socially vulnerable population reported that 55 340 beneficiaries obtained medical insurance from Aldagi BCI by exchanging state granted medical vouchers for medical insurance policies.

The FINANCIAL -- People’s Insurance, the Georgian insurance company established in 2004 as a subsidiary company of People’s Bank, is planning to establish three new products: Health card, Travel on call, and Legal Expenses Insurance, on the Georgian insurance market.

The Vienna Insurance Group one one the leaders in Austria, the Czech Republic, Slovakia, Romania, Bulgaria, Albania and Georgia has announced 1st quarter results of 2007.

The FINANCIAL - Zurich Financial Services Group (Zurich) announced on May 14 that the second wave of the campaign has gone live in Europe and the US.

Two-day Georgian-Israeli Business Forum was opened in Tel-Aviv last week. Giorgi Arveladze, Minister of Economic Development of Georgia, is participating in the Forum.