LONDON—John Tiner, chief executive officer of the U.K's insurance and banking regulator, the Financial Services Authority, has announced that he is to leave the post in the summer to pursue his career in the private sector. No successor has been named. Mr. Tiner will step down in July. Mr....
Stuart Collins (mailto:scollins@BIEurope.com)
ZURICH—Swiss Reinsurance Co. has completed a $750 million (€578 million) securitization of catastrophe mortality risk. The transaction, Swiss Re’s third such deal, provides the company with protection for extreme changes in mortality for underlying risks in the United States, United Kingdom,...
LONDON—London-based political risk analyst Exclusive Analysis Ltd. has warned of more terrorist attacks in Europe, although actions are likely to be smaller and aimed at a broader range of targets. In giving key forecasts for 2007, Kirsten Parker, director of analysis at Exclusive Analysis,...
LONDON—London-based security specialist ArmorGroup International P.L.C. is to acquire specialist kidnap and extortion company Neil Young Associates. ArmorGroup will pay £1 million (€1.49 million) for Neil Young Associates, an international provider of kidnap and extortion prevention, training...
BRUSSELS—The European Commission is to investigate the sale of an Austrian bank to one of the country’s insurers. In a statement the EC said that it has launched a formal investigation under "state aid rules" into the sale of Bank Burgenland to Grazer Wechselseitige Versicherung A.G. in...
