The XL Group announced that it has appointed Valérie Devaux-Piquer to the position of Casualty Underwriting Manager, Europe, Reinsurance, effective Sept. 1, 2013. She will take the place of Dieter Kohl, who retires this summer, and will be based in …
Pirate attacks off West Africa’s mineral-rich Gulf of Guinea have almost doubled from last year and threaten to increase the costs and jeopardize the shipping of commodities from the region. The Gulf of Guinea, which includes Nigeria, Ghana and Ivory …
The Canadian property and casualty insurance industry is expanding with the launch of the Receivables Insurance Association of Canada. “Less than 1 percent of Canadian companies currently utilize receivables insurance as part of their financial planning,” said the bulletin. “Canada’s …
MAPFRE GLOBAL RISKS announced plans to “enter into new markets and grow in those where it has not consolidated its presence yet,” beginning with efforts to “increase its business operations in Europe.” Alfredo Castelo, MAPFRE GLOBAL RISKS’ Chairman, addressing the …
The UK’s RSA announced that it has renewed its contract to provide motor insurance to Motability Operations. “The new contract extends a long term relationship and provides a strong, sustainable partnership for RSA and Motability Operations,” said the bulletin. The …
In comments posted on the Willis website Andrew van den Born, Executive Director in Willis’ Political and Trade Credit Risks division, analyzed the potential fallout from the continued unrest in Turkey and the potential gaps in insurance coverage. “Turkey is …
The United States and the European Union launched negotiations for the world’s most ambitious free-trade deal on Monday, promising thousands of new jobs and accelerated growth on both sides of the Atlantic. Trade between Europe and the United States is …
It was a historic moment in U.N. climate talks: with most countries in favor and only a group of OPEC members objecting, the German environment minister chairing the conference banged down her gavel to launch negotiations on a treaty to …
Following its ratings report for the ACE Ltd. Group, A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable and affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating of “aa” …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of the North America property/casualty subsidiaries of ACE Limited, which is domiciled …
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