International News

Allied World Offers D&O Policy in Canada, Addressing Coverage Gaps

Allied World North America has launched the Executive ForceField product, a policy specifically developed to address coverage gaps for directors and officers of publicly traded companies in the Canadian market. This upgraded side ‘A’ directors & officers excess and lead …

CGSC to Rebrand London Insurance Brokerage Operations for 50th Year

Cooper Gay Swett & Crawford (CGSC) has announced the renaming of its London market brokerage businesses in advance of its 50th year of trading. From January 1st, 2015, CGNMB LLP will become the single united brand, combining Lloyd’s brokers Cooper …

Hamilton Insurance Plans to Acquire Sportscover Underwriting at Lloyd’s

Hamilton Insurance Group, the Bermuda-based holding company for property-casualty reinsurer Hamilton Re and insurer Hamilton USA, announced it has entered into a share purchase agreement to acquire Sportscover Underwriting Limited, a Lloyd’s managing agent which manages Syndicate 3334, and Kinetic …

Hong Kong’s Appeal to Financial Community Survives Protests: Poll

Hong Kong’s appeal to the financial community has withstood pro-democracy protests that threatened to become the city’s biggest political crisis in decades, according to a Bloomberg Global Poll. Eighty-seven percent of the survey’s 510 respondents said the democracy movement that …

Noguchi Appointed Managing Director – Willis Re Japan KK

Willis Re, the reinsurance division of Willis Group Holdings, plc, announced the appointment of Tsuyoshi Noguchi as Managing Director for Willis Re Japan KK, effective December 1, 2014. He is based in Willis Re’s Tokyo office and will work with …

Australia Raises El Nino Warning for Tropical Pacific

Australia raised an El Nino warning after the Pacific Ocean showed renewed signs of the pattern that can bring drought to parts of Asia and heavier-than-usual rain to South America. Climate models suggest current conditions will persist or strengthen, prompting …

Catlin Elected Chair of Association of Bermuda Insurers and Reinsurers

Stephen Catlin, Catlin Group Limited CEO, has been elected chair of the Association of Bermuda Insurers and Reinsurers (ABIR) for a two-year term beginning January 1, 2015. Catlin succeeds XL Group plc CEO Mike McGavick who completes his two-year term …

AIG Names Williams VP Communications, Public Affairs for EMEA

American International Group has appointed Rhodri Williams to the newly created role of Vice President for Communications and Public Affairs for Europe, Middle East, and Africa (EMEA) effective January 1, 2015. He will be based in London and will report …

MetLife’s Gay Rights Support Draws Criticism of Malaysia Partner

MetLife Inc.’s support for gay rights in the U.S. is drawing criticism to the insurer’s partner in Malaysia. A group in the nation called for a boycott of AMMB Holdings Bhd.’s AmBank, citing MetLife’s recognition as among the best places …

Aon Announces New $5 Billion Share Repurchase Program

Aon plc announced that its Board of Directors has authorized a new $5 billion share repurchase program, which is in addition to its existing share repurchase program previously authorized in April 2012. Approximately $1.1 billion of remains from that authorization, …

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