international News

Ironshore Adds Financial Institutions Practice

Ironshore Inc. has added a new global practice focused on financial institutions and expanded its industry leadership structure to address the select, industry-specific insurance market risk. Christopher Brown of Ironshore’s Pembroke Managing Agency, based in London, has been named practice leader …

Ironshore’s Pembroke Agency Launches Insurance for Satellite Financing

Ironshore International’s Pembroke Managing Agency Limited has begun offering insurance coverage for lenders engaged in the financing of satellite projects. The product provides insurance coverage for banks and export credit agencies against the risk of non-disclosure and misrepresentation by the …

Aon Revises London Short Excess Liability Follow Form for Global Clients

Aon Risk Solutions, the global risk management business of Aon plc, has released its latest London Short Excess Liability Follow form policy (London Short #2) to provide clients with more contract certainty, clarity and consistency of coverage. The previous version of the …

Willis Launches New Policy to Cover Repatriation Costs for Stranded Seafarers

Willis Group Holdings has launched a new liability insurance policy to cover the costs associated with repatriating stranded seafarers. The Maritime Labor Convention, 2006 (MLC) which came into force on August 20, states that flag states are responsible for repatriating …

Allied World Bermuda Launches Liability Coverage for ACOs

Allied World Bermuda has launched a new accountable care organization (ACOs) liability product for Bermuda-based clients. The product provides coverage for ACOs – newly emerging healthcare organizations characterized by a payment and care delivery model that ties provider reimbursements to …

DriveFactor, Admiral Group to Offer Usage-Based Insurance Throughout UK

DriveFactor has partnered with Admiral Group plc to expand usage-based insurance (UBI) offerings throughout the U.K. Through this partnership, DriveFactor will power a version of Admiral’s Bell Safe Driver policy, which offers discounted auto insurance to U.K.-based drivers who apply. …

ACE Study: Reputation the Hardest Risk to Manage

Ninety-two percent of companies believe that reputational risk is the most challenging category of risk to manage, according to a major new study from ACE Group conducted across 15 countries within its EMEA (Europe, Middle East and Africa) region. ACE’s …

Guy Carpenter Facilitates Launch of Multi-Peril Crop Insurance in Australia

Guy Carpenter & Co., LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos. has facilitated the launch of a Multi-Peril Crop Insurance (MPCI) product for Australian grain growers for the 2013 crop season. The product …

Tower Group International Enters Marine and Energy Market

Tower Group International, Ltd. has entered into the marine and energy insurance market. Tower’s new marine and energy team will be led by Tom Guarnera and Jeff Kaufmann, who are joining Tower from the U.S. office of ANV Holdings BV, …

ACE Launches Surety Services in France, Joins Global Surety Association

The ACE Group has expanded its international surety capabilities in Continental Europe, by launching services in France and making a new executive appointment to lead this initiative. Aymeric Vinet Desrues joins ACE as surety underwriting manager, France, where he will …