Insurance Journal » international http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Thu, 17 Apr 2014 03:27:10 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.2 Ironshore Adds Financial Institutions Practice http://www.insurancejournal.com/news/international/2014/03/19/323737.htm Wed, 19 Mar 2014 16:58:45 +0000 http://www.insurancejournal.com/?p=323737 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 …

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Ironshore’s Pembroke Agency Launches Insurance for Satellite Financing http://www.insurancejournal.com/news/international/2013/11/21/311891.htm Thu, 21 Nov 2013 06:36:24 +0000 http://www.insurancejournal.com/?p=311891 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 …

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Aon Revises London Short Excess Liability Follow Form for Global Clients http://www.insurancejournal.com/news/international/2013/11/08/310735.htm Fri, 08 Nov 2013 17:01:00 +0000 http://www.insurancejournal.com/?p=310735 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 …

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Willis Launches New Policy to Cover Repatriation Costs for Stranded Seafarers http://www.insurancejournal.com/news/international/2013/09/10/304702.htm Tue, 10 Sep 2013 16:33:40 +0000 http://www.insurancejournal.com/?p=304702 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 …

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Allied World Bermuda Launches Liability Coverage for ACOs http://www.insurancejournal.com/news/international/2013/07/29/299896.htm Mon, 29 Jul 2013 16:54:22 +0000 http://www.insurancejournal.com/?p=299896 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 …

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DriveFactor, Admiral Group to Offer Usage-Based Insurance Throughout UK http://www.insurancejournal.com/news/international/2013/07/24/299554.htm Wed, 24 Jul 2013 16:53:43 +0000 http://www.insurancejournal.com/?p=299554 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. …

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ACE Study: Reputation the Hardest Risk to Manage http://www.insurancejournal.com/news/international/2013/07/23/299399.htm Tue, 23 Jul 2013 16:04:47 +0000 http://www.insurancejournal.com/?p=299399 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 …

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Guy Carpenter Facilitates Launch of Multi-Peril Crop Insurance in Australia http://www.insurancejournal.com/news/international/2013/07/10/298014.htm Wed, 10 Jul 2013 16:47:40 +0000 http://www.insurancejournal.com/?p=298014 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 …

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Tower Group International Enters Marine and Energy Market http://www.insurancejournal.com/news/international/2013/07/09/297873.htm Tue, 09 Jul 2013 16:34:03 +0000 http://www.insurancejournal.com/?p=297873 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, …

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ACE Launches Surety Services in France, Joins Global Surety Association http://www.insurancejournal.com/news/international/2013/06/25/296660.htm Tue, 25 Jun 2013 16:40:38 +0000 http://www.insurancejournal.com/?p=296660 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 …

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XL Group to Offer Shariah Complaint Insurance Coverage http://www.insurancejournal.com/news/international/2013/05/08/291306.htm Wed, 08 May 2013 16:50:14 +0000 http://www.insurancejournal.com/?p=291306 XL Group has launched Shariah compliant insurance cover for large corporate and middle market clients. Initially it will focus on property cover, with a maximum capacity of up to $300 million. The coveragevfinacntargets markets worldwide, with the exception of the …

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ACE International Expands Travel Risk Coverage to Renewable Energy Industry http://www.insurancejournal.com/news/international/2013/04/23/289480.htm Tue, 23 Apr 2013 16:23:44 +0000 http://www.insurancejournal.com/?p=289480 ACE Commercial Risk Services, the U.S.-based small business insurance division of the ACE Group, has added additional capability enhancements to its portal www.ACEAdvantage.NET, the Internet-based rating system of its ACE International Advantage® division. The portal now includes international trip/travel coverage …

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Marsh Creates Large, Mid-Size Corporate Division in UK & Ireland http://www.insurancejournal.com/news/international/2013/03/07/284017.htm Thu, 07 Mar 2013 17:37:16 +0000 http://www.insurancejournal.com/?p=284017 Marsh has announced a new corporate division within its UK & Ireland business. Bringing together its National Corporate and Risk Management Practices across the region as well as Marsh Risk Consulting, the corporate division will serve mid-size and large corporates …

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Argo Group Establishes New Sidecar, Harambee Re http://www.insurancejournal.com/news/international/2013/01/08/276642.htm Tue, 08 Jan 2013 17:54:05 +0000 http://www.insurancejournal.com/?p=276642 Argo Group International Holdings, Ltd. has established Harambee Re 2013-1 Ltd for the 2013 accident year. This is the first sidecar established by Argo Group. Unlike other sidecars, which typically write either reinsurance or retrocession business, Harambee Re will support …

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Allied World Europe Expands Primary Professional Liability Product Suite http://www.insurancejournal.com/news/international/2012/11/20/271281.htm Tue, 20 Nov 2012 20:30:17 +0000 http://www.insurancejournal.com/?p=271281 Allied World Europe has enhanced its suite of professional liability products to include primary capabilities. The new offering, Allied World Secure, consists of five products which cover a range of primary and excess liabilities, including Allied World Secure Warranty & …

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Argo International’s Lloyd’s Syndicate Adds Casualty Treaty Reinsurance Class http://www.insurancejournal.com/news/international/2012/10/24/267807.htm Wed, 24 Oct 2012 16:14:13 +0000 http://www.insurancejournal.com/?p=267807 Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, will expand its offerings in the international casualty marketplace to include treaty reinsurance business written through Lloyd’s of London. This new capability adds to Argo Group’s …

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Best Affirms Sirius International Group’s Ratings; Outlook Stable http://www.insurancejournal.com/news/international/2012/10/08/265876.htm Mon, 08 Oct 2012 10:04:35 +0000 http://www.insurancejournal.com/?p=265876 A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Sweden’s Sirius International Insurance Corporation (publ). Best also affirmed the ICR of “bbb” and …

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Allied World Europe Launches Corporate Property Line of Business http://www.insurancejournal.com/news/international/2012/10/01/264868.htm Mon, 01 Oct 2012 10:00:10 +0000 http://www.insurancejournal.com/?p=264868 Allied World Europe has launched its Corporate Property line of business. The unit will target a range of European domiciled companies writing lead, co-insured and layered programs. Richard Nathan, Vice President, European Corporate Property Manager, will oversee the line of …

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Mapfre to Provide Travel Insurance to African Airline Passengers http://www.insurancejournal.com/news/international/2012/09/11/262690.htm Tue, 11 Sep 2012 16:53:18 +0000 http://www.insurancejournal.com/?p=262690 International insurer Mapfre Assistance has agreed to provide travel insurance to all passengers of ASKY Airlines. The airline, with headquarters in Lomé (Togo), operates in Western and Central Africa and it has forecast that it will serve a half million …

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ACE USA Expands International Advantage Coverage http://www.insurancejournal.com/news/international/2012/06/26/252999.htm Tue, 26 Jun 2012 16:49:08 +0000 http://www.insurancejournal.com/?p=252999 ACE USA has expanded its International Advantage product to offer enhanced coverages for the risks faced by professional services employees doing business overseas. Three foreign package offerings designed for accountants & lawyers, business consultants, and architects & engineers are designed …

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ACE Appoints Page Division President for Int’l. Personal & Business Operations http://www.insurancejournal.com/news/international/2012/06/21/252399.htm Thu, 21 Jun 2012 09:59:36 +0000 http://www.insurancejournal.com/?p=252399 The ACE Group announced that Darryl Page has been named Division President, International Personal and Business Insurance. He will lead ACE’s personal lines and small and mid-size commercial insurance operations in Asia Pacific and Japan, Latin America, and Europe, the Middle …

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Starr Companies Appoint Childs CFO for International Operations http://www.insurancejournal.com/news/international/2012/06/19/252128.htm Tue, 19 Jun 2012 14:24:29 +0000 http://www.insurancejournal.com/?p=252128 Starr Companies announced the appointment of Nigel Childs as Chief Financial Officer for the company’s foreign operations.  He will be responsible for the financial planning and reporting for Starr’s growing international insurance operations. Childs will report directly to Ed Navarro, Chief …

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CPCU Society Names Nadeem as First International Ambassador http://www.insurancejournal.com/news/international/2012/06/13/251148.htm Wed, 13 Jun 2012 10:40:35 +0000 http://www.insurancejournal.com/?p=251148 The CPCU Society has named Shahid Nadeem as its first international ambassador. He will attend the CPCU Society Annual Meeting and Seminars in Washington, D.C., September 8-11, 2012. Nadeem works at “Gulf General Cooperative Insurance Company as an underwriting manager …

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Olympic Travel Leads to Surge in Travel Insurance Sales http://www.insurancejournal.com/news/international/2012/06/04/249984.htm Mon, 04 Jun 2012 16:48:28 +0000 http://www.insurancejournal.com/?p=249984 The 2012 Summer Olympics have provided a welcome boost for airlines, hotels and other travel suppliers that will benefit from an expected jump of more than 30 percent in the number of global travelers going to London compared to the …

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ACE USA Enhances International Casualty Coverage http://www.insurancejournal.com/news/international/2012/05/25/248966.htm Fri, 25 May 2012 16:12:10 +0000 http://www.insurancejournal.com/?p=248966 ACE USA, the U.S.-based retail operations of the ACE Group, has enhanced its international casualty coverage, ACE ATLAS CMP. The coverage is specifically designed to provide coverage for U.S.-based multinational organizations with complex exposures in targeted industries, including construction, energy, …

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Fireman’s Fund, Allianz Global Expand Entertainment Division into Canada http://www.insurancejournal.com/news/international/2012/04/11/242969.htm Wed, 11 Apr 2012 16:20:39 +0000 http://www.insurancejournal.com/?p=242969 Fireman’s Fund Insurance Co. in partnership with Allianz Global Corporate & Specialty, an Allianz affiliate company in Canada, has added an underwriting team to further expand its entertainment division and capabilities in North America. Led by Lynne Pepper, an entertainment …

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Aon Benfield, Build Assure Launch Latent Defects Product for Builders Federation http://www.insurancejournal.com/news/international/2012/03/20/240123.htm Tue, 20 Mar 2012 16:18:57 +0000 http://www.insurancejournal.com/?p=240123 Build Assure, a trading name of the National Register of Warranted Builders, a subsidiary of the Federation of Master Builders (FMB), has launched a new insurance product to protect its members and general developers against financial loss arising from latent …

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Willis Re Appoints Melia as CEO Willis Re International http://www.insurancejournal.com/news/international/2012/02/13/235220.htm Mon, 13 Feb 2012 18:13:47 +0000 http://www.insurancejournal.com/?p=235220 Willis Re, the reinsurance arm of Willis Group Holdings, announced the appointment of Tony Melia as CEO of Willis Re International, effective immediately. He has been with Willis Re since 1988, and will lead the International Business Unit, which covers …

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Beazley Simplifies D&O Purchases for U.S. Multinational Companies http://www.insurancejournal.com/news/national/2012/02/08/234752.htm Wed, 08 Feb 2012 19:26:52 +0000 http://www.insurancejournal.com/?p=234752 Beazley Group plc has introduced Beazley Bridge, a product that will allow U.S. multinational companies to cover executives outside the country through a single contract. The single policy will protect directors and officers in all territories where Lloyd’s is licensed, …

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Lloyds TSB Adds Travel Disruption Insurance http://www.insurancejournal.com/news/international/2012/02/06/234246.htm Mon, 06 Feb 2012 14:51:34 +0000 http://www.insurancejournal.com/?p=234246 All Lloyds TSB silver, gold, platinum and premier customers will be automatically covered for disruptions to their travel as part of the company’s travel insurance policy. The company added this policy at the beginning of February. The bank says this …

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