international News

XL Group to Offer Shariah Complaint Insurance Coverage

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 …

ACE International Expands Travel Risk Coverage to Renewable Energy Industry

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 …

Marsh Creates Large, Mid-Size Corporate Division in UK & Ireland

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 …

Argo Group Establishes New Sidecar, Harambee Re

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 …

Allied World Europe Expands Primary Professional Liability Product Suite

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 & …

Argo International’s Lloyd’s Syndicate Adds Casualty Treaty Reinsurance Class

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 …

Best Affirms Sirius International Group’s Ratings; Outlook Stable

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 …

Allied World Europe Launches Corporate Property Line of Business

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 …

Mapfre to Provide Travel Insurance to African Airline Passengers

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 …

ACE USA Expands International Advantage Coverage

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 …