A.M. Best: Sanctions Removal to Attract Re/Insurers to Iranian Market August 12, 2015 The lifting of trade restrictions placed on Iran may present significant opportunities for the Middle East and North African (MENA)...
Willis Completes Acquisition of Taiwan’s Elite Risk Services August 12, 2015 Willis Group Holdings plc has announced the completion of its acquisition of Elite Risk Services Limited of Taiwan. Willis said...
Best Affirms and Withdraws Ratings of PaCRe Ltd. August 12, 2015 A.M. Best has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Bermuda-based...
‘Affinity Schemes’ Achieving Growth in UK Commercial Lines: Finaccord Report August 11, 2015 A new report from UK-based financial marketing and consulting firm Finaccord concludes that “affinity schemes for commercial lines insurance in...
QBE Completes Sale of Argentine Workers’ Compensation Business August 11, 2015 QBE announced it has completed of the sale of the group’s workers’ compensation business in Argentina to La Caja Aseguradora...
Estimates for 1stHY 2015 Puts Cat Economic Losses at $37 Bn: Swiss Re Study August 11, 2015 A new sigma study from Swiss Re estimates that “total economic losses from natural catastrophes and man-made disasters reached $37...
Typhoon Soudelor Hits Taiwan and China with Rains, Floods & Wind: AIR Report August 11, 2015 A report from catastrophe modeling firm AIR Worldwide, states: “Typhoon Soudelor has weakened over eastern China after making landfalls in...
Update: Delta Lloyd’s $588 Million First Half Loss Raises Capital Concerns August 11, 2015 By David de Jong Delta Lloyd NV fell the most on record after interest-rate hedging and declines in bonds spurred a first-half loss, raising...
AIG, Other Insurers Avoid Offering Cover for Tax Risks in Indian M&As August 11, 2015 By Anto Antony and George Smith Alexander Prime Minister Narendra Modi needs to offer much more than just his best intentions to clean up India’s whimsical tax...
Talbot Names Tebbutt Global Practice Leader, Political Violence & Aviation War August 10, 2015 Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., announced the promotion of Steven Tebbutt to global practice...