ILS Market Hits New Record of $70B in 2015: Willis Capital Markets & Advisory January 20, 2016 Total non-life insurance linked securities (ILS) capital reached a record $70 billion at year-end 2015 – topping the previous record...
Poland’s Largest Insurer, PZU, Appoints Executive at Bank of America as CEO January 20, 2016 By Marta Waldoch PZU SA appointed Michal Krupinski, an executive at Bank of America Inc. and former deputy treasury minister, as chief executive...
Intact Insurance Launches Commercial Drone Insurance in Canada January 20, 2016 Canadian insurer Intact Insurance has launched drone insurance for its commercial lines customers. This Unmanned Air Vehicle (UAV) coverage caters...
Update: Zurich Insurance Group Expects Q4 2015 Loss in General Insurance January 20, 2016 By Jan-Henrik Förster and Jeffrey Vögeli Zurich Insurance Group AG fell to the lowest in more than three years after Switzerland’s biggest insurer put shareholders on...
AIG Increases Global Commercial Property Limits to $2.5B January 19, 2016 American International Group, Inc. (AIG) has significantly raised available global commercial property limits to $2.5 billion per occurrence. According to...
Marine Insurers Cautious About Re-Entering Iran, Despite Lifting of Sanctions January 19, 2016 By Jonathan Saul Foreign oil tanker owners are expected to make a slow return to Iran despite the lifting of many sanctions as...
Lloyd’s Develops Standardized Data Requirements for Cyber Risks January 19, 2016 Lloyd’s of London announced that a set of common core data requirements for cyber risks has been agreed by collaborating...
Everest Re Announces Senior Leadership Changes at Bermuda, Europe Operations January 19, 2016 Bermuda-based Everest Re Group Ltd. announced that Mark de Saram, managing director and chief executive officer of Everest Reinsurance (Bermuda)...
Factbox – International Firms Rush to Establish Position in Iran as Sanctions Lift January 19, 2016 Major international companies are rushing to establish a position in Iran as the Islamic Republic re-opens for business after the...
BHSI Launches D&O & PI Cover in Australia, Expands Team January 19, 2016 Berkshire Hathaway Specialty Insurance Company (BHSI) has launched four new executive and professional lines policies in Australia and named Sami...