Use of Captives Rises for Non-Traditional Risks: Marsh May 13, 2015 Captive insurance vehicles are increasingly being used by businesses to provide cover for non-traditional risks, according to a new benchmarking...
RSA Appoints McKenzie as COO for UK, Western Europe May 13, 2015 London-based RSA has appointed Darren McKenzie to the newly created role of chief operating officer for the UK & Western...
Allianz Global Corporate & Specialty Names Kadow as Chief Agent for Canada May 13, 2015 Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS), has appointed Ulrich Kadow as chief agent for Canada...
Italy’s Agnellis: Billionaire Family Behind PartnerRe Takeover Battle May 13, 2015 By Tommaso Ebhardt The billionaire Agnellis will become more interested in hurricane damage and less dependent on sales of Alfa Romeo sports cars...
PartnerRe Is Reviewing Enhanced Rival Bid From EXOR May 13, 2015 Bermuda-based PartnerRe Ltd. has confirmed it has received a revised offer from EXOR SpA to acquire all of the outstanding...
El Nino Emerges; Asia-Pacific Region Faces Months of Disruptive Weather May 13, 2015 By Naveen Thukral In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia...
EXOR Raises Bid for PartnerRe by 5.8%, Aiming to Overcome Rival AXIS Offer May 12, 2015 By Sonali Basak and Tommaso Ebhardt EXOR SpA upped the ante in the takeover battle for PartnerRe Ltd., raising its bid by 5.8 percent to overcome...
Hiscox Reports 12% Hike in Gross Written Premiums on Good Claims Experience May 12, 2015 Bermuda-based Hiscox Ltd., the international specialist insurer, reported gross written premiums increased by 12 percent to £561.7 million ($869.6 million),...
Best Sees Insurance Opportunities with Increasing Commercial Drone Use May 12, 2015 A.M. Best’s analysis of the growth in the use of drone aircraft concludes that the “commercial use of drones presents...
Super Typhoon Noul Delivers Glancing Blow to the Philippines: AIR Analysis May 12, 2015 According to catastrophe modeling firm AIR Worldwide, Super Typhoon Noul “made a brief landfall along the mountainous northeastern tip of...