A.M. Best: Middle Eastern Insurance Market Primed for M&As, Stakebuilding May 18, 2015 Merger and acquisition (M&A) activity and stakebuilding is gaining momentum in the Middle East as financially strong and profitable insurers...
Iran Flexes Military Muscle in Persian Gulf, Amid Rising Tensions May 15, 2015 By David Lerman and Kambiz Foroohar With tensions over its roles in Yemen, Iraq and Syria already high, Iran is flexing its military muscle in the...
Integro Acquires UK’s Kite Warren & Wilson, Marine Broker Specialist May 15, 2015 Integro Ltd., an insurance brokerage and risk management firm based in New York City, has acquired London-based Kite Warren &...
Marsh Appoints Porter-Wright as Leader of UK Specie Division May 15, 2015 Marsh has appointed Marcus Porter-Wright as leader of its UK Specie Division. Porter-Wright will lead Marsh’s team of 30 specialists,...
El Niño Likely to Last Through Northern Hemisphere Summer: U.S. Forecaster May 15, 2015 The El Niño climate phenomenon is almost certain to last through the Northern Hemisphere summer, the U.S. weather forecaster said,...
Iranian Boats Fired Shots Across Bow of Singapore-Flagged Ship in Persian Gulf May 15, 2015 By David Lerman Four Iranian patrol boats fired warning shots across the bow of a Singapore-flagged merchant ship in the Persian Gulf on...
ACE’s 10 Tips to Help Brokers Place Effective Multinational Insurance Programs May 14, 2015 When ACE Group last month launched ACE Multinational Partner, a package cover for UK & Ireland-based companies with one or...
AEGIS London Hires Rouse as Casualty Underwriter May 14, 2015 AEGIS London has appointed Dan Rouse as casualty underwriter. He joins from broker Howden. Rouse will join the established team...
Lloyd’s Market Association Announces 2015 Board Election Results May 14, 2015 The Lloyd’s Market Association (LMA) has announced six newly elected board members. They are: Andrew Brooks, CEO, Ascot Underwriting Stephen...
Old Mutual Q1 Sales Rise 18% on Growth in Emerging Markets Business May 14, 2015 By Renee Bonorchis Old Mutual plc, the London-based insurer, said first-quarter sales gained 18 percent as revenue from operations in Africa jumped by...