Russian Firms Face Huge Insurance Costs as Foreign Insurers Flee November 20, 2014 By Jonathan Saul, Carolyn Cohn and Katya Golubkova Russian companies face billions of dollars in extra insurance costs as Western sanctions prompt foreign insurance firms to start pulling...
LeapFrog Buys Majority Stake in Kenya’s Resolution Insurance November 20, 2014 By Renee Bonorchis and Eric Ombok LeapFrog Investments, the private equity firm with a focus on Africa and Asia, said it will pay 1.68 billion shillings...
Evans to Succeed Thoresen as ABI Director General November 20, 2014 The Association of British Insurers (ABI) announced that Huw Evans will succeed Otto Thoresen as Director General in February 2015,...
Aon Benfield Places UK’s ‘Smart Meter Drive’ Coverage with AIG November 19, 2014 Aon Benfield announced that it has successfully completed an “insurance placement as part of a UK government energy initiative to...
Generali Meets Targets Ahead of Schedule, Sheds Global Non-Core Assets November 19, 2014 By Sonia Sirletti Assicurazioni Generali SpA said it has reached most of its targets ahead of schedule after shedding non-core assets around the...
AIG Global Real Estate Seeks $450 Million in Sale of South Korean Hotel November 19, 2014 By Vinicy Chan AIG Global Real Estate, a unit of American International Group Inc., is seeking at least $450 million from the sale...
U.K.’s Towergate Bonds Plunge on News of Takeover Bids November 19, 2014 By Julie Miecamp Towergate Finance plc’s high-yield bonds plunged to a record after Europe’s largest insurance broker said it received takeover offers. The...
Allied World Offers D&O Policy in Canada, Addressing Coverage Gaps November 19, 2014 Allied World North America has launched the Executive ForceFieldproduct, a policy specifically developed to address coverage gaps for directors and...
CGSC to Rebrand London Insurance Brokerage Operations for 50th Year November 18, 2014 Cooper Gay Swett & Crawford (CGSC) has announced the renaming of its London market brokerage businesses in advance of its...
Hamilton Insurance Plans to Acquire Sportscover Underwriting at Lloyd’s November 18, 2014 Hamilton Insurance Group, the Bermuda-based holding company for property-casualty reinsurer Hamilton Re and insurer Hamilton USA, announced it has entered...