Aon has issued a bulletin calling on the P&I Clubs – ‘Protection & Indemnity’ mutual associations that provide liability coverage...
International & Reinsurance News
The Board of Bermuda-based IPC Holdings Ltd. Has rejected a sweetened takeover bid by Validus Holdings Ltd. The Board backed...
Standard & Poor’s Ratings Services said that its ratings on Hong Kong-based American International Assurance Co. Ltd. (AIA; A+/Developing/–) and...
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating (ICR) of “bbb+” of...
The European Union and China hope to relaunch their political and economic relations at a summit on Wednesday and create...
Demand for disaster derivatives is surging as insurers seek alternatives to scarce reinsurance and expensive catastrophe bonds, with the forthcoming...
Validus Holdings Ltd slightly sweetened its hostile bid for IPC Holdings Ltd. to $1.69 billion Monday, in its latest attempt...
An article on the Lloyd’s of London web site (www.lloyds.com) notes that “Lloyd’s Chairman Lord Levene visited Germany last week...
Lloyd’s of London has received an establishment license in Portugal. “The license will allow Lloyd’s underwriters to appoint coverholders to...
The Australian navy thwarted an attack by pirates on two merchant ships in the dangerous waters off Yemen, Australian defense...