international News

Best Affirms Sirius International Group’s Ratings; Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Sweden’s Sirius International Insurance Corporation (publ). Best also affirmed the ICR of “bbb” and …

Allied World Europe Launches Corporate Property Line of Business

Allied World Europe has launched its Corporate Property line of business. The unit will target a range of European domiciled companies writing lead, co-insured and layered programs. Richard Nathan, Vice President, European Corporate Property Manager, will oversee the line of …

Mapfre to Provide Travel Insurance to African Airline Passengers

International insurer Mapfre Assistance has agreed to provide travel insurance to all passengers of ASKY Airlines. The airline, with headquarters in Lomé (Togo), operates in Western and Central Africa and it has forecast that it will serve a half million …

ACE USA Expands International Advantage Coverage

ACE USA has expanded its International Advantage product to offer enhanced coverages for the risks faced by professional services employees doing business overseas. Three foreign package offerings designed for accountants & lawyers, business consultants, and architects & engineers are designed …

ACE Appoints Page Division President for Int’l. Personal & Business Operations

The ACE Group announced that Darryl Page has been named Division President, International Personal and Business Insurance. He will lead ACE’s personal lines and small and mid-size commercial insurance operations in Asia Pacific and Japan, Latin America, and Europe, the …

Starr Companies Appoint Childs CFO for International Operations

Starr Companies announced the appointment of Nigel Childs as Chief Financial Officer for the company’s foreign operations. He will be responsible for the financial planning and reporting for Starr’s growing international insurance operations. Childs will report directly to Ed Navarro, …

CPCU Society Names Nadeem as First International Ambassador

The CPCU Society has named Shahid Nadeem as its first international ambassador. He will attend the CPCU Society Annual Meeting and Seminars in Washington, D.C., September 8-11, 2012. Nadeem works at “Gulf General Cooperative Insurance Company as an underwriting manager …

Olympic Travel Leads to Surge in Travel Insurance Sales

The 2012 Summer Olympics have provided a welcome boost for airlines, hotels and other travel suppliers that will benefit from an expected jump of more than 30 percent in the number of global travelers going to London compared to the …

ACE USA Enhances International Casualty Coverage

ACE USA, the U.S.-based retail operations of the ACE Group, has enhanced its international casualty coverage, ACE ATLAS CMP. The coverage is specifically designed to provide coverage for U.S.-based multinational organizations with complex exposures in targeted industries, including construction, energy, …

Fireman’s Fund, Allianz Global Expand Entertainment Division into Canada

Fireman’s Fund Insurance Co. in partnership with Allianz Global Corporate & Specialty, an Allianz affiliate company in Canada, has added an underwriting team to further expand its entertainment division and capabilities in North America. Led by Lynne Pepper, an entertainment …