international News

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 …

Aon Benfield, Build Assure Launch Latent Defects Product for Builders Federation

Build Assure, a trading name of the National Register of Warranted Builders, a subsidiary of the Federation of Master Builders (FMB), has launched a new insurance product to protect its members and general developers against financial loss arising from latent …

Willis Re Appoints Melia as CEO Willis Re International

Willis Re, the reinsurance arm of Willis Group Holdings, announced the appointment of Tony Melia as CEO of Willis Re International, effective immediately. He has been with Willis Re since 1988, and will lead the International Business Unit, which covers …

Beazley Simplifies D&O Purchases for U.S. Multinational Companies

Beazley Group plc has introduced Beazley Bridge, a product that will allow U.S. multinational companies to cover executives outside the country through a single contract. The single policy will protect directors and officers in all territories where Lloyd’s is licensed, …

Lloyds TSB Adds Travel Disruption Insurance

All Lloyds TSB silver, gold, platinum and premier customers will be automatically covered for disruptions to their travel as part of the company’s travel insurance policy. The company added this policy at the beginning of February. The bank says this …

Chubb System Helps Expedite Clinical Trials in China and Brazil

An online system from Chubb Group of Insurance Cos. can now be used to instantly obtain specimen policy language for trials in many countries where ethics committees require the review of insurance contract terms and conditions. Life sciences companies can …

Markel Enters Germany Through Joint Venture with Anglo Underwriting

Markel International has made a move to start writing business in Germany through a joint venture with Anglo Underwriting. With Markel’s support, Anglo’s primary focus will be to increase opportunities in specialty and private lines. As part of the focus …

Starr Expands Offerings Through Acquisition

Starr International Co. has acquired Assist-Card International Holdings S.A. and expanded its offerings to include travel and emergency assistant services. Assist-Card provides these travel services to more than 7 million people through a network of providers spanning 107 countries. “This …

OPIC Offers New Political Risk Insurance

The Overseas Private Investment Corp. (OPIC) has arranged new political risk insurance for private equity fund investments in emerging markets. OPIC, the U.S. government’s development finance institution, sees investor prospect growing much faster in the emerging markets than developed markets …

Willis Strengthens So. Africa Role with Pickering Appointment

Willis Group Holdings announced the appointment of Scott Pickering, President, Willis Asia Pacific, Middle East and Africa, as CEO of Willis South Africa in a move it described as a “response to increasing opportunities in South Africa and throughout the …