A.M. Best: Germanwings Crash May Put More Pressure on Aviation War Sector March 31, 2015 A.M. Best said the total insurance loss of Germanwings Flight 4U9525, which crashed in the French Alps on March 24,...
Allianz Estimates $300 Million in Claims for Germanwings Crash, Sources Say March 31, 2015 Germany’s Allianz has estimated insurers will pay $300 million in claims and costs stemming from the crash of a Germanwings...
Lloyd’s Reports US$4.9 Billion (£3.2 Billion) Profit for 2014, Level With 2013 March 26, 2015 Lloyd’s announced a pre-tax profit of US$4.9 billion (£3.2 billion) for 2014, which is unchanged from the profit figure reported...
China’s Fosun and Ping An Insurance Vying to Buy $1.6 Billion Berlin Complex March 19, 2015 By Dalia Fahmy and Vinicy Chan Fosun International Ltd., backed by Chinese billionaire Guo Guangchang, is vying with Ping An Insurance (Group) Co. to acquire 18...
Lloyd’s Opens Branch Office in Beijing to Access New Chinese Business March 18, 2015 Lloyd’s opened a branch office in Beijing to access new business and forge closer links with business partners in China’s...
ACE Bermuda Expands D&O Cover for Non-North American Multinationals March 16, 2015 ACE Bermuda International announced the launch of an additional D&O liability insurance capability for multinational companies based outside of North...
Lloyd’s Opens Specialist Underwriting Platform in Dubai March 11, 2015 Lloyd’s has opened a new specialist underwriting platform in Dubai to provide tailored risk solutions across the Middle East. This...
MSIG at Lloyd’s Launches Bloodstock Account With 2 Appointments March 3, 2015 MSIG at Lloyd’s has moved into the bloodstock market with the appointment of specialist underwriters Rebecca Attridge and Phil Needham....
Fairfax Financial to Benefit From its Acquisition of Brit plc: Moody’s Report February 27, 2015 The proposed acquisition of Brit plc by Fairfax Financial Holdings is “credit positive” for Fairfax, according to Moody’s, which noted...
Brit Chief Says Excess Capital Will Spark More Mergers & Acquisitions February 26, 2015 By Sarah Jones Brit plc Chief Executive Officer Mark Cloutier said an excess of insurance industry capital will force more executives to sell...