Insurance Doesn’t Tackle Underlying Problem of Cyber Crime: Bloomberg View April 13, 2015 By Mark Gilbert Companies are finding a way to minimize the repercussions when their digital security is violated. Unfortunately, they’re turning to the...
Beazley, Korean Re Form Partnership; Create Special Purpose Lloyd’s Syndicate April 9, 2015 Beazley and Korean Re announced a partnership to develop business together and to establish a special purpose syndicate at Lloyd’s,...
DUAL Marine & Energy Forms Underwriting Partnership With CNA Hardy April 8, 2015 DUAL, the international underwriting agency, announced its global marine and energy business has started underwriting with support from CNA Hardy’s...
A.M. Best: European Reinsurers Report Strong Results, Growth Limited April 6, 2015 Major European reinsurers have posted very strong full-year results for 2014 and continue to be well capitalized, with profitable underwriting...
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...