After reaching its announced goal of acquiring in excess of 95 percent of the outstanding shares of French insurer AGF (See IJ web site May 10), Germany’s Allianz SE announced that it is moving ahead with its plan to “squeeze-out” …
The latest, and admittedly still preliminary, estimates from the series of violent storm that struck the coast of New South Wales last week (See IJ web site June 11) indicate that insured losses will exceed A$1.2 billion (US$1 billion), making …
UK auto insurer Sheila’s Wheels, which, as the name indicates, specializes in auto (motor) coverage for women drivers, has come up with a novel way to cut down on accidents – change your shoes. More explicitly: wear shoes with specially …
Dublin-based Research and Markets has added Datamonitor’s new report: “UK Commercial Property Insurance 2007” to their offering. The report “provides an in-depth analysis of the commercial property insurance market in the UK, analyzing the key trends in premium income, claims …
Dr. Toni Makkai, Director of the Australian Institute of Criminology, made an ominous opening statement: “Of all of the crimes committed by young people, arson is potentially one of the most devastating.” He was speaking at the launch of a …
Nephila Capital Ltd., a Bermuda-based investment manager specializing in catastrophe reinsurance and weather risk, announced the closing of its new investment vehicle, Gamut Reinsurance Ltd. Gamut Re, which is domiciled in the Cayman Islands, “raised $310 million in a 144A …
Under the latest phase of the UK’s drive to embed contract certainty into the day-to-day processes of its insurance industry, the Contract Certainty Steering Committee (CCSC) has published a code of practice designed to ensure policies continue to be fully …
Lloyd’s has appointed Jose Ribeiro, currently Willis’ Managing Director for Latin America and the Caribbean, as its new Director of International Markets and Business Development. He assumes responsibility “for promoting the market across the globe, seeking new business opportunities and …
Since the National Flood Insurance Program does not collect data on both wind and flood damage claims from its insurers, it’s not possible to know if its billions of dollars in payments on hurricane-damaged properties accurately reflect flood only damage, …
Joel Ario, administrator of the Insurance Division in the Oregon Department of Consumer and Business Services (DCBS), confirmed he is leaving Oregon to accept the position of Insurance Commissioner for Pennsylvania. “This is a great opportunity for Joel, but a …
