Ping An Insurance, China’s No. 2 insurer, said on Friday it was not concerned about a plan by Britain’s Prudential to buy the Asia assets of U.S. insurer AIG, the market leader among foreign insurers in China. Ping An does …
Singapore’s biggest sovereign wealth fund GIC and Qatar Holding LLC have committed to underwrite a significant portion of UK Prudential’s $20 billion rights issue. GIC is an existing shareholder, with a 0.5 percent stake in Prudential, but Qatar does not …
Standard & Poor’s Ratings Services has published updated assumptions for assessing European insurance hybrid capital instruments (see “Assumptions: Implications Of Solvency II Proposals For Our European Insurance Hybrid Criteria”). “We published the new criteria to clarify several areas, said the …
Chile’s government said Thursday that the death toll from a massive weekend earthquake and ensuing tsunamis was unclear because of confusion over the number of people who disappeared and whether they were dead. The government said it had formally identified …
Malaysia and Indonesia said on Thursday they are stepping up security in the Strait of Malacca, one of the world’s busiest shipping lanes, following the Singapore navy’s warning of possible attacks on oil tankers. The Singapore navy “has received indication …
Catastrophe risk modeling firms AIR Worldwide and EQECAT have both issued bulletins analyzing the magnitude 6.4 earthquake that struck south central Taiwan Thursday morning at 8:20 a.m. local time. AIR noted that the epicenter “was located about 40 km (25 …
Markel American Insurance Co. has released an enhanced Manufactured Home Program with new coverage options. Also, the program can now be managed on Markel’s Web-based policy administration system, MAGIC. The additions include: Equipment Breakdown Coverage: coverage for sudden and accidental …
Cheryl Celcer has joined wholesale insurance provider Swett & Crawford after a nearly 30-year career with The Hartford, in which she held the position of executive select customer sales representative. Celcer is well known throughout Oklahoma for her industry experience …
Stuckey & Co., the managing general agent for the Aspire A&E (architects and engineers) insurance program, has introduced an online application for small architectural and engineering firms to apply for and receive insurance coverage from their local agents. The online …
New York insurance law firm Anderson Kill & Olick, has named Larry Kill as chair of its Corporate & Commercial Litigation practice. Kill has represented clients in a wide range of complex commercial litigation, with an emphasis on antitrust counseling …
