An alliance of the world’s top three container shipping firms, which could control more than a third of the market, is likely to start operating in mid-2014, No.1 player Maersk Line said after the tie-up was approved by U.S. regulators. …
A.M. Best has affirmed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings of “a+” of UK-based Markel International Insurance Company Limited (MIICL) and Lloyd’s Syndicate 3000. The outlook for MIICL’s ratings remains stable, and the outlook for …
Talanx AG, Germany’s third-biggest insurer, said fourth-quarter profit tripled after higher earnings at its industrial insurance business and lower tax at its reinsurance unit. Net income rose to €227 million ($313 million) from €76 million [$105 million] a year earlier, …
The ACE Group announced that Stanley Wong will assume the role as the new Regional Head of Financial Lines for Asia Pacific with immediate effect. He has been Financial Lines Manager for Asia since 2008. ACE said Wong “will focus …
Oklahoma City, OK, 03/24/14 – Andreini & Company, a top ranking privately held general insurance brokerage and risk management services firm announced today, the addition of Mark Christison serving in the capacity of Executive Vice President, Employee Benefits for Andreini …
Time is the only resource we cannot recreate, but how can you optimize being “in control of time” rather than being “controlled by it?” People tend to number their days when they are dying. A woman named Wendy who worked …
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Winter storms caused $2 billion in insured losses in 2013, up dramatically from $38 million in 2012, according to reports from Munich Re. From 1993 to 2012, winter storms resulted in about $28 billion in insured catastrophe losses (in 2012 …
Compared to some previous years, there were not a lot of mergers in the property/casualty carrier space in 2013 but there were some interesting ones. Major carrier transactions included specialty insurer Markel’s acquisition of reinsurer Alterra for $3.1 billion and …
Arthur J. Gallagher, Tudor Arthur J. Gallagher & Co. has acquired Tudor Risk Services in Woburn, Mass. Terms of the transaction were not disclosed. Founded in 2009, Tudor Risk Services is a retail insurance broker providing property/casualty, risk management services …
