American International Group (AIG) announced that Chris Townsend will join the company as chief executive officer, International General Insurance. In this newly created role, Townsend will lead the international operations of AIG’s General Insurance business, with responsibility for executing its …
Specialist insurer Beazley has unveiled a comprehensive suite of financial lines products in Spain, designed for the needs of a broad range of commercial and financial organizations. Led by Lorena Segovia, Beazley’s Spanish team of underwriters launch a set of …
Cayman Islands-based CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) announced that Trinidad & Tobago will receive a payout of US$7,007,886 (approximately TT$47.4 million) on an excess rainfall policy following a period of heavy rainfall between Oct. 18 and …
Singapore wants to bolster its status as a wealth management and foreign-exchange center as part of plans to create more financial-sector jobs and mitigate the effect of rapid changes in technology. In a plan unveiled Monday, the Monetary Authority of …
A series of safety scandals at Japanese companies have put the country’s lionized factory floor under scrutiny as manufacturers struggle with increased pressure on costs, stricter enforcement of standards and growing competition. With margins squeezed by a stagnant domestic market …
Ironshore announced the appointments of three executives to underwrite Specialty Casualty risk in U.S. and London markets. Iron-Excess, the excess underwriting unit of Ironshore Insurance Services formed in September 2017, has named Sonny Powers to lead the Iron-Excess Casualty unit …
Global insurance broker Aon said it will acquire Henderson Insurance Broking Group, an independent UK-based insurance broker. Terms were not disclosed. Aon anticipates completing the acquisition in December. Henderson Insurance Broking Group is one of the UK’s largest independent brokers, …
Specialist insurer Beazley continues to build its international specialty lines team, with the appointments of Estefania Taboada and Ana Misol as financial lines underwriters in Barcelona. Their appointments follow the appointment in May 2017 of Lorena Segovia to the newly …
Standard and Poor’s and Fitch held their credit ratings for Britain unchanged on Friday [Oct. 27], but both remained gloomy about the outlook due to the likelihood of the country reaching a bad deal in its divorce talks with the …
Aon reported third quarter revenue of $2.3 billion, an increase of 6 percent from the $2.2 billion reported for the same period last year. This increase was driven primarily by a 3 percent increase related to acquisitions, net of divestitures, …
