Aon Risk Solutions, the global risk management business of Aon plc, has published its 2013 P&I Review, which “predicts P&I clubs’ general increases at the 2014 renewal of between 5 percent and 15 percent.” Aon said much of the increase …
AXA ART announced that it has “joined forces with Brazil’s largest independent insurer, SulAmérica, to offer art insurance products and related services to insure the collections of a growing Brazilian art market. “The alliance serves to make available a portfolio …
Cooper Gay Asia Pte Ltd, the Asian arm of the global reinsurance and wholesale broker Cooper Gay Swett and Crawford (CGSC), announced the appointment of Julian Yu as Deputy Head of Treaty, Hong Kong, effective October 2nd. He will be …
Munich Re announced the appointment of Bernhard Kaufmann (44) to the post of Group Chief Risk Officer, effective as of January 1, 2014. He succeeds Joachim Oechslin, who will be joining the Executive Board of the Credit Suisse Group from …
Berkshire Hathaway Specialty Insurance has introduced business crisis event cost coverage, which extends its casualty and healthcare lead umbrella policies to cover costs incurred to manage a business crisis, including the fees of a crisis management consulting firm. The new …
Pawtucket, R.I.-based home insurer Narragansett Bay Insurance Company (NBIC) said it is increasing its capacity for coastal homeowners insurance through select agency partners. The company said it is expanding its coastal capacity for Cape Cod, Plymouth County, the North Shore, …
Hedge fund manager Philip Falcone, banned from the securities industry for five years by U.S. regulators, is also being banned for seven years from decision-making roles at Fidelity & Guaranty Life Insurance, a unit of his firm, New York officials …
The new Shanghai free trade zone should benefit property/casualty insurers, particularly those in marine/cargo and liability insurance, according to Moody’s Credit Outlook. On Sept. 29, the date that Shanghai’s municipal government’s launched its free trade zone, the China Insurance Regulatory …
New Jersey Gov. Chris Christie says a low-level manager — not the state’s mass transit chief — was to blame for failing to move trains to higher ground during Superstorm Sandy, causing $120 million in damage. Christie told The Record …
Travelers has introduced a suite of online resources to help business owners navigate the growing threat of cyber risks while also protecting their assets and their customers’ information. The launch of the new resources coincides with the start of National …
