ACE Group has signed a partnership agreement with Transavia to provide the airline’s customers with travel and flight cancellation insurance cover. Transavia, based in The Netherlands, is a member of the Air France KLM Group, and provides scheduled and charter …
Allianz SE reported an unexpected decline in fourth-quarter profit as the exit of Bill Gross at Pacific Investment Management Co. (PIMCO) spurred clients to withdraw assets. The shares fell the most in five months. Net income fell to 1.22 billion …
ACE Group announced the launch of a new luxury goods practice across Continental Europe. The launch of the practice follows research by ACE where almost six in ten European luxury goods companies taking part reported that globalization has increased the …
ACE Group has appointed Martin Stankiewicz as head of sales and distribution, Nordics, as it continues to strengthen its insurance capabilities and team in the region. Stankiewicz has also joined ACE’s local management team. In this newly created role, Stankiewicz …
ACE Group today announced the appointment of David Fedarb to the new role of head of travel insurance for Eurasia and Africa, as it expands its insurance capabilities in a region experiencing rapid growth of international travel. Eurasia and Africa …
Fraud cases are on the rise and the profile of fraudsters is changing to include more young individuals seeking to fund extravagant lifestyles, according to ACE Group. As pressure on bank balances grows after the traditional Christmas excesses, ACE warns …
ACE Group announced the launch of a new, independent cyber risk business unit as it continues to strengthen its local underwriting and risk management capabilities across Continental Europe. The announcement follows research by ACE which indicates that cyber is a …
ACE Group announced that James Langdon, Lloyd’s market manager for energy within ACE Global Markets, has been promoted to the new role of global head of upstream energy as the company continues to build its presence across the world’s energy …
ACE Ltd., the Swiss insurer with operations in more than 50 nations, authorized $1.5 billion of share buybacks to take place in 2015. The plan replaces the authorization that expires at the end of this year, according to a statement …
A report on the insurance industry released Wednesday shows “a profound lack of preparedness in addressing climate-related risks and opportunities.” Insurance industry representatives immediately criticized the report as a negative take on the industry’s ability to adapt and not reflective …
