The Bermuda-based Catlin Group Limited has established a new office in Hong Kong. “Catlin Hong Kong Limited will operate as a registered Lloyd’s of London coverholder, binding non-life business on behalf of the Catlin Syndicate (Syndicate 2003) at Lloyd’s,” said …
Standard & Poor’s Ratings Services has raised its counterparty credit and insurer financial strength ratings on Ming An Insurance Co. (Hong Kong) Ltd. to “BBB” from “BB+” after the company was paid a long outstanding reinsurance debt of HK$886 million …
The International Insurance Society announced that Orio Giarini, of Switzerland’s Geneva Association and Siegfried Sellitsch of Austria’s Wiener Staedtische have been named to the prestigious Insurance Hall of Fame. They will be honored in Chicago, July 17, 2006, at the …
Global broker and risk management specialist Marsh has announced a global restructuring, which will include combining its Asia and Pacific regions. “Through this move Marsh intends that its new Asia Pacific region will deliver significant growth potential, in the next …
The Boston-based Liberty Mutual Group plans to enter the Turkish market with the purchase of a majority stake in Seker Sigorta A.S. Liberty Mutual signed an agreement on June 16 with Sert Holding A.S. for the acquisition of a majority …
Beazley Group plc has increased its stake to 100 percent in Asia Pacific Underwriting Agency Limited (APUA), a Hong Kong based insurance underwriting agency, that sources business throughout Asia from insurance intermediaries. The decision reflects Beazley’s drive to expand its …
General Motors, Shanghai General Motors Corp. received approval to open an office in Shanghai as a step toward beginning insurance operations in China. Detroit-based GM said that Motors Insurance Corp., part of the insurance unit within the automaker’s General Motors …
Liberty International Underwriters (LIU) – a division of the Boston-based Liberty Mutual Group – has opened an office in San Juan Puerto Rico, as part of its “overall strategy of getting closer to brokers.” The new office joins LIU’s 2006 …
Insurance buyers are taking a close look at their insurance and risk management programs, looking for possible financial recourse in the event of an outbreak. It is therefore worthwhile to examine each line of coverage in order to properly evaluate …
Swiss Re announced that it has officially opened the “Swiss Insurance Training Centre (HK) [SITC-HK], to mark the company’s 50th year in Asia-Pacific.” Swiss Re said the new facility will provide “state-of-the-art courses for insurance and reinsurance professionals from throughout …
