Lloyd’s has announced that Ian Faragher has been appointed Chief Operating Officer of its new Chinese onshore reinsurance operation in Shanghai, Lloyd’s Reinsurance Company (China) Ltd., effective May 15. “Ian has over 25 years insurance experience and has worked for …
Liberty International Underwriters, a division of Liberty Mutual Group, has opened a North Asia Regional Office in Quarry Bay, Hong Kong. “The explosive growth of specialty insurance in Asia is underscored by Lloyd’s assessment of the market,” said the bulletin. …
Columbus, Ohio-based Assurex Global has added new partners in Australia, Switzerland and Austria. OAMPS Insurance Brokers, Ltd. in Australia; GWP Insurance Brokers in Switzerland; and Assurance Partners Versicherungsmakler – und beratung GmbH in Austria were named Assurex Global Partners. OAMPS …
The Board of Directors of Transatlantic Reinsurance Company, a subsidiary of Transatlantic Holdings, Inc. announced the election of new officers at a regularly scheduled Board meeting. The bulletin gave the following details of the appointments: Chicago: Timothy O’Connor – Vice …
A global survey study conducted by Marsh Mac’s Mercer Human Resource Consulting has determined that while “evidence of the global spread of avian flu increases, there is a striking gap between companies’ concern about the impact of a human pandemic …
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) and assigned an issuer credit rating of “aa-” to Hang Seng Insurance Company Limited (Hang Seng Insurance) (Hong Kong). The outlook for both ratings is stable. The ratings …
Munich Re AG, the world’s largest reinsurer by gross premiums, said Tuesday its fourth-quarter profit quadrupled and its annual earnings rose despite the furious series of hurricanes that struck the Gulf of Mexico last year. The company said its sale …
The Liberty Mutual Group announced form its Boston headquarters that its Portuguese subsidiary, Liberty Seguros Portugal, has signed a memorandum of understanding with insurer Acoreana to form a strategic alliance in the Portuguese insurance business. Liberty said that once the …
Paris will host representatives from more than 50 countries for a two-day forum that will seek ways to cope with the increasing spread of the deadly avian flu virus H5N1. As wild birds continue their seasonal migrations, they have come …
