A.M. Best Co. announced that it has affirmed the ratings of Chicago-based Chartis Specialty Insurance Company “in conjunction with its recent membership in the Lexington Insurance Pool. The company was previously a member of the Chartis U.S. Insurance Group. Best …
ACE UK has launched a multinational cover, which it described as “addressing the compliance challenges faced by companies operating in multiple regulatory regimes. The move is part of ACE GPSSM (Global Programme Solutions), a new client-focused platform to support the …
The board of the Federation of European Risk Management Associations (FERMA) elected two new vice-presidents at its meeting in Brussels on June 9: former chairman of the UK’s Airmic Julia Graham, Chief Risk Officer of law firm DLA Piper UK, …
In conjunction with the release of the latest version of its “Terrorism Threat Map,” Aon’s Crisis Management division analyzes the current state of the ongoing efforts to combat terrorist activities. The analysis differs from Guy Carpenter’s report on the same …
Former Taoiseach (Prime Minister) and European Union Ambassador to the United States, John Bruton, has agreed to accept a newly created position as the Chairman of the International Financial Services Center (IFSC Ireland). The association’s bulletin described the new role …
Munich Re has obtained cover for US hurricane and European windstorm risks amounting to US$ 80 million from special-purpose vehicle EOS Wind Ltd, which placed a catastrophe bond in the market. “MEAG, Munich Re’s asset management company, came up with …
Agreeing on a $1 trillion safety net may prove the easy part of saving the euro now the European Union’s leaders are turning to the divisive issue of tightening economic policy coordination. The European Commission wants to reinforce economic surveillance …
ACE UK today announced the launch of a suite of multi-line products targeting medium to large sized businesses in four industry sectors: “professional companies or partnerships with one or more overseas branches, retailers, hotel groups and machinery manufacturers.” ACE said …
Bermuda’s Minister of Finance, the Hon. Paula A. Cox, announced that Bermuda has concluded negotiations for a bilateral agreement with the Italian Republic that will, “upon signing later this year, provide for a full exchange of information on criminal and …
Volcanic ash from Iceland caused widespread disruption at airports in Britain and other parts of northern Europe on Monday, grounding 1,000 flights and delaying hundreds of thousands of passengers, aviation officials said. Eurocontrol, the European air traffic agency, said Britain …
