San Diego, CA, January 6, 2015: Atlas General Insurance Services, LLC, a national multi-line program manager, is pleased to announce the addition of a new binding agreement for its Property DIC Division. The agreement, underwritten by Lloyd’s of London, will …
USI Insurance Services has launched a new terrorism insurance product to address the expiring Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which ends Dec. 31. Unlike TRIPRA however, USI’s Terrorism Facility Solution, which is underwritten by Lloyd’s of London, covers …
Lloyd’s announced that Mark Cooper has been appointed as the market’s first Country Manager for Dubai. Beginning in February he will head up Lloyd’s new operation in the Dubai International Financial Centre (DIFC), “managing the platform and supporting Managing Agents …
Encino, Calif.-based NAS Insurance Services, a full-service specialty insurance underwriting manager, has partnered with Prospect Insurance Brokers Ltd. and Ark Specialty Programs of Lloyd’s of London to launch an insurance program for businesses facing the threat of Ebola-related closure. Regulatory …
Lloyd’s reported a profit of £1.67 billion {$2.7218 billion] for the first six months of 2014, marking a 21 percent increase on the corresponding period last year. The announcement said that “while these results show an improvement over the equivalent …
Brit PLC, a global specialty insurer and reinsurer, has developed an insurance service to protect companies operating critical infrastructure and industrial machinery from terrorist and other malicious attacks, such as sabotage, espionage and theft. Critical infrastructure, operated through complex software …
Oregon’s tough wildfire season has pushed spending to the point the state Department of Forest is tapping its special insurance policy for the second year in a row. The Bulletin reported that state wildfire costs exceeded the $20 million deductible …
A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of Lloyd’s and Lloyd’s Insurance Company (China) Limited (LICCL) (China). Best also affirmed the ICR of “a” of Society of Lloyd’s …
Wholesale insurance broker Cooper Gay Swett & Crawford (CGSC) has launched an underwriting management agency specializing in the healthcare industry. The new venture, Pro-Praxis Insurance, will be led by Robert Allen who has 25 years of experience in the industry, …
The New York Road Runners (NYRR), a nonprofit group that organizes the annual New York City Marathon, received $15 million in insurance proceeds from Lloyd’s of London for the cancelled New York City marathon in 2012, according to a report …
