Global insurance broker Lockton has published its Fall 2008 Market Update, a snapshot guide to the latest trends and emerging risks confronting risk managers and insurance carriers today. “The 2008 Lockton Market Update reports that insurance carriers face an ominous …
Pressures that could harden the property and casualty insurance market loom over insurance carriers entering into the final weeks of 2008, says a new industry report by the global insurance broker Lockton. In its Fall 2008 Market Update, a snapshot …
The Bermuda-based Catlin Group Limited has just released its “Interim management Statement,” which shows premium gains in most sectors, but did not give fianncial results. Catlin operates extensively in the U.S., as well as from its Bermuda headquarters, from international …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘B++’ (Good) and the issuer credit rating (ICR) to “a-“from “bbb+” of Cyprus-based Alliance International Reinsurance Public Company Limited (Alliance Re). The outlook for the FSR …
Melville, New York-based managing general agency WKF&C Agency Inc. said it has added several new enhancements to its professional liability portfolio that all are underwritten by certain underwriters at Lloyds of London. The enhancements include: excess liability of up to …
Fear of conflict, instability, crime and increasing state intervention arising from the financial crisis might sound like good news for political risk consultancies that have sprung up in recent years — but in reality the industry is feeling the crunch, …
Bowring, Marsh’s International Specialist Broker, announced new efforts to make its placement leadership meet the requirements of its clients by creating “five bespoke risk transfer products covering property, casualty and terrorism risks.” The bulletin described each product as incorporating “unique …
The Bermuda-based, but UK-listed, insurer Hiscox expects strong growth in 2009, thanks to rising premiums in some of its core markets and increased business due to credit and capital problems at some competitors, it said on Monday. Shares in Hiscox …
The Bermuda-based Max Capital Group has completed the previously announced acquisition of Imagine Group (UK) Limited, a Lloyd’s insurance operation, from Imagine Insurance Company Limited. “Imagine Lloyd’s managing agent will be renamed Max at Lloyd’s Ltd.,” said the announcement. “The …
Willis Group Holdings has appointed Christopher R. Burns as CEO of its Global Employee Benefits Practice. He is based in New York, and will be responsible for the strategic growth and operational oversight of the practice, reporting to Allan Gribben, …
