A chorus of opposition is growing against Prudential Plc’s bold $35.5 billion takeover of American International Assurance (AIA), with analysts from Singapore to London flagging risks to the deal just weeks ahead of the critical shareholder vote. Many analysts have …
Markel International, a subsidiary of Markel Corp. that operates in the Lloyd’s market, has launched a new trade credit division. Ewa Rose, who joined Markel earlier this year, has been named as managing director of the new division. Senior underwriters …
Lloyd’s of London announced that it estimates its net claims before tax from the earthquake in Chile to be in the order of $1.4 billion. Current estimates for the net claims from the Deepwater Horizon explosion in the Gulf of …
Lloyd’s of London has asked a U.S. court to block a claim filed by oil major BP seeking damages against driller Transocean, which drilled the well which is currently gushing crude into the Gulf of Mexico. Lloyds underwriting syndicates and …
Denver-based Intermap Technologies, a worldwide 3D digital mapping and geospatial solutions company, and the UK’s JBA Consulting, a European flood risk and environmental management firm, announced a strategic collaboration, designed to “provide detailed flood mapping services for clients across Continental …
Chicago-based Aviva North America, part of global insurance and annuities company Aviva plc, has appointed Dan Guilbert to the role of chief risk officer (CRO). Most recently, Guilbert served as chief actuary and risk officer for The Hartford Life Insurance …
“Ordnance Survey (OS) data is now publicly available for free, giving insurers access to crucial information to aid risk assessment,” states a bulletin on the Lloyd’s web site (www.lloyds.com). Making the detailed maps available to the industry marks the end …
Shareholders have sued the board of BP Plc for failing to monitor safety and exposing the company to potentially enormous liability related to the Deepwater spill disaster in the Gulf of Mexico, according to court documents. A month ago a …
Tropical Storm Risk (TSR) provides “real-time mapping and prediction of tropical cyclone wind fields worldwide.” The firm is co-sponsored by Aon Benfield, with RSA and Crawford & Company. It has just released a “pre-season outlook report to coincide with the …
The Princeton NJ-based Catastrophe Risk Exchange (CATEX) and London-based TriSystems, both providers of technology platform and services to the global insurance and reinsurance industries, announced a strategic partnership “to deliver a full end-to-end solution for bordereau formatting, processing and reporting. …
