Lloyd’s announced the appointment of Guy-Antoine De La Rochefoucauld as the new Country Manager for its French office, effective the 7th of December. The bulletin noted that he “has over 25 years experience in the insurance and reinsurance industry with …
Phil Wall, Senior Account Engineer at ACE, speaking at The Economist Risk Summit in London on Thursday, urged businesses to recognize that initiatives designed to reduce costs and streamline operations can create unforeseen side effects. These include increasing property losses …
A new report produced by Lloyd’s 360 Risk Insight and the Microinsurance Centre – Insurance in developing countries: exploring microinsurance and other commercial opportunities – notes that the size of the potential market is estimated to be “between 1.5 and …
XL Insurance, the global insurance operations of XL Capital, announced “the strengthening of its equine capabilities” with the acquisition of an underwriting and claims team from London-based Unicorn Underwriting Limited, a subsidiary of THB Group plc. “The team of five …
A new Lloyd’s Open Form (LOF) arbitration panel has been launched by Lloyd’s of London. The appointments follow Lloyd’s announcement last May that it would change the way the panel operates, “and invited applications for a position on the panel …
Catastrophe risk modeling firm AIR Worldwide described the storm, which struck Southern England and Wales last Friday night, November 13, as the “strongest storm of the season.” Winds gusting up to 160 kilometers per hour (100 mph) were recorded on …
The imperative of greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard, on a currency issued by a single country, the head of the IMF said on …
ACE Europeannounced the appointment of John Stanway as Corporate Property & Casualty Underwriting Manager for the UK North region and Graeme McGeachie as Corporate Property & Casualty Underwriting Manager for the UK South region. “This follows the company’s announcement in …
“Economic downturns are often linked to increases in fraud and crime,” notes an article on the Lloyd’s web site (www.lloyds.com). “In desperate times people are said to be more likely to turn to fraud, and scams are more likely to …
The Connecticut-based Beazley Group announced the launch of its first two environmental insurance products “to meet the evolving needs of the environmental services industry.” The Company, a subsidiary of the Beazley group, which is headquartered in London, has built a …
