A report from Aon’s London office concludes that “2009 Insurance premiums are predicted to remain flat for offshore energy business for October’s renewals.” The premiums are dependent on location, loss history and the limits sought, according to Aon. “This is …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of the Bermuda-based Catlin Insurance Company Ltd (CICL), Catlin Insurance Company (UK) Ltd., the U.S. company Catlin Insurance Company, Inc. (CICI) …
A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 2003, which is managed by Catlin Underwriting Agency Limited (CUAL), a member of the Bermuda-based Catlin Group Limited (CGL), …
Insurance is an under-used way for the tourism industry to manage the risks of climate change, with existing offers ranging from a “perfect weather guarantee” by Barbados to ski resorts promising deep snow, experts say. “Insurance products…have a huge potential …
Property/casualty insurer Ironshore Inc. in Bermuda has completed an equity capital deal that will raise $300 million to support the continued expansion of Ironshore’s specialty insurance business. Lead investors in this transaction include GTCR Golder Rauner, LLC, a private equity …
The UK’s Chartered Insurance Institute announced that its London Market faculty will hold a second “Counter Terrorist Workshop” in conjunction with the City of London Police on November 10. The CII said the first conference, held earlier this year, had …
Politico-social trends are rarely static; they evolve over time. Terrorism is no exception. An article on the Lloyd’s of London web site (www.lloyds.com) notes that “today’s extremists are just as intent on causing headline grabbing death and destruction – but …
The ACE Group of insurance and reinsurance companies today announced the appointment of David Jones to the newly created position of Head of Power for its international property and casualty insurance business. He will be responsible for the continuing growth …
The news media sometimes neglects important events in an effort to avoid overexposure. But when a new twist occurs, the media returns to the subject with a vengeance. The latest example is the extensive coverage given to the hi-jacking of …
Houston-based insurance wholesaler London American Risk Specialists Inc. has promoted Chris Chiodetti to multi-lines manager. She will be responsible for all multi-lines/middle market operations, underwriting and servicing for London American and will report to Rob Arnold, president. Chiodetti has been …
