Gary Schmalzriedt, Chairman and CEO of ACE Overseas General (AOG), announced that Tomas Urbanec has been named as Executive Vice President, International Personal Lines. AOG is a financial reporting unit of ACE Limited, which comprises the Company’s international property casualty …
Kinnect isn’t the only technology-based initiative making news around Lloyd’s (See previous article). Xchanging Ltd., its back office service provider and in independent company, is expanding its presence in the insurance sector through the acquisition of the U.K.-based insurance technology …
A new report, compiled by the International Maritime Board, found a 20 percent rise in the number of attacks by pirates in 2003. Violence involved in the incidents is on the rise as well. As reported by the BBC, the …
A.M. Best Co. announced that it has affirmed the financial strength rating of B++ (Very Good) of Malaysia’s Labuan Reinsurance Company Ltd. (Labuan Re), with a “stable” outlook. “The rating reflects Labuan Re’s improving underwriting performance, conservative investment portfolio and …
A.M. Best Co. announced that it has, affirmed the financial strength rating of B++ (Very Good) of Tunisia’s BEST Reinsurance (BEST Re), reflecting the company’s “improved level of consolidated risk-adjusted capitalisation, consistently profitable underwriting performance and a diversified spread of …
Fifty-three years ago, 13 young American women started something that seemed so small back then. They built it up and nurtured it with their spiked shoes and flat putters and today, what seemed like a novel idea more than half …
A.M. Best Co. announced that it has recently integrated its Asia/Pacific insurance rating and information operations to serve Japan, Australia and New Zealand under A.M. Best Asia-Pacific Ltd. in Hong Kong. “Companies in Japan, Australia and New Zealand will now …
Lloyd’s announced that it has issued accreditation to four new brokers, including the first from India, as part of its ongoing initiative, launched in 2001, to widen access to the London market. The brokers are CK Re, Harman Wicks & …
Local authorities in the town of Kuta on the Indonesian island of Bali have confirmed that at least 190 people died, and more than 300 were injured, when an enormous explosion completely destroyed the Sari Club, a local discotheque, and …
China has welcomed the GAB Robins Group of Companies, a provider of independent loss adjusting and investigative services, to Beijing. GAB Robins is the first foreign independent loss-adjusting firm established with total support from the Chinese government. According to GAB …
