Aon Re Global announced several management changes in its newly formed Europe-Middle East-Africa (EMEA) region and in the UK. Aon Re Global’s European operations have been combined with those in Israel, Bahrain and South Africa to form Aon Re Global-EMEA. …
Benfield, the independent reinsurance and risk intermediary, announced the appointment of Michael Lazarus as Head of the Group’s Facultative Solutions team for Australia, New Zealand and South Africa. He will be based in Sydney and will be part of Benfield’s …
Zurich Financial Services Group announced that it has entered into a partnership with the Swiss Agency for Development and Cooperation (SDC), for “a joint implementation of Zurich’s new cross-regional microinsurance initiative.” Zurich said the “initiative’s primary aim is to expand …
A deep freeze that has ruined many winter crops in California’s agricultural zones has also wreaked havoc on the state’s urban centers in the form of frozen, broken pipes. Fire departments across Southern California reported receiving hundreds of calls over …
Hilb Rogal & Hobbs announced that it has completed the previously announced acquisition of the stock of the London-based Glencairn Group Limited, effective January 1. (See IJ web site Dec; 21, 2006). Terms of the transaction have not been disclosed. …
Hilb Rogal & Hobbs has signed a definitive agreement to acquire the stock of Glencairn Group Limited, an independent Lloyd’s insurance and reinsurance broker group headquartered in London. HRH said the purchase price, which was not disclosed, “will consist of …
Germany’s Hannover Re has established Hannover ReTakaful B.S.C. (c) in Manama, Bahrain, a wholly-owned subsidiary to underwrite worldwide reinsurance in conformity with Islamic law (so-called retakaful business). The action follows up on the license Hannover received in September from the …
Maine Superintendent of Insurance Alessandro Iuppa has announced his intention to step down from his position effective Jan. 13, 2007. “After 20 years, including 13 in Maine, in the insurance regulatory community it is time to move on to the …
Dublin-based consultants Research and Markets have announced the addition of “BPO and Sourcing Trends in Insurance (Customer Focus)” to their offering. The study concludes that the use of outsourcing continues to rise in the insurance sector “as insurers look for …
Lloyd’s Chairman Lord Levene welcomed His Excellency Lee Hsien Loong, Prime Minister of Singapore, and a host of senior executives from across the insurance market, government and business at a dinner held in the Merchant Taylors’ Hall in London on …
