Arkansas Insurance Commissioner Julie Benafield Bowman testified before the United States Senate Committee on Commerce, Science and Transportation on April 11 on the overall state of the property/casualty insurance market and its regulatory landscape. Speaking in support of state-based insurance …
Lloyd’s Chairman Lord Peter Levene made a trip to Malaysia’s capital Kuala Lumpur to help launch the London Market’s new subsidiary there, Lloyd’s Labuan Limited, and the upgrading of its reinsurance license. Lloyd’s bulletin explained that until now it “has …
The world’s largest insurers continue to bring the threats posed by global warming/climate change home to the rest of the world, and to press for remedial action. A report earlier this week found that much of the world would probably …
France’ SCOR group announced that it has received the approval of the China Insurance Regulatory Commission (CIRC) for a reinsurance license in China “that will enable it to open a branch in Beijing with a view to conducting property & …
CIGNA International announced from Bangkok that it will acquire an interest in Thai Charoen Insurance Public Company Limited (TCI), a member of the Thai Charoen Commercial Group, which provides non-life insurance products to the Thailand market. The companies expect the …
ACE announced from its London office that Giles Ward has been appointed Director of its operations in the Middle East and North Africa region (MENA), effective from September 16th. He will be based in the newly established regional head office …
France’s AXA Group has appointed Philippe Donnet to the position of AXA Group Regional CEO – based in Singapore – to oversee AXA’s principal insurance businesses in the Japan & Asia-Pacific region, effective October 1. The appointment confirms AXA’s intention …
The Boston-based Liberty Mutual Group plans to enter the Turkish market with the purchase of a majority stake in Seker Sigorta A.S. Liberty Mutual signed an agreement on June 16 with Sert Holding A.S. for the acquisition of a majority …
Indonesia averaged one human bird flu death every 21/2 days in May, putting it on pace to soon surpass Vietnam as the world’s hardest-hit country. The latest death was a 15-year-old boy whose preliminary tests were positive for the H5N1 …
Lloyd’s has announced that Ian Faragher has been appointed Chief Operating Officer of its new Chinese onshore reinsurance operation in Shanghai, Lloyd’s Reinsurance Company (China) Ltd., effective May 15. “Ian has over 25 years insurance experience and has worked for …
