Insurance Australia Group Limited announced that its Thai investment holding company, NHCT Limited, has successfully completed its tender offer for shares in Thailand’s Safety Insurance Public Company Limited. NHCT has now acquired approximately 98 percent of Safety Insurance. It has …
“Disease, kidnap and ransom, and terrorism risks pose the greatest threat to global filmmaking,” according to the 2006 Risks in Global Filmmaking Map published today by Aon/Albert G. Ruben. Aon’s bulletin said “the map, which measures crime and corruption, terrorism, …
The Liberty Mutual Group announced form its Boston headquarters that its Portuguese subsidiary, Liberty Seguros Portugal, has signed a memorandum of understanding with insurer Acoreana to form a strategic alliance in the Portuguese insurance business. Liberty said that once the …
Insurance Australia Group Ltd. (IAG), the country’s biggest auto and home insurer, posted a six-month profit for the period ended Dec. 31, 2005 of A$461 million (US$340.7 million). However, overall policy sales declined by 3.7 percent during the period to …
The ACE Group of Companies reported the appointment of new senior managers in South Africa and New Zealand. Scott Pickering, country manager and managing director of ACE New Zealand, has been appointed chief executive officer for ACE’s new South Africa …
Euler Hermes ACI, a provider of trade credit insurance and risk mitigation information, has released a special global risk analysis report from its U.S. headquarters in Maryland. The company, a subsidiary of French insurer AGF, which is in turn part …
Munich Re has released the results of a “loss inspection” conducted on the West Coast of Thailand to assess the consequences of the devastating tsunami, which struck the area one year ago. Experts from the reinsurer’s Geo Risks Research team …
Insurance Australia Group announced that it has agreed to purchase a stake in Royal and SunAlliance (Thailand) Ltd. the country’s second largest insurer. Neither the size of the stake nor the purchase price were disclosed. The move is IAG’s second …
Assurex Global — the world’s largest privately held risk management and commercial insurance brokerage group – announced that it has expanded its worldwide presence with the addition of an international broker Partner in Bangkok, Thailand. Trafalgar International Ltd., one of …
Ten Thai nationals were arrested in California for allegedly participating in a car theft ring that caused $10 million (euro7.7 million) in losses to dealerships and insurances, police said. The suspects were arrested for investigation of embezzlement and auto theft, …
