By Kathleen S. Ellis The stars are aligning for a growing demand for political risk insurance. Changes in the landscape have created fresh opportunities for producers to increase retention and grow their customer base by offering political risk insurance protection …
The second strong hurricane of the season, Felix, is currently roiling the waters of the Southern Caribbean, as it passes over the Netherlands Antilles. The islands – Bonaire, Curaçao and Aruba are close to the South American mainland off the …
A poll, conducted by Fitch Ratings, indicates that the banks and insurance companies it rates in the Latin America Region as to the extent they may hold direct or indirect exposure to U.S. subprime backed structured securities, found that “exposure …
Federal authorities announced they had broken up a suspected Muslim terrorist cell planning a “chilling” attack to destroy John F. Kennedy International Airport, kill thousands of people and trigger an economic catastrophe by blowing up a jet fuel artery that …
Zurich Financial Services Group announced plans to move its Latin American regional headquarters from Santiago, Chile, to Miami in early 2007. The Company also appointed Jaime Paredes, 51, as the new CEO of Zurich Latin America, effective November 6, 2006. …
For 2005, the most stolen vehicle in the nation was the 1991 Honda Accord, according to Hot Wheels, the National Insurance Crime Bureau’s companion study to its annual Hot Spots auto theft report. The study examines data reported to the …
Guy Carpenter & Company, Inc., the global risk and reinsurance specialist of the Marsh & McLennan Companies, announced that its dedicated facultative reinsurance unit, GCFac, has launched STEALTH (Sabotage and Terrorism Electronic Application Linked to Hiscox). The bulletin described STEALTH …
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 …
Guy Carpenter & Company, Inc., Marsh & McLennan’s global risk and reinsurance specialist, announced that Hugh Powell has assumed the role of CEO of its Latin America and Caribbean Region. He will manage Guy Carpenter’s operations in Argentina, Brazil, Chile, …
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 …
