International
Munich Re: Global Insured Cat Losses in H1 Land Below Long-Term Average
Overall losses and insured losses from natural catastrophes during the first half of 2015 were below long-term average values, according to a review of global natural catastrophes issued by Munich ...
ACE Group Launches Luxury Retailer Coverage For Wedding Dress Delivery Snafus
ACE Group is targeting international retail and luxury goods retailers with new specialized insurance coverage that addresses everything from wedding dress delivery snafus to fallout from product ...
Bermuda Adopts Solvency II ‘Equivalency’ Measures
A bulletin from Bermuda notes that the island's parliament took regulatory action this week to align its regulatory insurance procedure. The goal: recognition by the European Commission as being ...
W.R. Berkley Launches Specialty Arm Focused on Construction Professional Liability
W.R. Berkley Corp. is launching Berkley Construction Professional Liability Underwriters, yet another expansion of its specialty coverage offerings. The new unit will offer professional liability, ...
Guy Carpenter Division Places First Cat Bond For China Perils
GC Securities said it has placed a newly formed catastrophe bond shelf program with China Re - the first of its kind to benefit Chinese insurers/reinsurers and perils. The announcement of the Guy ...
Greek Economic Turmoil May Kill Munich Re Unit’s Acquisition Plan
Munich Re's Ergo Insurance unit may cancel its planned 90.1 million-euro ($100 million) acquisition of Greece's ATE Insurance SA if the country doesn't return to stability. "Depending upon how the ...
Eurozone Insurers Can Withstand Greece’s Instability: A.M. Best
The impact of Greece exiting the eurozone is likely to hit market confidence in the region, although insurers and reinsurers operating in the economic bloc are well positioned to withstand a ...
UK Insurers to Stress Test for Terrorism in London, New York
U.K. regulators have asked property/casualty insurers to stress test their capital reserves against catastrophes, including a synchronized terrorist attack in London, New York and one other major ...