In response to the growing financial impact and frequency of product recalls for food and beverage manufacturers, distributors and importers in the U.S. and Europe, American International Group (AIG) today launched NOVI, a web-based service ...
Randall & Quilter Investment Holdings Ltd (‘R&Q’ or the ‘Group’) is pleased to announce that it has acquired the entire issued share capital of Flagstone Alliance Insurance and Reinsurance LTD (‘FAIR’), a ...
International property and casualty insurance holding company Markel Capital has reached on agreement to purchase Abbey Protection to boost its product range in the UK and improve reach within the country’s retail market. Under the ...
Tags: Markel Capital, Abbey Protection
Equifax (EFX) has launched Advanced Decisioning Attributes, a set of analytical building blocks that enhances the ability to make predictive underwriting decisions. Equifax Advanced Decisioning Attributes delivers more than 500 ...
Tags: Equifax, Underwriting Decisions
Valen Analytics, a provider of proprietary data, analytics and predictive modeling to help insurance carriers manage and drive underwriting profitability, today announced the availability of Manage within the InsureRight Platform for ...
Tags: Valen Analytics, Insurance
Reinsurance and insurance provider Validus Holdings is planning to establish a Swiss underwriting company, by transforming the existing operations of Flagstone Reassurance Suisse. Following regulatory approval, the company will be ...
Bermuda-based AXIS Capital has set up a new syndicate to expand its global underwriting platform, and provide access to Lloyd’s worldwide licenses and distribution network. Named AXIS Syndicate 1686, will be managed by Asta Managing ...
Tags: Insurance, Underwriting Syndicate
Global insurance market Lloyd's has posted a profit of $2.1bn for the six-month period ended on 30 June 2013, compared to $2.4bn recorded during the corresponding period last fiscal. Gross written premium increased by 4.9% to $23.9bn from ...
The UK International Underwriting Association (IUA) has urged the US government to keep providing its support for writing of terrorism insurance. "Without a renewal of the Terrorism Risk Insurance Act (TRIA), private provision of ...
Tags: Insurance
RACQ Insurance (RACQI), a motor vehicle and household insurance provider, has implemented Guidewire's technologies for underwriting and policy administration, claims management, and billing. Guidewire PartnerConnect alliance member, Ernst ...
Monitor Liability Managers has rolled out ExecSuite Executive Liability Insurance, a complete suite of insurance coverages that can be customized to address the specific needs of private organizations. With ExecSuite, business ...
Arthur J Gallagher& Co, a US-based insurance brokerage and risk management services company, has acquired Belmont International, a risk management advisor and insurance broker based in Kent, England, for an undisclosed sum. Founded in ...
Tokio Marine Europe Insurance has appointed Wayne Krause as the new head of Marine Underwriting, with an aim to strengthen its position in the marine market. In his new role, Krause will responsible for the development of the UK marine ...
Tags: Insurance
ACE has received a license from the Tunisian Ministry of Finance to set up its reinsurance operation in the country, which is part of its continued strategy to boost business across Middle East and North Africa (MENA) region. The global ...
Tags: Insurance License
Creechurch International in collaboration with Hiscox is planning to offer kidnap, ransom and extortion (K&R) coverage to the citizens of Canada, to help families cope with the threat of kidnapping and other similar risks. Through Hiscox, ...
Tags: Creechurch, Hiscox