Industry Views

Aspen Has Established Silverton Re to Offer Additional Collateralized Capacity
Dec 4, 2013
Aspen Reinsurance's capital markets division has established a new special purpose insurer called Silverton Re to offer additional collateralized capacity to support Aspen Re's global reinsurance business. Bermuda domiciled Silverton ...

Tags: Aspen Reinsurance, new special purpose insurer, Silverton Re
Zywave's Insurance Solutions Division Is Bought by Aurora Capital
Dec 4, 2013
Aurora Capital Group, a Los Angeles-based private equity firm, has purchased Insurance Solutions Division of Zywave, an insurance software technology provider, from Vista Equity Partners, for an undisclosed sum. Aurora's Software & ...

Tags: Aurora Capital, Zywave's Solutions Division, Purchases Insurance
GEICO Expects The Office to Grow to 400 Associates by 2015 and up to 1,000 Associates
Dec 4, 2013
Governor Rick Perry joined GEICO Chairman Tony Nicely today to announce the company is opening a new claims operation in Katy, Texas. GEICO expects the office to grow to 400 associates by 2015 and up to 1,000 associates in the next three ...

Tags: GEICO, Claims Operation, New Houston Area, Add up to Jobs
Judge Rules Detroit Bankrupt
Dec 4, 2013
The US federal judge formally declared Detroit bankrupt on Tuseday. Once known as the cradle of the US auto industry, Detroit now adds an ignominious new title: largest bankrupt city in US history. Written by Dora Men

Tags: Detroit, Bankrupt, Transportation
Aon Benfield Announces The Appointment of Kelly Smith as President of Its U.S. Business
Nov 29, 2013
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc (NYSE: AON), announces the appointment of Kelly Smith as President of its U.S. business, effective today. Kelly will report to Bryon Ehrhart, Chief Executive ...

Tags: Kelly Smith, Aon Benfield, President
Global Export Protection Is Unveiled by ACE in Continental Europe
Nov 29, 2013
ACE Group, a global multiline property and casualty insurer, has rolled out its new and improved risk management plan for companies in Continental Europe, to support the evolving casualty needs of middle-market businesses. Dubbed as ...

Tags: ACE, Export Protection, Continental Europe
Mainfreight Announces Its Expansion Into Thailand and The Newest Branch in Bangkok
Nov 27, 2013
Mainfreight managing director Don Braid has travelled to Thailand with New Zealand Prime Minister John Key and other NZ business mangers on a trade mission to Thailand. Mr Braid used this opportunity to announce Mainfreight’s expansion into ...

Tags: Mainfreight, open, office, Thailand, Big Ambitions
Residents Are Bracing for an Explosion in Truck Numbers on Moorebank Streets
Nov 25, 2013
Residents of Moorebank and surrounding suburbs in Sydney’s south west are bracing for an explosion in the numbers of heavy container trucks on residential streets, believing that the proposed intermodal terminals will not have sufficient ...

Tags: resident, fear, explosion, truck number, Moorebank, street
A Landmark Industrial Development Site Has Come on The Market
Nov 25, 2013
A landmark industrial development site in one of Australia’s premier distribution locations has come on the market, with the purchaser able to benefit from the leasing income whilst obtaining masterplan approval to develop the site. The ...

Tags: Landmark, Sydney, industrial, site, market
Tuff Trailers Has a Nomination for a Prestigious Swedish Steel Prize
Nov 25, 2013
Australian custom-built trailer manufacturer Tuff Trailers is being recognised for its innovative mono-spine ‘Load ‘N’ Lift’ trailer design with a nomination for a prestigious Swedish Steel Prize. Owner and CEO of Tuff Trailers (QLD) ...

Tags: Australian, trailer, design, gain, international recognition
Tony Sheldon Said Six Deaths in Two Days Was Evidence of The Pressure on Drivers
Nov 25, 2013
Transport Workers’ Union (TWU) national secretary Tony Sheldon said six truck crashes and six deaths in two days was evidence of the pressure on drivers to speed or skip rest breaks, to meet unrealistic deadlines. “Road transport is ...

Tags: six, truck-related, death, two days
The Victorian Labor Opposition Has Released an Ambitious Transport Revitalisation Plan
Nov 25, 2013
The Victorian Labor Opposition has released an ambitious transport revitalisation plan should it win government at the next election. The centrepiece of the plan is the scrapping of the East-West road tunnel project, the construction ...

Tags: Vic, labor, cancel, east
MetLife Has Been Chosen as an Official Partner for The US Department of VADIP
Nov 25, 2013
MetLife, a US life insurer, has been chosen as an official partner for the US Department of Veterans Affairs Dental Insurance Program (VADIP), for which enrollment started on 15 November, while the coverage begins from 1 January 2014. ...

Tags: Dental Insurance, MetLife
Zurich Insurance Group Is Set to Dispose of Its Remaining 9.4% Stake
Nov 25, 2013
Switzerland’s multi-line insurance provider Zurich Insurance Group is set to dispose of its remaining 9.4% stake in New China Life Insurance (NCI) for $943m (&pound;584.7m), to diversify its Asian operations. Zurich plans to reinvest ...

Tags: Zurich Insurance, Life Insurance
UK Life Group Resolution Is Negotiating with Prospective Buyers to Divest Lombard Division
Nov 25, 2013
UK-based life insurance group Resolution is, reportedly, negotiating with prospective buyers to divest its Luxembourg-based Lombard division, which markets tax-efficient insurance products to high net-worth individuals. The business ...

Tags: Life Group, Insurance Business