WR Berkley will assume the management of WR Berkley Syndicate 1967 from June 1st, replacing the “turnkey” syndicate management agreement which has been in place since 2009.
Over a third of people are prepared to stretch the truth on their insurance forms in order to reduce their premium, a study by Zurich has found.
Over a third of insurers are planning to change their prices in response to the new Solvency II regulation, according to a study by Deloitte.
The insurance industry in the kingdom of Bahrain has tripled in size between 2003 and 2011, according to the Bahrain Economic Quarterly report.
While winds have weakened to 50 mph, heavy rain is still expected from the tropical storm BERYL, according to an update by the National Hurricane Centre.
A report by rating agency Fitch found that several reinsurers will be significantly exposed to catastrophe events in 2012, after becoming financially weakened by events in 2011.
Rating agency AM Best has assigned ARABIA Insurance a financial strength rating of B++, and an issuer credit rating of bbb+.
Insurers in the United States (US) have sufficient capacity available for coverage prior to the approaching US hurricane season, according to Fitch Ratings.
Insurers are a major investor in the Maltese stock market, carrying on the tradition of companies - and even individuals – on the island investing in other local firms and stocks.
Resistance to change is the biggest weakness of insurers and brokers, according to a survey at the 9th annual Global Communications, Technology & Media (CTM) Forum in Salzburg.