International Insurance

International Insurance Newsletter | November 2018 Edition

International Insurance Newsletter | November 2018 Edition

International Insurance Newsletter | November Edition   Recent Successes: Placed local Package & Umbrella policies in Canada on behalf of a manufacturer of ready to assemble furniture products. Placed a standalone Employers’ Liability policy for an Italian restaurant chain opening up in the UK. Bound local policies in Australia and the UK as part of a Controlled Master Program for a leading provider of household consumer chemical products and restoration services. New Zealand There has been a very large increase in cyber incidents reported to CERT NZ, New Zealand’s government authority on cyber security. According to CERT NZ’s Q2 2018 report, cyber incident reporting by organisations has increased 145% since Q1 2018 – up from 506 to 736 incidents reported by organisations. Direct financial losses from all cyber incidents for the period totalled NZ$2.2m, or US$1.42m). However, this only reflects…read more →

International Insurance Newsletter – October 2018 Edition

International Insurance Newsletter – October 2018 Edition

International Insurance Newsletter | October Edition   Recent Successes: Placed local admitted Property & General Liability policies in China as part of a controlled master program for an investment consultancy with a healthcare industry focus. Placed broad form Management Liability coverage in Australia for a multinational behavior change media and technology company. Global Terrorism More than half of all terrorism attacks in the world in 2017 took place in four countries: Iraq (23%), Afghanistan (13%), India (9%), and Pakistan (7%), according to the Global Terrorism Database. More than half of all deaths took place in three countries: Iraq (24%), Afghanistan (23%), and Syria (8%). In 2017, there were 10,900 terrorist attacks around the world, which killed more than 26,400 people, including 8,075 perpetrators and 18,488 victims. 2017, though, marks the third consecutive year of declining numbers of terrorist attacks and…read more →

International Insurance Newsletter – September 2018 Edition

International Insurance Newsletter – September 2018 Edition

Recent Successes: Placed overseas Directors & Officers policies in 5 countries as part of a controlled program on behalf of a global leader in energy storage and power delivery solutions. Placed both a Medical Evacuation policy and a K&R policy with Political Evacuation coverage for employees working in Afghanistan. Placed a Clinical Trials Liability policy for a drug safety and tolerance study in Jordan with a local limit equivalent to the high US limits.   Jordan. As a key part of reforms to boost the finances of a debt-burdened economy hit by regional conflict, Jordan’s Cabinet approved major IMF-guided proposals that aim to double the income tax base. Among the proposals is a move to increase the corporate income tax on banks, financial institutions and insurance companies. The Jordan Insurance Federation has rejected the draft income tax law that would…read more →

International Insurance Newsletter – July 2018 Edition

International Insurance Newsletter – July 2018 Edition

International Insurance Newsletter | July 2018 Edition     Recent Successes: Placed overseas Directors & Officers policies in 5 countries as part of a controlled program on behalf of a global leader in energy storage and power delivery solutions. Placed both a Medical Evacuation policy and a K&R policy with Political Evacuation coverage for employees working in Afghanistan. Placed a Clinical Trials Liability policy for a drug safety and tolerance study in Jordan with a local limit equivalent to the high US limits. Jordan. As a key part of reforms to boost the finances of a debt-burdened economy hit by regional conflict, Jordan’s Cabinet approved major IMF-guided proposals that aim to double the income tax base. Among the proposals is a move to increase the corporate income tax on banks, financial institutions and insurance companies. The Jordan Insurance Federation has…read more →

International Insurance Newsletter – June 2018 Edition

International Insurance Newsletter – June 2018 Edition

The world is a complex place and you have a lot to worry about. It is critical that you have the confidence that the insurance broker you choose has the ability and resources to help you globally. We are an authorized Globex International Group Broker Partner in 130 countries around the world. You can depend on us to assist you with all your International Insurance requirements. As your trusted resource for International Insurance Compliance and Risk Management, you can count on us to find the right solutions for all insurance challenges outside of Canada. Please contact us at 1-800-661-1518 or click here if you have any questions or concerns regarding international insurance. Recent Successes: Placed a standalone General Liability policy in Australia with a limit of AUS$20m for a wholesale distributor of automobile wheels. Bound General Liability policies for three resorts in St Maarten on…read more →

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