International Insurance

International Insurance Update – November 2017 Edition

International Insurance Update – November 2017 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. Recent Successes Bound local policies for Property and General Liability in China and Philippines as part of a controlled program for a cable and tensile membrane structures company. Placed Property and Liability policies in Mexico as part of an international program along with local homeowners, boat and automobile polices for an organic produce company. Hong Kong A new insurance regulator, independent of the Government of Hong Kong SAR, will start collecting a levy on insurance premiums from policyholders from January 1st 2018. The principal objectives of the Insurance Authority…read more →

International Property & Casualty Insurance Newsletter – October 2017 edition

International Property & Casualty Insurance Newsletter – October 2017 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. Recent Successes Placed a local General Liability policy in Dubai for a strategic communications consultancy operating throughout the MENA region. Placed a Commercial Property policy for Canadian subsidiary of a US data protection solutions company. Placed Property Damage coverage for electronic metering devices to be installed in public transportation vehicles in Mexico Global Global non-life premiums grew 3.7% in 2016, down from 4.2% in 2015 but above the ten-year average of 2%. In emerging markets premium growth was 9.6%, underpinned by a 20% growth in China. The advanced markets…read more →

International Property & Casualty Insurance Newsletter – June 2017

International Property & Casualty Insurance Newsletter – June 2017

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. Recent Successes Placed Warranty & Indemnity insurance on behalf of a Canadian multinational client in the non destructive testing sector making an acquisition in the UK. Placed local Employers Liability policy on behalf on an Ireland based contractor installing plumbing and ventilation works for a new hotel in Dominica. Bound an international package for the overseas exposures of a US subsidiary of a Canadian company in the nuclear power industry. Brunei Brunei will introduce Motor Claims Guidelines (MCG) starting on 31 July to expedite the process of handling motor…read more →

International Insurance Update – March 2017 Edition

International Insurance Update – March 2017 Edition

We are pleased to present our March 2017 edition of the International Property & Casualty Newsletter! 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. If you have a need or question about international insurance or risk management, call us for assistance at 1.800.661.1518 or click here to contact us. Recent Successes Placed local General Liability, Pollution, Automobile, Umbrella and D&O policies for a manufacturer of specialty resins and polymers based in Quebec, Canada. Reverse Flow placement for large French optical store chain opening in North America. Global Piracy Piracy is one of the world’s oldest crimes and, despite some potentially encouraging statistics, maritime security analysts say it will never go away. Global piracy…read more →

International Insurance Newsletter – January 2018 Edition

International Insurance Newsletter – January 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. Recent Successes Bound local Property, Workers Compensation and General Liability policies in Bermuda for an Ireland-based contractor engaged to work on airport redevelopment project. Placed local Directors & Officers policy in Brazil as part of a controlled program for a leading deep-sea chemical shipping company. Bahamas. Property and casualty insurers in the Bahamas have warned of potentially “significant” rate increases as reinsurers seek to adjust their pricing to reflect the recent increased severity and frequency of hurricanes. A better understanding of the level of price increases will likely be…read more →

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