21 November 2017

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July 2013/2

Date | Relevancy
10 | 50

Back in NYC

19 July 2013

Faced with $18.5bn in debt, with decades of decay, industrial decline and mismanagement, the US City of Detroit finally formally filed for bankruptcy this weekRead more


Energy players face $182mn Perro Negro property loss

19 July 2013

Zurich and Lancashire have the largest lines on the Aon-placed $182mn property programme for the Perro Negro 6 jackup rig that sank off the coast of Angola at the beginning of July, Inside FAC has learnedRead more


YPF refinery fire notified as $800mn total loss

19 July 2013

The ongoing uncertainty over business interruption (BI) losses from the April flood and fire at the YPF La Plata refinery in Argentina has at last been put to rest, with the market being advised of an $800mn total loss for both BI and property damage (PD), Inside FAC has learnedRead more


Tyson Gay disgrace claim unlikely in short term

19 July 2013

The news that sportswear manufacturer Adidas has suspended its sponsorship of sprinter Tyson Gay following a failed drugs test is unlikely to result in a claim under any death & disgrace (D&D) policy in the short term, Inside FAC understandsRead more


AGCS and Marsh launch major claims facility

19 July 2013

Allianz Global Corporate & Specialty (AGCS) and Marsh have launched a new service available to joint clients in the event of a major claimRead more


Contingency market facing Elton John cancellation claim

19 July 2013

The management company for singer Sir Elton John is to file a multi-million dollar claim with London market insurers participating on a contingency policy affected by his recent illness and concert cancellationsRead more


Lac-Mégantic derailment loss to fall on local market

19 July 2013

The majority of insured losses from the catastrophic derailment and fire that hit the Canadian town of Lac-Mégantic earlier this month are likely to be borne by local carriers, according to industry sourcesRead more


PartnerRe says Q2 cat losses could reach $120mn

19 July 2013

PartnerRe has estimated that its natural catastrophe losses in the second quarter of 2013 could reach $120mnRead more


D&O writers take comfort from US lawsuit decline

19 July 2013

The number of new US lawsuits that could trigger directors' and officers' (D&O) insurance claims fell "dramatically" in the second quarter of 2013 as financial crisis-related litigation continued to tail off, according to the latest quarterly D&O report from AdvisenRead more


Allianz appoints head of new fidelity unit

19 July 2013

Allianz Global Corporate & Specialty (AGCS) has appointed Nigel Pearson as global head of its newly created fidelity unit, part of the AGCS financial lines divisionRead more


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