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Oct
13

Zurich Acquires Lebanese Insurance Company

Zurich Insurance Co. Ltd., a subsidiary of Zurich Financial Services AG, the Swiss insurer, has announced the acquisition of Compagnie Libanaise D'Assurances (CLA), a privately-owned Lebanese insurance company founded in 1951 that has branches in the United Arab Emirates, Kuwait and Oman.

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Jul
15

Allianz-Munich Re Deal Contributes to US$250 million Risk Transactions for Perils AG

Perils AG, an insurance industry initiative which aims to improve the availability of catastrophe insurance market data, has released a loss index suggesting that the latest US$63.25 million (EUR 50 million) reinsurance transaction between Allianz Risk Transfer and Munich Re, for coverage of European wind risk, has contributed to the US$250 million (EUR 198 million) total placements of insurance transactions during the first six months of 2010. The deal between Allianz Risk Transfer and Munich RE was brokered by Willis Re, a leading reinsurance broker.

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