E&S/Specialty

The break-up of Ariel Re finished with both Arch and Goldman Sachs saying they have completed their purchases of Ariel Re Credit and Surety and Ariel Reinsurances Bermuda operations.

Commercial, P&C and specialty carrier CNA says it has developed a new kidnap, ransom and extortion product to cover a wide range of security-related risks.

Ship owners covered by Japan P&I club must alert the maritime insurer in advance of any plans to transport Iranian oil and petrochemicals that could fall foul of Western sanctions, the insurer said.

In the second of a two-part series, an expert describes the frequently overlooked coverage needs of nonprofits and charities.

While the general consensus for global property-insurance rates has been that rates in catastrophe-exposed areas are rising while rates in areas without such exposures are remaining flat, pricing during the 2012 first quarter is showing property rates climbing across the board, according to Marsh.

Evan G. Greenberg, chairman and chief executive officer of ACE, says governments in the United States and Europe erroneously believe they can create prosperity in the private sector.