United States of America (USA)

Ace's Andrade appointed COO for overseas insurance

Juan Andrade, Ace's division president for global personal lines and small commercial insurance, has been appointed to the additional post of chief operating officer for the firm's overseas general insurance business.

Zelle Hofmann opens London office

Law firm Zelle Hofmann Voelbel & Mason is opening a London office in January to address the growing needs of clients in the London and European insurance markets.

Reinsurers back Zurich quake bond

Munich Re and Swiss Re have acted as joint lead structuring agents in a $270m (£166m) catastrophe bond transaction that transfers North American earthquake risk to the capital markets, on behalf of Zurich Insurance Group.

GFIA launches official website

The Global Federation of Insurance Associations has launched an official website designed to promote better understanding of the global insurance industry.

Iran defiant over insurance sanctions

Iran's vice president Mohammad Reza Rahimi has dismissed EU and US sanctions as futile, saying that Tehran has turned the threats into opportunities for the country's insurance sector.

Market Moves: Liberty makes three additions

Liberty was the most active recruiter this week, with Liberty International Underwriters appointing two senior underwriters to its aviation team and Liberty Syndicates adding a class underwriter to its war and terrorism unit.

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