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Lawyers see limited legal options for workers sent in Zika's way

By: Thomson Reuters

Published February 08, 2016 - 11:12am CST

(Reuters) — Employees of U.S. companies seeking to avoid exposure to the Zika virus likely have few legal avenues to either refuse travel to affected areas or sue if they actually become sick from the virus.

Captives slowly making Latin American inroads

By: Donna Mahoney

Published February 03, 2016 - 1:57pm CST

As corporations become more sophisticated, so does their need for risk management tools.

Cat bond issuance down from 2014, but record $24.4 billion in place

By: Matthew Lerner

Published January 21, 2016 - 1:09pm CST

Catastrophe bond issuance for 2015 totaled $6.9 billion, off from the $8.0 billion recorded in 2014, according to a new report from Aon Benfield Securities, the company said in a statement Thursday.

Liberty Mutual Insurance acquires Chilean insurer

By: Mark A. Hofmann

Published January 14, 2016 - 2:40pm CST

Liberty Mutual Insurance Co. on Thursday said it has acquired about 99.6% of Compañía de Seguros Generales Penta Security S.A.

U.S. investigates broadcasters in widening FIFA case

By: Thomson Reuters

Published December 14, 2015 - 11:14am CST

A sports marketing company that was described in a sweeping indictment this month as retaining contracts because of the “support” of corrupt soccer officials has longstanding ties to 21st Century Fox.

Venezuelan woes crush Liberty Mutual's third-quarter results

By: Mark A. Hoffman

Published December 09, 2015 - 3:13pm CST

Troubles with its Venezuelan operations led to big losses for Liberty Mutual Holding Co. in the third quarter of 2015.

Mexican reinsurer can set up special purpose syndicate at Lloyd’s

By: Sarah Veysey

Published December 08, 2015 - 9:30am CST

Mexico City-based reinsurer Reaseguradora Patria S.A. has received approval from Lloyd’s of London to set up a special purpose syndicate to underwrite short-tail specialty Latin American business.

A tale of two oceans as 2015 hurricane season ends

By: Joyce Famakinwa

Published December 06, 2015 - 12:01am CST

All fingers point to El Niño for relative calm in the Atlantic and anything but in the Pacific.

Week in pictures

Published November 27, 2015 - 12:01am CST

Terrorism remains front and center in the Business Insurance week in pictures.

Liberty Mutual on hook for Gulf oil spill attorney fees

By: Judy Greenwald

Published November 20, 2015 - 2:20pm CST

In reversal of a lower court ruling, insurer to cover Cameron International's attorney's fees related to the 2010 Deepwater Horizon mess.

Study shows good start to risk management in Latin America

By: Donna Mahoney

Published November 09, 2015 - 4:23pm CST

A new study says Latin American companies are making significant steps in developing risk management programs.

Mercer to acquire Brazilian consulting firm

By: Rob Kozlowski , Pensions & Investments

Published November 09, 2015 - 12:33pm CST

Mercer announced Monday it is acquiring Brazilian actuarial consulting and auditing firm GAMA Consultores Associados.

Willis appoints retail CEO for Mexico

By: Sarah Veysey

Published November 03, 2015 - 10:04am CST

Willis Group Holdings P.L.C. has appointed John Baudouin CEO of its retail business in Mexico, the brokerage announced Tuesday.

El Faro owner seeks protection from death claims in ship's sinking

By: Thomson Reuters

Published November 02, 2015 - 11:13am CST

Tote Services seeks legal relief from liability after the cargo ship went down in Hurricane Joaquin last month off the Bahamas; 33 died.

Hurricane Patricia insured losses not expected to top $200 million

By: Mark A Hofmann

Published October 26, 2015 - 1:26pm CST

According to modeler AIR, Category 5 storm lived fast and faded quickly.

Massive Hurricane Patricia spares cities as it slams into Mexico's Pacific coast

By: Thompson Reuters

Published October 24, 2015 - 11:52am CST

Hurricane Patricia, one of the strongest storms ever recorded, crashed into western Mexico, hammering coastal areas but causing less damage than had been feared as it skirted cities and major tourist resorts.

Week in pictures

Published October 23, 2015 - 11:49am CST

Big winds — natural and political — are blowing through the Business Insurance week in pictures as the Volkswagen emissions scandal heads out to sea.

Hurricane Patricia potentially catastrophic as it nears Mexico

By: Thomson Reuters

Published October 23, 2015 - 8:34am CST

Hurricane Patricia is churning toward Mexico and has intensified into what the World Meteorological Organization is describing as "the strongest-ever hurricane to hit the eastern north Pacific region."

AIG to sell Central American operations

By: Mark A. Hofmann

Published October 15, 2015 - 2:21pm CST

AIG is saying so long to 100% of its operations in El Salvador, Guatemala, Honduras and Panama — and plans to leave them in the hands of ASSA Compañía Tenedora S.A. and ASSA Compañía de Seguros.

International brokers' network adds 10 members

By: Matthew Lerner

Published October 15, 2015 - 10:44am CST

Brokerslink, the independent international brokers’ network, on Thursday said it has added 10 new members and plans to work with carriers to develop bespoke products for clients.

New Lloyd's syndicate targets emerging markets

By: Sarah Veysey

Published October 12, 2015 - 9:10am CST

On the day the U.S. celebrates Christopher Columbus' discovery of the new world in 1492, Probitas Syndicate 1492 started underwriting business that it said is new to Lloyd's of London.

Trans-Pacific Partnership opens underserved insurance markets

By: Leigh Ann Pusey

Published October 11, 2015 - 12:01am CST

Years in the making, the 12-nation Trans-Pacific Partnership free-trade pact reached Monday promises to provide wide opportunities to U.S. insurers in formerly closed markets. Leigh Ann Pusey, president and CEO of the American Insurance Association, discusses the possibilities.

New study outlines global property premiums for commercial sector

By: Matthew Lerner

Published October 09, 2015 - 11:45am CST

Just under half of worldwide property insurance premiums in 2014 went to commercial property coverage, according to a new study by London-based Finaccord Ltd., the international market research and consulting company said in a statement Friday.

Tianjin explosions, Chile quake cause millions in losses for Validus

By: Matthew Lerner

Published October 06, 2015 - 11:52am CST

Validus Holdings Ltd. said Tuesday that it will report a loss of $63.9 million due to the recent earthquake in Chile and a series of explosions at the Port of Tianjin in China.

Hurricane Joaquin

Published October 06, 2015 - 10:23am CST

In the aftermath of Hurricane Joaquin, which raked the Bahamas, relief efforts are underway while the U.S. Coast Guard continues the search for missing cargo ship El Faro. View the gallery

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