Published July 07, 2015 - 5:37am CST
New Zealand's general insurers have increased their earnings from premiums by at least double the rate of other nations in the Organization for Economic Co-operation and Development following the Canterbury earthquake.
Published July 07, 2015 - 5:36am CST
Spy chiefs have said that terror attacks in the United Kingdom are unavoidable, reported Mirror.co.uk.
Published July 07, 2015 - 5:32am CST
The African Risk Capacity agency has added five new nations to its risk pool, growing the pool to $192 million of capacity, reported Artemis.bm.
Published July 07, 2015 - 5:31am CST
Flood Re, the U.K. government's flood reinsurance pool, is looking to purchase £2.1 billion ($3.26 billion) of retrocessional reinsurance cover that is expected to include collateralized or insurance-linked securities markets, reported Artemis.bm citing the Financial Times.
Published July 07, 2015 - 5:30am CST
A huge fire broke out at a factory of Sony DADC Manufacturing India Pvt. Ltd. in India's Navi Mumbai region, reported The Times of India.
Published July 07, 2015 - 5:28am CST
The Polish Financial Supervision Authority has said that aggregate gross written premium of the country's insurers totaled 14.37 billion Polish zlotys ($3.8 billion) in the first quarter of 2015, up 2.95% year on year, Xprimm.com reported.
Published July 07, 2015 - 5:27am CST
The Beijing Insurance Regulatory Bureau has said that the insurance industry assets in the Chinese city totaled 507.58 billion Chinese yuan ($81.77 billion) as of May, reports Hexun.com citing Beijing Daily.
Published July 07, 2015 - 5:25am CST
The Philippine National Disaster Risk Reduction and Management Council has said that tropical storm Egay has hit 48,307 people in Cordillera, Mimaropa and Ilocos regions, reports GMA News.
Published July 07, 2015 - 5:24am CST
Hungary's central bank has fined insurers Groupama Garancia Biztosito Zrt. and K&H Biztosito Zrt. 100 million Hungarian forints ($352,933) and HUF 200 million ($705,866), respectively, Budapest Business Journal reported.
Published July 07, 2015 - 5:22am CST
Russia-based Sogaz Insurance Group and Ingosstrakh Insurance Co. insured the launch and docking of spacecraft Progress M-28M at 1.67 billion Russian rubles ($29.8 million), AK&M reported.
Published July 06, 2015 - 5:38am CST
Aon Benfield has said in a new report that insured losses from natural disasters and catastrophe events in the first half of 2015 "were below normal from the recent ten-year average for the third consecutive year," Artemis.bm reported.
Published July 06, 2015 - 5:37am CST
Lloyd's of London chief executive Inga Beale told Middle East Insurance Review that "the globe is getting smaller" and "there are going to be multiple centers of insurance," reported Asia Insurance Review.
Published July 06, 2015 - 5:36am CST
Security experts have said that cyber attacks pose a huge threat to safety of global airlines, reports The Sydney Morning Herald.
Published July 06, 2015 - 5:31am CST
Spain's interior minister, Jorge Fernandez Diaz, has said that the country is facing its highest level of terror threat since 2004 due to the danger posed by Islamic State jihadists, reported Agence France-Presse.
Published July 06, 2015 - 5:30am CST
Yamfwa Mukanga, Zambia's minister of transport, works, supply and communications, has urged foreign contractors in the country to insure their businesses locally, Zambia Daily Mail reported.
Published July 06, 2015 - 5:28am CST
U.A.E.-based United Insurance Co. P.S.C. has received approval from its shareholders to raise its capital from 100 million U.A.E. dirhams ($27.2 million) to AED 150 million ($42 million), reports Asia Insurance Review.
Published July 06, 2015 - 5:24am CST
Nicolas Maduro, president of Venezuela, has declared a state of emergency in the country's Apure state following devastating floods that has hit 40,000 people, reported GlobalPost citing Xinhua.
Published July 06, 2015 - 5:22am CST
Insurers have said that take-up of terrorism insurance is likely to grow in India's Goa state, The Navhind Times reports.
Published July 06, 2015 - 5:20am CST
A state of emergency has been declared in towns in 14 regions of Peru for 60 days to prepare for damage from El Nino in the rainy season, reported Reuters citing Andina news agency.
Published July 03, 2015 - 5:38am CST
Martin Stevens, an official at American International Group Inc., has said that insurance costs for the global airline sector is expected to fall in 2015 despite some huge claims, reports Moneycontrol.com citing the Press Trust of India.
Published July 03, 2015 - 5:37am CST
Heavy rains, landslides and floods in China have resulted in direct economic losses of 35.3 billion Chinese yuan ($5.7 billion) in 2015 so far, reported The Star Online citing the Economic Information Daily.
Published July 03, 2015 - 5:35am CST
Many banks in the United Arab Emirates were hit by a coordinated distributed-denial-of-service attack on June 30, ITP.net reported.
Published July 03, 2015 - 5:34am CST
The Port of Dover in the United Kingdom has said that the country is losing £250 million ($390 million) a day due to the ongoing strike by French ferry workers at the port of Calais in France, The Telegraph reports.
Published July 03, 2015 - 5:33am CST
Aon Benfield has said in its latest reinsurance market outlook that alternative reinsurance capital increased over 3% to $66 billion in the first quarter of 2015, Artemis.bm reports.
Published July 03, 2015 - 5:31am CST
Analysts at Canada-based RBC Capital Markets said that Hannover Re S.E. has changed its portfolio mix to be underweight catastrophe business as it finds property catastrophe reinsurance profits to be marginal, reported Artemis.bm.