Published March 31, 2015 - 5:48am CST
Stale Hansen, chief executive of Norway-based marine insurer Assuranceforeningen Skuld, has said that the marine insurance sector has been facing new emerging liabilities, reported Ship & Bunker.
Published March 31, 2015 - 5:46am CST
"Tens of thousands" of British Airways P.L.C.'s frequent flier accounts have been hacked, Fox News reported citing The Guardian.
Published March 31, 2015 - 5:44am CST
Sources have said that India's Oil and Natural Gas Corp. Ltd. has renewed its insurance and reinsurance covers for offshore assets at $20 million, reports Moneycontrol.com citing the Press Trust of India.
Published March 31, 2015 - 5:42am CST
Huge gusts have hit the Midlands and England's southeast in the United Kingdom because of a powerful Atlantic jet stream, Express.co.uk reports.
Published March 31, 2015 - 5:41am CST
Vanuatu has received a payout of $1.9 million from the Pacific Catastrophe Risk Insurance Pilot following cyclone Pam that recently hit the country, reported Artemis.bm.
Published March 31, 2015 - 5:39am CST
Australia's federal government is evaluating options to reduce insurance premiums in cyclone-prone areas in northern Australia, The Guardian reported.
Published March 31, 2015 - 5:38am CST
Tonga and Samoa have been hit by strong earthquakes, The Indian Express reported.
Published March 31, 2015 - 5:36am CST
Nigeria-based Wapic Insurance P.L.C. has said that its profit after tax increased 214% in 2014, reports Leadership Newspapers.
Published March 30, 2015 - 5:51am CST
China's Fosun International Ltd. is eyeing purchase of five insurers in Europe, the United States and Asia in 2015, Nasdaq reported.
Published March 30, 2015 - 5:48am CST
A strong earthquake has hit Papua New Guinea and triggered tsunami warning in the country, Firstpost reported citing The Associated Press.
Published March 30, 2015 - 5:46am CST
The Australian government has warned of a probable terrorist attack in Kenya's Nairobi city, reported International Business Times.
Published March 30, 2015 - 5:45am CST
Analysts said that low insurance rates are likely to erode insurers' financial strength and earnings power for years to come, reports Reuters.
Published March 30, 2015 - 5:44am CST
Insurance penetration in Uganda is low compared with its East African Community peers, East African Business Week reported.
Published March 30, 2015 - 5:43am CST
South Africa-based Eskom Holdings SOC Ltd. is currently rolling out a new set of blackouts, its second in 2015, that is likely to negatively affect the country's struggling economy, Ventures Africa reported.
Published March 30, 2015 - 5:41am CST
India's Kashmir Valley has been hit by flash floods, causing damage to several structures, TwoCircles.net reported citing IANS.
Published March 30, 2015 - 5:39am CST
The U.S. Geological Survey said that northern Chile has been hit by a magnitude 6.0 earthquake, reported Channel News Asia citing Agence France-Presse.
Published March 30, 2015 - 5:38am CST
Guernsey-based Heritage Group Ltd. has gained Lloyd's of London registered broker status, reports Guernsey Isle News.
Published March 30, 2015 - 5:36am CST
Omar Gouda, African Reinsurance Corp.'s regional director for North East Africa and the Middle East, has said that the reinsurer's premiums amounted to $718 million at the end of 2014, reports Amwal Al Ghad.
Published March 27, 2015 - 5:59am CST
Analysts at Deutsche Bank A.G. have said in a report that valuations of European reinsurers are too high, with one analyst saying valuations of some firms have reached levels that "we cannot justify even with reduced costs of equity," reported Artemis.bm.
Published March 27, 2015 - 5:54am CST
Lloyd's of London aims to harness the alternative reinsurance capital trend, reported Artemis.bm. Lloyd's of London's latest annual report showed that its return on capital decreased to 14.7% from 16.2%.
Published March 27, 2015 - 5:52am CST
The ongoing conflict in Yemen has put the Bab el-Mandeb shipping route at risk, The Maritime Executive reported citing Reuters. There have also been multiple hijackings of merchant ships in recent years in the area.
Published March 27, 2015 - 5:51am CST
Gabi Siboni, an official at Israel's Institute for National Security Studies, said that states have been increasingly preparing cyber attack options to target their enemies' critical systems, reports The Jerusalem Post.
Published March 27, 2015 - 5:49am CST
There have been concerns about the effect of declining oil prices on takaful in the Gulf Cooperation Council, mainly as governments in the region are expected to cut their infrastructure spending, reported Asia Insurance Review.
Published March 27, 2015 - 5:48am CST
Kenya Reinsurance Corp. Ltd. has said that its pre-tax profit increased 20% to 3.9 billion Kenyan shillings ($50 million) in 2014, Reuters reported.
Published March 27, 2015 - 5:46am CST
Fitch Ratings Ltd. has said in a report that Peru's growth potential has been drawing Chilean insurers to establish their presence in the Peruvian insurance sector, Gestion.pe reported.