Published September 18, 2014 - 5:51am CST
Philippines' Mayon volcano has been showing signs of unrest and thousands of people have been evacuated from the region, reported Gulf News.
Published September 18, 2014 - 5:49am CST
Air France S.A. has cancelled more than 50% of its flights due to the ongoing strike by pilots, reports Bloomberg.
Published September 18, 2014 - 5:48am CST
Growing competition in the reinsurance market have prompted the biggest reinsurers to cover floods in Netherlands, reports Bloomberg.
Published September 18, 2014 - 5:46am CST
Germany-based insurer ERGO Versicherungsgruppe A.G. is considering acquiring some insurance assets in the Eastern European region, an executive from the company told Handelsblatt.
Published September 18, 2014 - 5:44am CST
Clyde & Co. has said in a report that mergers and acquisitions in the Asia Pacific insurance sector increased in the first half of 2014, Asia Insurance Review reported.
Published September 18, 2014 - 5:42am CST
Hannover Re S.E.'s chief executive, Ulrich Wallin, has said that the reinsurer is confident about its prospects despite increasing competition in the market, Reuters reported.
Published September 18, 2014 - 5:38am CST
Bermuda-based ACP Re Ltd. has acquired Tower Group International Ltd. for a cash payment of $2.50 per share, reports Nasdaq.
Published September 18, 2014 - 5:36am CST
Brazilian insurance regulator Susep's new regulations on calculating premium retention rates is expected to drive insurance growth in the oil sector, BNamericas reports citing Diego Kashiwakura, an analyst at Moody's Investors Service Inc.
Published September 17, 2014 - 7:22am CST
Standard & Poor's Corp.'s Dennis Sugrue has said that financially strong businesses such as Google Inc. could enter the reinsurance market, which could mean further competition in the sector, reported The Royal Gazette.
Published September 17, 2014 - 7:19am CST
Swiss Re Ltd. has said that risks related to cyber-attacks, autonomous cars and hydrofracking could result more costly liability claims, reports Bloomberg.
Published September 17, 2014 - 7:16am CST
Brazil's Administrative Council for Economic Defense has granted approval for ACE Ltd.'s move to acquire Brazilian bank Itau Unibanco Holding S.A.'s insurance unit, Administradores.com.br reported citing Reuters Brazil.
Published September 17, 2014 - 7:13am CST
Lloyd's of London has secured a license to set up a new office in Beijing as part of its business expansion plans in China, Asia Insurance Review reported.
Published September 17, 2014 - 7:11am CST
Around 40% of flights of Air France-KLM S.A. could be cancelled as the airline's pilots continued their strike for a second day, CBC.ca reports.
Published September 17, 2014 - 7:08am CST
Researchers from Turkey and the U.S.-based Massachusetts Institute of Technology say a large earthquake is possible near Istanbul because of the North Anatolian Fault, reports domain-B.
Published September 17, 2014 - 7:06am CST
Nigeria's Cornerstone Insurance P.L.C.'s shareholders have given their approval to acquire FIN Insurance Company Ltd., a subsidiary of First City Monument Bank Ltd., reported Nigeria's BusinessDay.
Published September 17, 2014 - 7:04am CST
Ukrainian insurer JSC Nova has launched a new obligatory reinsurance program for property, engineering and transportation risks, Forinsurer reports.
Published September 17, 2014 - 7:01am CST
Singapore's police have said that there has been a rise in marine oil theft cases in the country, The Star Online reports.
Published September 16, 2014 - 6:00am CST
Figures from Ukraine's National Commission for the State Regulation of Financial Services Markets show that the country's insurers are increasingly pulling their business from Russian reinsurers.
Published September 16, 2014 - 5:58am CST
Hurricane Odile has lashed Mexico's Baja California Sur state, causing massive destruction and leaving 30,000 tourists stranded, reports Bloomberg.
Published September 16, 2014 - 5:56am CST
The government of Indonesia is likely to launch a new state-owned reinsurer in October, reported Asia Insurance Review.
Published September 16, 2014 - 5:47am CST
Swiss Re Ltd. has said that it sees a slower decline in the prices of natural catastrophe reinsurance in 2015, Bloomberg reported.
Published September 16, 2014 - 5:44am CST
The United States Geological Survey said that a magnitude 5.6 earthquake has hit Japan's Tokyo region, shaking buildings, though there were no immediate reports of damage or a tsunami, reported Outlook.
Published September 16, 2014 - 5:42am CST
Qatar Re L.L.C.'s gross premium volume is set to increase 60% year on year to around $550 million in 2014, CPI Financial reported.
Published September 16, 2014 - 5:41am CST
Brazilian insurance consultancy Rating de Seguros Consultoria has said that the country's total insurance premiums are likely to grow 8% year on year in 2014, which compares with an average growth rate of 15% over the recent years, BNamericas reports.
Published September 16, 2014 - 5:39am CST
Indonesia's Financial Services Authority plans to set limits on foreign ownership of local insurers, reported The Jakarta Post.