Published June 30, 2016 - 5:37am CST
Lord Turnbull, former head of the U.K. civil service, has said that the country's decision to leave the European Union could be beneficial to the insurance sector and insurers may be better off outside the bloc, reported The Telegraph.
Published June 30, 2016 - 5:36am CST
France's foie gras industry association CIFOG has estimated that the production ban as a result of a bird flu scare in the country has cost the industry €270 million ($300 million), The Independent reported.
Published June 30, 2016 - 5:35am CST
General Insurance Corp. of India registered a 21.4% growth in gross premium in 2016 financial year, reported Business Standard.
Published June 30, 2016 - 5:34am CST
Slovenian insurer and reinsurer Sava Re Group is looking to merge its two domestic and two Croatian subsidiaries into one entity, reported SeeNews.
Published June 30, 2016 - 5:33am CST
Swiss Re Ltd. has said in a study that total insurance premiums in the Indian insurance sector grew by 7.9% in 2015, reported Hindustan Times citing Indo-Asian News Service.
Published June 30, 2016 - 5:32am CST
Canada-based Fairfax Financial Holdings Ltd. has signed an agreement with Sri Lanka's Asian Alliance Insurance P.L.C. to acquire the latter's Asian Alliance General Insurance Ltd., reported Daily News.
Published June 30, 2016 - 5:31am CST
Italy's data protection authority Garante Privacy has said that cybercrime incidents in the country increased 30% in 2015, reported Telecompaper.
Published June 30, 2016 - 4:52am CST
Russia's Sogaz insurance group said that it has paid 2.25 billion Russian rubles ($35 million) for water damage at the Zagorsk PSP-2 pumped-storage hydroelectric power station, TASS.ru reported.
Published June 29, 2016 - 5:51am CST
A terror attack at Turkey's Istanbul Ataturk Airport has claimed 26 lives and injured 147 people, reported Daily Sabah.
Published June 29, 2016 - 5:50am CST
Lloyd's of London CEO Inga Beale has said that "London can expect to maintain its position as the global heart of specialist insurance and reinsurance" even after the United Kingdom decided to leave the European Union, reported International Business Times citing The Financial Times.
Published June 29, 2016 - 5:49am CST
Dutch farmers’ associations ZLTO and LLTB want the government to classify the recent damaging storms that hit the country's Limburg, Noord-Brabant and Gelderland provinces as a natural disaster, reported NL Times citing newspaper De Telegraaf.
Published June 29, 2016 - 5:48am CST
Canada-based Fairfax Financial Holdings Ltd. has signed an agreement to acquire 80% stake in Indonesian insurer PT Asuransi Multi Artha Guna Tbk, reported Asia Insurance Review.
Published June 29, 2016 - 5:47am CST
The China Insurance Regulatory Commission has said that insurers must improve their information disclosure on issues such as capital source when it comes to equity investment in listed firms, reported China Daily.
Published June 29, 2016 - 5:46am CST
The Financial Stability Report by the Reserve Bank of India has said that there is a need to assess the resilience of reinsurers in the face of increasing concentration of contingent liabilities increases in some, reported Business Standard.
Published June 29, 2016 - 5:45am CST
Japan's Toyota Motor Corp. said that it is recalling 1.43 million vehicles globally owing to a possible airbag inflator defect, reported EJ Insight citing Reuters.
Published June 29, 2016 - 5:44am CST
Singapore-based AIG Asia Pacific Insurance Pte. Ltd. has forecast that internal factors such as workplace injury will pose the greatest risk for the country's small and medium enterprises over the coming 12 months, reported The Straits Times.
Published June 29, 2016 - 5:43am CST
A study by the European Commission's Joint Research Centre has found that damage to Europe's critical infrastructure from climate hazards could triple by the 2020s, reported Phys.org.
Published June 28, 2016 - 5:28am CST
Australia's QBE Insurance Group Ltd. said that it may have to take a revised approach in connection with roughly £500 million ($661 million) of insurance and reinsurance premiums it currently sources from E.U. member nations following U.K.'s decision to leave the bloc, reported Asia Insurance Review.
Published June 28, 2016 - 5:26am CST
German carmaker Volkswagen A.G. has reportedly agreed to a $15 billion settlement with U.S. car owners over the diesel emissions scandal, reported BBC News citing news agencies.
Published June 28, 2016 - 5:25am CST
The Netherlands' agricultural and horticultural organization LTO Nederland estimated that farmers in Limburg and Noord-Brabant provinces suffered about €100 million ($111 million) worth of damage due to heavy rains and hailstorms, reports NL Times citing 1Limburg.
Published June 28, 2016 - 5:24am CST
Profitability of New Zealand's insurers is being hit by low interest rates around the world, reported Interest.co.nz.
Published June 28, 2016 - 5:23am CST
Steve Johnston, director of corporate reinsurance at Canadian insurance co-operative The Co-operators Group Ltd., said that innovation in the reinsurance market has benefitted buyers of reinsurance protection, reported Artemis.bm.
Published June 28, 2016 - 5:22am CST
Nigerian insurers are being affected by the current financial crisis in the country as they are finding it difficult to pay reinsurance premium to their overseas reinsurers, reported THISDAY Live.
Published June 28, 2016 - 5:21am CST
A new report by risk consultancy firm Control Risks East Africa has found that cybercrime costs Kenya an estimated 2 billion Kenyan shillings ($20 million) annually, reported Capital FM Kenya.
Published June 28, 2016 - 5:18am CST
The Philippine Insurance Commission said that insurance industry's total net income decreased 3.7% to about 5 billion Philippine pesos ($105.5 million) in the first quarter of 2016, reported Inquirer.net.