Published October 20, 2014 - 5:45am CST
Tarik Brahimi, director of the Federation of Afro-Asian Insurers and Reinsurers (FAIR) Aviation Pool, has said that hull war rates on most programs during the upcoming renewals will double or even triple as a result of aviation industry disasters during the past year.
Published October 20, 2014 - 5:44am CST
The China Insurance Regulatory Commission has confirmed plans to establish an insurance system to provide cover for natural disasters, CRIENGLISH.com reports.
Published October 20, 2014 - 5:42am CST
Extremist terrorist plots are at their highest level in years in the U.K., reported The Guardian.
Published October 20, 2014 - 5:40am CST
U.K.-based insurer RSA Insurance Group P.L.C. has approved the sale of its Italian business to Italian insurer ITAS Mutua Societa Capogruppo, Bloomberg reports.
Published October 20, 2014 - 5:39am CST
Volkswagen A.G. plans to recall around 1.02 million cars in China and the United States over potential defects related to rear suspension, Bloomberg reports.
Published October 20, 2014 - 5:38am CST
G S Sandhu, financial services secretary of India, has said that increasing the FDI limit in the insurance sector may attract $5 billion to the sector over the coming five years, The Hindu Business Line reported.
Published October 20, 2014 - 5:36am CST
Moody's Investors Service Inc. has said that insurers in Oman are likely to reduce their dependence on reinsurers and as a result of increased capital requirements would take on more underwriting risk with higher retention, reports Gulfnews.com.
Published October 20, 2014 - 5:34am CST
Standard & Poor's Corp. has labelled the Philippine insurance sector as a "downside outlier" in the Asia-Pacific region for its weak regulatory environment, reports BusinessWorld Online.
Published October 20, 2014 - 5:32am CST
Swiss Re Ltd.'s chief executive Michel Lies has said that reinsurers who offer only capacity could face problems, even as there are many challenges and opportunities in the insurance and reinsurance markets, Artemis.bm reports.
Published October 17, 2014 - 5:31am CST
Bermuda is likely to be affected severely by Hurricane Gonzalo, which is approaching the island with strong winds, Bloomberg reported.
Published October 17, 2014 - 5:30am CST
Information technology and security experts have said that oil and gas businesses in the Middle East are becoming increasingly alarmed by cyber attacks, reports Gulfnews.com.
Published October 17, 2014 - 5:28am CST
Katherine Arjona, undersecretary at Panama's insurance regulator, said the agency plans to present reforms for the country's insurance sector in the first quarter of 2015, BNamericas reports citing Capital Financiero.
Published October 17, 2014 - 5:27am CST
The Andhra Pradesh Industrial Infrastructure Corp. Ltd. has called for faster claims payments by India's general insurers for industrial firms affected by cyclone Hudhud, reports Business Standard.
Published October 17, 2014 - 5:25am CST
The Ebola epidemic in Sierra Leone is affecting the country's once-booming businesses hard, Forbes reports.
Published October 17, 2014 - 5:24am CST
FireEye Inc. has said in a report that the United Kingdom and Germany were the most-targeted nations for sophisticated cyber attacks in Europe, the Middle East and Asia in the first half of 2014, reports CNBC.
Published October 17, 2014 - 5:22am CST
The International Federation of Red Cross Societies has said in a report that the death toll from disasters recorded in 2013 was lower than the 10-year average, Deutsche Welle reports.
Published October 17, 2014 - 5:21am CST
Standard & Poor's Corp. has said in a recent report that insurance regulatory initiatives in the Asia-Pacific region are becoming more sophisticated as the sector develops, Asia Insurance Review reported.
Published October 16, 2014 - 5:42am CST
Initial estimates have suggested that losses to industries in Visakhapatnam, India, from the cyclone Hudhud would reach over 100 billion Indian rupees ($1.62 billion), reports The Hindu Business Line.
Published October 16, 2014 - 5:40am CST
Property Claim Services has said in a recent report that below average frequency of catastrophic loss events and below average insurance industry losses were reported in the third quarter of this year, Artemis.bm reported.
Published October 16, 2014 - 5:38am CST
The World Health Organization has cautioned that 10,000 new Ebola cases could be registered every week within two months, reports The Independent.
Published October 16, 2014 - 5:33am CST
Bermuda-based reinsurer Till Capital Ltd. has acquired Omega Insurance Holdings Inc., a Canadian insurer, The Royal Gazette reports.
Published October 16, 2014 - 5:31am CST
Kenya-based CIC Insurance Group Ltd. has announced plans to expand in East Africa through CIC Africa Ltd., Capital FM Kenya reported.
Published October 16, 2014 - 5:29am CST
Category 3 storm hurricane Gonzalo is moving towards Bermuda and a hurricane warning has already been issued in the island nation, reports AL.com.
Published October 16, 2014 - 5:27am CST
Brokerslink, a global independent insurance broker network, plans to expand into some African countries, such as Nigeria, Morocco and Egypt, among others, BusinessDay reports.
Published October 16, 2014 - 5:26am CST
The recent super storm that hit Sydney in Australia has caused ship collisions in Port Botany, reported The Sydney Morning Herald.