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Generali names Gabriele Galateri interim CEO

Published February 10, 2016 - 5:24am CST

Italian insurer Assicurazioni Generali S.p.A. has named chairman Gabriele Galateri di Genola interim CEO following the departure of Mario Greco, reported BNamericas.

Passenger trains collide in Germany

Published February 10, 2016 - 5:23am CST

Two passenger trains collided in Bavaria, Germany Tuesday leaving at least 10 dead and injuring several others, reports BBC News.

Storm Imogen damages Shell's platform in North Sea

Published February 10, 2016 - 5:21am CST

Storm Imogen caused damage to Royal Dutch Shell P.L.C.'s inactive Brent Bravo platform and disrupted maritime operations across the North Sea on Feb. 8, reported The Maritime Executive.

Small businesses likely to be hit if U.K. exits E.U.: RSA Insurance

Published February 10, 2016 - 5:19am CST

London-based insurer RSA Insurance Group P.L.C. said that the country's small and medium enterprises could be affected if U.K. votes to leave the European Union as they remain dependent on E.U. markets, reported Business Review Europe.

Indian manufacturer claims $11.7m from insurer for flood damage

Published February 10, 2016 - 5:17am CST

India-based manufacturing firm SRF Ltd. has filed a claim worth 800 million Indian rupees ($11.7 million) with an insurer for damage to its plant from the recent floods in Tamil Nadu, reported Business Standard citing the Press Trust of India.

Insurers cover Russian satellite for $32.5 million

Published February 10, 2016 - 5:16am CST

Russia-based Ingosstrakh Insurance Co. and Sogaz Insurance Group have insured Russian satellite 'Glonass-M' and its launch vehicle for 2.5 billion Russian rubles ($32.5 million), TASS News Agency reported.

Demand for art insurance up in Mexico: AXA

Published February 10, 2016 - 5:14am CST

French insurer AXA S.A. has said that interest in acquiring art insurance increased 37% in Mexico in 2015, reports Eleconomista.com.mx.

Oil and gas firm fined $4.3 million for 2012 gas leak

Published February 10, 2016 - 5:13am CST

Oil and gas firm ConocoPhillips (U.K.) Ltd. has been fined 3 million ($4.3 million) for a 2012 gas leak incident on a platform off the Lincolnshire coast, The Maritime Executive reported.

China becomes world's third largest insurance market: CIRC

Published February 09, 2016 - 6:06am CST

The China Insurance Regulatory Commission has said that the nation became the third largest insurance market in the world in 2015, Xinhua reported.

Cyber attack top threat to business continuity in 2016: Report

Published February 09, 2016 - 6:04am CST

A report by the U.K. Business Continuity Institute has revealed that cyber attack continues to be the top threat for businesses in 2016, reports AZ Big Media.

U.K. politicians push for flood insurance for small companies

Published February 09, 2016 - 6:03am CST

Members of the U.K. Parliament are requesting the government to introduce cheaper and more accessible flood insurance for small firms, The Independent reported.

Bushfire seasons becoming more extreme due to climate change: Climate Institute

Published February 09, 2016 - 6:02am CST

The Climate Institute of Australia has said that bushfire seasons in the country are becoming longer and more extreme due to climate change, reported The Northern Star.

Insurers sue Moscow's Vnukovo airport over Total CEO plane crash

Published February 09, 2016 - 6:01am CST

Five insurers have sued Moscow's Vnukovo International Airport and the country's air navigation service provider for losses incurred after the crash of French oil and gas firm Total S.A.'s CEO Cristophe de Maergerie's aircraft in 2014, reports Rapsinews.com.

Romanian insurance market records first year of growth since financial crisis

Published February 09, 2016 - 6:00am CST

The Financial Supervisory Authority of Romania has said that domestic insurers underwrote gross premiums of €2 billion ($2.2 billion) in 2015, up 8% year over year, reported Romania-insider.com.

Insurer Ingosstrakh signs insurance contract with National Settlement Depository

Published February 09, 2016 - 5:59am CST

Russia's National Settlement Depository C.J.S.C. has entered into a one-year complex insurance agreement with Ingosstrakh Insurance Co., LeapRate reports.

Chinese conglomerates to acquire insurers in 2016: Willis Towers Watson

Published February 09, 2016 - 5:58am CST

U.K.-based Willis Towers Watson P.L.C. has said that Chinese conglomerates plan to acquire insurers in 2016 as they look to grow outside Asia amid a slowing economy and declining insurance rates, reports Bloomberg.

Magnitude-6.7 quake hits southern Taiwan

Published February 08, 2016 - 5:44am CST

A 6.7-magnitude earthquake hit southern Taiwan killing at least 23 people and injuring more than 500, reported Asia Insurance Review.

Storms Eva and Frank cause insured losses of $767 million in U.K.: Perils

Published February 08, 2016 - 5:41am CST

Perils A.G. has estimated storms Eva and Frank in the U.K. to have cost the nation's insurance and reinsurance industry 526 million ($767 million), reports Artemis.bm.

Australian insurers to report mixed results: Analysts

Published February 08, 2016 - 5:40am CST

Insurance analysts expected Australian insurers to report mixed results in the upcoming reporting season, Sydney Morning Herald reported.

Natural catastrophe insurance rates to rise in India

Published February 08, 2016 - 5:39am CST

Natural catastrophe insurance rates in India are expected to rise given an increase in the number of natural disasters such as earthquakes and floods in the nation in the last two years, Business Standard reported.

Most U.K. organizations lack cyber resilience: Survey

Published February 08, 2016 - 5:36am CST

A survey by U.S-based Ponemon Institute has revealed that majority of the organizations in the United Kingdom are not cyber resilient, reported Cloud Computing Intelligence.

Insurance premium volume rises almost 20% in Turkey in 2015

Published February 08, 2016 - 5:34am CST

The Turkish insurance industry's total premium volume grew by 19.4% year on year to 31.25 billion Turkish lira ($10.7 billion) in 2015, reports Middle East Insurance Review citing the Insurance Gazette.

Oil theft through pipelines increases 52% in Mexico in 2015

Published February 08, 2016 - 5:33am CST

A report by the Associated Press has revealed that oil theft through pipelines has increased by 52% in Mexico in 2015, compared with an annual rise of 43.7% in 2014, Business Insider reported.

Honda recalls 443,000 vehicles in Japan

Published February 08, 2016 - 5:32am CST

Japanese automaker Honda Motor Co. Ltd. said that it is recalling about 443,000 vehicles in Japan because of defective airbags produced by Japan-based auto parts maker Takata Corp., reported Reuters.

Container ship hijacked in Nigeria

Published February 08, 2016 - 5:29am CST

A.P. Moller Singapore Pte. Ltd.-managed container ship Safmarine Kurami has been attacked by pirates in the Gulf of Guinea while en route Port Onne in Nigeria from Pointe Noire, Congo, The Maritime News reported.

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