Published July 22, 2014 - 5:54am CST
Clashes between rival Libyan militias at Tripoli airport resulted in an estimated $200 million to $400 million in damages to aircraft, Barclays P.L.C. said in research.
Published July 22, 2014 - 5:52am CST
Daniela Murias, director of Brazilian aviation at Allianz Global Corporate & Specialty, said increasing competition in the Brazilian reinsurance industry has pushed down rates much beyond than what the fall in aviation accident rate would account for, BNamericas reported.
Published July 22, 2014 - 5:51am CST
The United States Geological Survey has said a magnitude 6.2 earthquake struck off Japan's northeast coast, near the disputed Russian-administered Kuril Islands, reports Japan Today citing Agence France-Presse.
Published July 22, 2014 - 5:49am CST
The Nigerian insurance sector earned 1.5 trillion Nigerian naira ($9.37 billion) in premiums from 2004 to 2013, the Nigerian Insurers Association revealed.
Published July 22, 2014 - 5:47am CST
Three reinsurers from Bermuda, France and Morocco have come together to set up a reinsurer, Mamda Re, that will cover agricultural risks in the Moroccan and African markets, Middle East Insurance Review reported.
Published July 22, 2014 - 5:45am CST
Typhoon Rammasun has claimed 94 lives in the Philippines and caused an estimated 7.3 billion Philippines pesos ($167.9 million) in damage, the National Risk Reduction and Management Council said.
Published July 22, 2014 - 5:44am CST
Carlos Chamochumbi, commercial vice president at Peruvian insurer Interseguro Compañía de Seguros de Vida S.A., has said that insurance penetration in the country will increase to 3.31% by 2020, reports Peru21.pe.
Published July 22, 2014 - 5:42am CST
Ghana's insurance industry saw 23 out of the 25 nonlife players close the first quarter with combined earnings of 226.3 million Ghanaian cedi ($84 million), Business & Financial Times reported.
Published July 22, 2014 - 5:40am CST
The Cross Border and Group Widening Supervision Manual, which was created in 2013 and is now being implemented, will strengthen East Africa's insurance industry, East African Business Week reported.
Published July 21, 2014 - 5:58am CST
Experts have said that the tragedy involving Malaysia Airlines flight MH 17 might prompt insurers to raise their prices in the war-risk category, Business Standard reported.
Published July 21, 2014 - 5:56am CST
Typhoon Rammasun, the strongest typhoon to strike southern China in 41 years, has claimed 18 lives and caused economic damages of $4.3 billion, the government and state media said.
Published July 21, 2014 - 5:54am CST
The U.K.Treasury has announced new reforms that look to force companies to better disclose risk information before purchasing an insurance policy, Reuters reported.
Published July 21, 2014 - 5:53am CST
The Brazilian offshore insurance sector, largely dominated by Itau Seguros S.A., looks set for some changes as the offshore market grows into more challenging areas, Offshore Magazine reported.
Published July 21, 2014 - 5:51am CST
Smaller players in the crowded Saudi Arabian insurance industry are finding it difficult to maintain or boost their business, with rising costs being one of the main factors, reports SpyGhana.com.
Published July 21, 2014 - 5:49am CST
London-based RSA Insurance Group P.L.C.'s CEO Stephen Hester said his turnaround plan for the company is a year ahead of its schedule, Bloomberg reported.
Published July 21, 2014 - 5:46am CST
Kaspersky Lab Z.A.O. has said several small businesses in the United Kingdom do not have adequate protection against cyber-attacks, Computerworld UK reported.
Published July 21, 2014 - 5:44am CST
Nigeria's Commissioner for Insurance, Fola Daniel, has stressed the need for appropriate rating of insurers, Business Day reported.
Published July 21, 2014 - 5:42am CST
The 2011 Tohoku-Oki earthquake in Japan has caused pressure to build under active volcano Mount Fuji, Sydney Morning Herald reported.
Published July 21, 2014 - 5:40am CST
A strong 6.0-magnitude shook parts of Yukon, Canada, CTV News reported.
Published July 18, 2014 - 5:39am CST
Insurers for the Malaysia Airlines flight MH-17 that crashed in Ukraine are expected to make the payments relatively fast, if the cause of the crash is determined, Reuters reported.
Published July 18, 2014 - 5:37am CST
Insurance losses from damage caused by Typhoon Rammasun, which hit the Philippines, are not expected to be significant, catastrophe modeler AIR Worldwide Corp. said.
Published July 18, 2014 - 5:36am CST
Environmentalists and First Nations have said that the recent grounding of ship Amakusa Island near Prince Rupert in British Columbia highlights the risk of an oil spill if tanker traffic significantly increases on the North Coast, The Vancouver Sun reported.
Published July 18, 2014 - 5:35am CST
Germany's Allianz S.E. is the lead hull and liability reinsurer covering the Malaysia Airlines flight MH-17 that was brought down over Ukraine, Bloomberg reported.
Published July 18, 2014 - 5:34am CST
Insurers are once again starting to provide flood insurance cover to companies in some of Cork City's high-risk flood zones, Irish Examiner reported.
Published July 18, 2014 - 5:32am CST
Canada-based Alterra Power Corp. has temporarily stopped operations at its Dokie 1 wind farm in British Columbia because of a nearby forest fire, reNews reported.