Published April 17, 2015 - 5:31am CST
Gabi Siboni, director of cyber security program at Israel's Institute for National Security Studies, has said that hackers have started targeting electric and nuclear power plants around the world, The Jerusalem Post reported.
Published April 17, 2015 - 5:29am CST
A recent survey by A.M. Best Co. Inc. has shown that insurers and reinsurers continue to decrease their return on equity targets as they become less confident in their ability to maintain ROE levels, Artemis.bm reported.
Published April 17, 2015 - 5:26am CST
Malaysia's RHB Capital Bhd. is likely to offload or reduce interest in its insurance arm, RHB Insurance Bhd., as it undertakes major restructuring, The Star Online reported.
Published April 17, 2015 - 5:25am CST
Sources have said that a terror alert has been issued in India after intelligence agencies warned of a possible attack by terrorist organization Lashkar-e-Taiba, reported Xinhua.
Published April 17, 2015 - 5:22am CST
Vietnam Helicopter Corp. has signed an insurance contract with a consortium of three insurers in the country for 2015-16, reported Tinnhanhchungkhoan.vn.
Published April 17, 2015 - 5:20am CST
A recent report by Symantec Corp. has ranked Canada fourth globally for ransomware and social media scam attacks in 2014, The Vancouver Sun reported.
Published April 17, 2015 - 5:17am CST
A report by Ireland-based Research and Markets Ltd. has said that Macau's insurance sector grew 20% from 2009 to 2013 in terms of gross written premiums, Macau Business Daily reported.
Published April 17, 2015 - 5:15am CST
Ireland-based XL Group P.L.C. has said that it has appointed Pablo Crain as country manager for its Mexican insurance business, BNamericas reported.
Published April 16, 2015 - 6:55am CST
Analysts at U.S.-based Keefe, Bruyette & Woods Inc. have said that Axis Capital Holdings Ltd. is likely to increase its bid for PartnerRe Ltd. after Italy's Exor S.p.A. recently launched a rival bid, reported Artemis.bm.
Published April 16, 2015 - 6:54am CST
Sources have said that Bahrain-based PineBridge Investments Middle East B.S.C. is looking to launch a new $500 million retakaful firm in U.A.E.'s Dubai city, The National reported.
Published April 16, 2015 - 6:53am CST
The growing violence in Yemen and the Saudi-led blockade of the country's ports have been a matter of concern for marine insurers, IHS Maritime 360 reported.
Published April 16, 2015 - 6:51am CST
Scientists from the European Commission's Joint Research Centre have said that flood damages across Europe is likely to increase by an average of 200% by the end of the century, Carbon Brief reported.
Published April 16, 2015 - 6:49am CST
Insurers in Singapore could expect more gains from the Asean Economic Community that will come into effect at the end of 2015, AsiaOne reported citing The Straits Times.
Published April 16, 2015 - 6:47am CST
The Christchurch City Council in New Zealand is set to take Civic Assurance to court over a claim worth almost $1 billion New Zealand ($759 million), Radio New Zealand reported.
Published April 16, 2015 - 6:45am CST
Fitch Ratings Ltd. has said that the recent floods that hit Chile would not have a huge effect on the country's property/casualty insurers, BNamericas reported.
Published April 16, 2015 - 6:42am CST
A ministerial decision has said that foreign insurers operating in Kuwait need not meet the requirements for setting up insurers and reinsurers in the country, reports Asia Insurance Review citing Argaam.com.
Published April 16, 2015 - 6:41am CST
Insurance costs for Indian aviation firms might increase if the country's Directorate General of Civil Aviation requires psychiatric testing of pilots before takeoff, reported Stockindex.in citing The Economic Times.
Published April 16, 2015 - 6:35am CST
Switzerland-based Allied World Assurance Co. Holdings A.G. has announced the appointment of Jonathan Evans to its board of directors, Bernews reported.
Published April 15, 2015 - 5:46am CST
A report by Symantec Corp. has said that cyber criminals targeted five out of six large firms globally in 2014, reported The Telegraph.
Published April 15, 2015 - 5:44am CST
Analysts at Moody's Investor's Service Inc. have said that the current reinsurance market trends are both positive and negative for insurers, Artemis.bm reported.
Published April 15, 2015 - 5:42am CST
Brazilian reinsurer IRB Brasil Resseguros S.A. said that its net income totaled 130 million Brazilian reals ($41.6 million) in the first quarter of 2015, reported BNamericas.
Published April 15, 2015 - 5:40am CST
South Korea's Samsung Fire & Marine Insurance Co. Ltd., Korean Reinsurance Co. and Korea Shipping Association are to hold talks with Lloyd's of London about reinsurance claims linked to a ferry that sank in April 2014, reported Asia Insurance Review citing The Korea Times.
Published April 15, 2015 - 5:38am CST
Subscribed insurance premiums in Saudi Arabia amounted to 111.8 billion Saudi riyals ($29.80 billion) in the past five years, reports Arab News citing Al-Eqtisadiah newspaper.
Published April 15, 2015 - 5:36am CST
Australia's Bureau of Meteorology has upgraded its outlook for El Nino from watch to alert and said that the pattern might develop by June, Bloomberg reports.
Published April 15, 2015 - 5:33am CST
Japan's transport ministry has said that a plane belonging to South Korea's Asiana Airlines Inc. skidded off the runway while landing at the country's Hiroshima Airport, reported WCVB.com.