Published October 24, 2014 - 5:33am CST
Brazil's SulAmerica S.A. is planning to sell its risk insurance portfolio, BNamericas reports citing local news agency Agencia Estado. The insurer has hired Banco Itau BBA S.A. to handle the deal.
Published October 24, 2014 - 5:31am CST
Munich Reinsurance Co. has said that it expects catastrophe bond and insurance-linked securities pricing to continue stay even with 2013 levels, Artemis.bm reports.
Published October 24, 2014 - 5:29am CST
Analysts have said that the continuing reforms in Nigeria's agriculture and power sector would provide opportunities for the country's insurance industry, BusinessDay reported.
Published October 24, 2014 - 5:28am CST
Japan-based Nissan Motor Co. Ltd. has said that it would recall an additional 260,000 vehicles globally, with 104,900 of them in Japan, over faulty air bags, reports Xinhua.
Published October 24, 2014 - 5:26am CST
Two days of continuous rains and resulting flash floods have caused heavy damage to properties in central Slovenia, Xinhua reports citing Slovenian Press Agency.
Published October 24, 2014 - 5:22am CST
A gas pipeline explosion rocked the German city of Ludwigshafen leaving around 11 people injured and one dead.
Published October 24, 2014 - 5:20am CST
The Bank of Russia has said that several insurers have inadequate liquidity in their assets, Forinsurer reports.
Published October 24, 2014 - 5:18am CST
Many Vietnamese businesses hit by workers' riots in May in the country's Dong Nai province have received a payout of almost 116 billion Vietnamese dong ($5.8 million) from insurers, reports Xinhua citing Vietnam News Agency.
Published October 23, 2014 - 5:43am CST
Indian general insurers' profits for fiscal year 2015 are likely to be hit by the damage from the recent cyclone Hudhud and the Jammu and Kashmir floods, The Hindu Business Line reports.
Published October 23, 2014 - 5:41am CST
SAS Institute Inc. has said that European insurers are probably losing billions of dollars annually from fraud because of outdated fraud detection methods, and the gap between detected and actual fraud is widening, Computerworld UK reported.
Published October 23, 2014 - 5:39am CST
Fitch Ratings Ltd. has predicted that the Mexican insurance sector’s premiums will grow around 5% to 7% this year, a bit slower than in 2013, Elfinanciero.com.mx reported.
Published October 23, 2014 - 5:36am CST
Heavy rains hit the Tenerife and Santa Cruz regions of Canary Islands resulting in widespread damage, The Weather Network reported.
Published October 23, 2014 - 5:34am CST
An increase in seismic activity has been recorded at Mount Sinabung in North Sumatra, Indonesia, and an observation group said eruptions at the volcano are expected to continue for a long time, The Jakarta Post reports.
Published October 23, 2014 - 5:33am CST
A report published by The Andersons Centre has said that the present European Union policy of banning some pesticides could cut into the U.K. agricultural industry's profits, Farmers Guardian reports.
Published October 23, 2014 - 5:31am CST
A 5.6-magnitude earthquake that recently hit the Colombia-Ecuador border region has triggered fears of eruptions at two volcanoes – Cerro Negro and Chiles – reported Colombia Reports.
Published October 23, 2014 - 5:29am CST
Fitch Ratings Ltd. has said that Indonesia's new insurance law is not expected to dissuade mergers and acquisitions involving foreign insurers, The Jakarta Post reported.
Published October 23, 2014 - 6:00am CST
A blast at a medicine factory in Minas Gerais, Brazil, has injured around 26 people, Fox News Latino reports.
Published October 23, 2014 - 6:00am CST
Powerful storms have caused damage worth up to €1 million ($1.3 million) in Germany's Bavaria state, Xinhua reports.
Published October 22, 2014 - 6:18am CST
U.S.-based advocacy group Ceres has said that Munich Reinsurance Co. and Ace Ltd. are among the nine insurance sector players it found to be best prepared to manage climate change-related risks, Bloomberg reported.
Published October 22, 2014 - 6:16am CST
PricewaterhouseCoopers L.L.P has said that South African insurers have been looking at Kenya, Nigeria and Ghana for expansion to diversify from their slow-growing home market, Bloomberg reports.
Published October 22, 2014 - 6:15am CST
Lisbon subway workers have launched a 24-hour strike to protest the government's plans to privatize the metro system, Deutsche Welle reported.
Published October 22, 2014 - 6:13am CST
A new study has concluded that around 44% of the earth's surface sees worse economic damage during years when the El Nino and La Nina occur, Blue & Green Tomorrow reports.
Published October 22, 2014 - 6:11am CST
Brian Duperreault, chief executive of Hamilton Insurance Group Ltd., has said that the reinsurance industry has taking a slow approach towards tapping new risks, The Royal Gazette reports.
Published October 22, 2014 - 6:10am CST
Heavy rains due to tropical storm Trudy in southern Mexico have caused major damage and claimed at least six lives, The Weather Channel reported citing the Associated Press.
Published October 22, 2014 - 6:06am CST
The Saskatchewan Workers' Compensation Board in Canada is looking to reduce premium rates by an average of 3.3% in 2015, saying it has seen a better safety record and effective return-to-work schemes, Leader Post reported.