Published March 19, 2015 - 6:54am CST
Bermuda-based Endurance Specialty Holdings Ltd. is still looking for an acquisition target following its failed attempt to merge with the country's Aspen Insurance Holdings Ltd. in 2014, reports The Royal Gazette.
Published March 19, 2015 - 6:52am CST
Milovan Lucich, an economist at the Asian Development Bank, has said that Vanuatu's economy might take years to recover following the destruction that cyclone Pam left in its wake, reports Radio New Zealand.
Published March 19, 2015 - 6:49am CST
Amnesty International has said that Royal Dutch Shell P.L.C. and Eni S.p.A. operating in Nigeria have reported combined 553 oil spills in 2014, reported Business Standard citing Agence France-Presse.
Published March 19, 2015 - 6:47am CST
Kenya-based Pan Africa Insurance Holdings Ltd. has purchased a 51% stake in the country's Gateway Insurance Co. Ltd., Daily Nation reports.
Published March 19, 2015 - 6:45am CST
India's Insurance Regulatory and Development Authority plans to announce around 40 new regulations in the coming months, Business Standard reported.
Published March 19, 2015 - 6:44am CST
Swiss Re Ltd. has said that traditional reinsurers' capital management activities would help counter the pressure from alternative capital on reinsurance pricing and stabilize the pricing, Artemis.bm reported.
Published March 19, 2015 - 6:41am CST
Abdul Rahman Al Baker, executive director for financial institutions supervision at the Central Bank of Bahrain, has said that Bahrain insurance sector's gross premiums increased 9% to 10% in 2014, reported Asia Insurance Review citing Al Khaleej newspaper.
Published March 19, 2015 - 6:38am CST
Algeria's National Insurance Council said that the country's insurance industry has reported revenues of 119 billion Algerian dinars ($1.2 billion) in 2014, up 7.4% year on year, reports Asia Insurance Review citing the Algerian Times.
Published March 18, 2015 - 6:44am CST
Global aid agencies warned that the recent cyclone Pam, which hit Vanuatu, has raised the risk of hunger and disease in the country, reports Reuters.
Published March 18, 2015 - 6:42am CST
Foreign investment inflow worth 600 billion Indian rupees ($9.51 billion) in the coming five years is likely in India's insurance sector as the Indian Parliament amends the insurance law, Nikkei Asian Review reported.
Published March 18, 2015 - 6:41am CST
The northern region of Australia's Queensland is bracing for cyclone Nathan, reports Brisbane Times.
Published March 18, 2015 - 6:40am CST
Law firm DLA Piper L.L.P. said that the two new insurance acts recently issued by Thai regulators have eased the restrictions on foreign ownership in the country's insurers, Asia Insurance Review reported.
Published March 18, 2015 - 6:38am CST
The Insurance Federation of Egypt has urged the country's government to include the insurance industry in providing risk cover for new investment projects, reported Asia Insurance Review.
Published March 18, 2015 - 6:37am CST
Analysts have said that Nigeria's insurance industry has the potential to grow volumes and boost shareholder value, reported THISDAY Live.
Published March 18, 2015 - 6:35am CST
The Association of Southeast Asian Nations is looking to implement the ASEAN Disaster Risk Financing and Insurance Programme, reported Artemis.bm.
Published March 18, 2015 - 6:33am CST
Australia's Bureau of Meteorology has said that the recent cyclone Pam, which hit Vanuatu, is likely to have increased the chances of an El Nino event in 2015 in the country, reported Sydney Morning Herald.
Published March 18, 2015 - 6:31am CST
Heavy rains, hailstorm and yellow rust have damaged more than 20,000 hectares of cropped area in India's Jammu region, Daily Excelsior reported.
Published March 18, 2015 - 6:29am CST
Przemyslaw Dabrowski, CFO of Polish insurer PZU S.A., said that new financial rules and low interest rates are likely negatively to affect the insurer's profits in 2015, Reuters reported.
Published March 17, 2015 - 7:35am CST
Lloyd's of London has opened a branch office in Beijing, reported Asia Insurance Review.
Published March 17, 2015 - 7:34am CST
Several global reinsurance players have shown interest in opening branch offices in India and are awaiting new rules from the country's insurance regulator, reported The Indian Express.
Published March 17, 2015 - 7:32am CST
London-based RSA Insurance Group P.L.C. is mulling sale of its Latin American business as part of its broad restructuring plan, Reuters reported citing the Financial Times.
Published March 17, 2015 - 7:31am CST
The United Nations said that the recent cyclone Pam that hit Vanuatu has claimed at least 24 lives and displaced 3,300 people, The Guardian reported.
Published March 17, 2015 - 7:28am CST
Matt Allen, director of financial crime at the London-based British Bankers' Association, said that the association is witnessing "a trend towards cyber criminals targeting banking customers," reports Business Reporter.
Published March 17, 2015 - 7:27am CST
The reinsurance market worldwide is becoming more and more drawn to longevity risks, bringing about greater competition for each longevity reinsurance transaction, reported Artemis.bm.
Published March 17, 2015 - 7:25am CST
Four registered insurers in Bahrain posted combined profit of 8.9 million Bahraini dinars ($23.6 million) in 2014, reported Asia Insurance Review citing Al Wasat newspaper.