Published October 31, 2014 - 5:41am CST
Maritime Asset Security and Training Ltd. has advised the maritime industry to increase the security of vessels and oil tankers as terror attacks look increasingly likely, reports Hellenic Shipping News.
Published October 31, 2014 - 5:39am CST
U.K.'s economic secretary to the treasury Andrea Leadsom has said that the country is taking steps to become a western hub for Islamic finance, including insurance, and is developing the enabling infrastructure, Gulfnews.com reported.
Published October 31, 2014 - 5:37am CST
Air France-KLM S.A. has said that the recent pilots' strike has caused the airline's third quarter operating profit to fall more than half to €247 million ($314 million) from €641 million for the same period in 2013, BBC News reported.
Published October 31, 2014 - 5:36am CST
The International Maritime Bureau has said that pirate attacks have almost doubled in Southeast Asia totaling 103 in 2014 from 54 in 2011, The Malay Mail Online reports.
Published October 31, 2014 - 5:35am CST
Axis Capital Holdings Ltd. has said its net income for the third quarter of 2014 totaled $279 million, up $142 million from the same period in 2013, The Royal Gazette reports.
Published October 31, 2014 - 5:33am CST
Several regions in Norway have been hit hard by floods, with the villages of Flam, Voss and Odda suffering the worst of the damage, The Local.no reports.
Published October 31, 2014 - 5:31am CST
The Turkish Undersecretariat of the Treasury said that it has included surety insurance among the permitted types of nonlife insurance in the country, Asia Insurance Review reports citing Lexology.com.
Published October 31, 2014 - 5:30am CST
A recent report by U.S.-based Pew Research Center said that internet experts predict major cyber attacks on countries and organizations to substantially increas in the next decade, reports The Guardian.
Published October 31, 2014 - 5:28am CST
Nigeria's Custodian and Allied Insurance P.L.C. has said that its unaudited profit after tax stood at 3.2 billion Nigerian nairas ($19.4 million) for the first nine months of 2014, up 54% year on year, reports The Guardian Nigeria.
By: Mark A. Hofmann
Published October 30, 2014 - 1:30pm CST
Bermuda-based Axis Capital Holdings Ltd. and Arch Capital Group Ltd. have reported third-quarter earnings more than double those of the prior-year period, owing in part to and foreign exchange gains.
By: Matthew Lerner
Published October 30, 2014 - 11:30am CST
Validus Holdings Ltd.'s third-quarter net income plunged to $39.7 million from $183.4 million the same period last year as the Pembroke, Bermuda-based underwriter was hit with losses in aviation war and energy.
Published October 30, 2014 - 5:42am CST
An official from Turkey's social security ministry has said that authorities have closed down about 974 construction projects out of a total 1,800 after inspections, which follow recent fatal accidents, Hurriyet Daily News reports.
Published October 30, 2014 - 5:38am CST
Analysts have expressed doubt over hedge funds that are forcing their way into the reinsurance sector, questioning whether these funds would remain in the market ahead of the next big catastrophe, Reuters reported.
Published October 30, 2014 - 5:35am CST
QBE Insurance Group Ltd.'s Singapore chief executive Karl Hamann has said that Asia's marine insurance industry growth is keeping pace with the developments in the region's maritime sector, Asia Insurance Review reports.
Published October 30, 2014 - 5:30am CST
China's General Administration of Quality Supervision, Inspection and Quarantine has said that FAW-Volkswagen Automobile Co. Ltd. will recall 270,635 Audi cars in the country over a defect in the air bag software, reported Reuters.
Published October 30, 2014 - 5:26am CST
Europe has increased risks of blackouts in the region in the coming winter, Bloomberg reports.
Published October 30, 2014 - 5:23am CST
Ratings agencies have warned Chinese insurers of shadow banking default-risks after a doubling in insurers' trust holdings, reported Bloomberg.
Published October 30, 2014 - 5:21am CST
In a recent report by Ceres on the insurance sector, Bermudan insurers achieved top rankings in accounting for climate change.
Published October 30, 2014 - 5:19am CST
Singapore-based insurer Great Eastern Holdings Ltd. has said that its net profit for the third quarter of 2014 fell 31% to $194.6 million Singapore dollars ($153 million), The Straits Times reports.
Published October 29, 2014 - 11:10am CST
(Reuters) — Canada will require railways to secure unattended trains with a minimum number of handbrakes and other physical defenses to prevent runaways, Canada’s transport ministry said on Wednesday in its latest response to last year’s deadly crash in Quebec.
Published October 29, 2014 - 11:00am CST
(Reuters) — Ford Motor Co. said it will conduct a regional recall of 204,448 Ford Edge and Lincoln MKX crossover vehicles to correct an issue that could cause a fire.
Published October 29, 2014 - 9:32am CST
(Reuters) — U.S. airlines have said little publicly about political pressure to close the country's borders to travelers from Ebola-ravaged countries in West Africa, but in private they have briefed government officials about the challenges to implementing a ban, industry sources told Reuters.
Published October 29, 2014 - 5:49am CST
Italy-based Banca Carige S.p.A. has said that it would sell its two insurance divisions to Apollo Management Holdings L.P. to reduce its capital deficit of €810 million ($1 billion), reported Reuters.
Published October 29, 2014 - 5:46am CST
United India Insurance Co. Ltd. chairman and managing director Milind Kharat has said that despite receiving huge damage claims, the insurer's profit is unlikely to be hit as its reinsurer would cover most of them, reports Daijiworld.com.
Published October 29, 2014 - 5:44am CST
The U.K.'s Maritime and Coastguard Agency has been monitoring incoming vessels from West African ports over Ebola fears, The Guardian reports.