Insurers stung by multi-million dollar claims over the Concordia shipwreck will demand higher safety standards from the cruise industry, a lawyer who will file suits this month against Carnival Corp for more than 70 plaintiffs said on Thursday. “There are …
RenaissanceRe Q4 2011 Q4 2010 Gross premiums written $42.97 mn $31.201 mn Full year - 2011 2010 $1.435 bn $1.1653 bn Net premiums earned —- $199.11mn $189.742 mn Full year – 2011 2010 $951.049 mn $864.92 mn Net …
The 21st century has already witnessed a transformational shift in the global risk landscape, with a palpable change in the severity and frequency of events since 2000, warned Willis Chairman and CEO Joe Plumeri. Speaking to an audience at the …
Philippine officials conceded Wednesday that there was little hope of finding any survivors among 71 people still buried in landslides set off by a powerful earthquake, as jittery residents stayed away from their homes amid a flurry of aftershocks. Soldiers, …
ING has decided to split the sale of its Asian insurance business by auctioning its investment management business separately, a source familiar with the matter told Reuters on Thursday. ING has hired Credit Suisse as the sell-side adviser for the …
Aon’s latest “Political Risk Map” focuses on the implications of the uprisings in the Middle East, collectively referred to as the “Arab Spring,” and the political transitions they have produced, which “raise concerns for businesses around the world.” Aon points …
The worst February cold spell Europe has seen in decades may last until the end of the month, leading meteorologists said, raising the prospect of further deaths and an extended spike in European spot gas prices. “We do have higher …
France’s AXA Group and ACE Limited are the final two suitors in the hunt to buy HSBC’s $1 billion general insurance business, people familiar with the matter said. HSBC, Europe’s biggest bank, started the sale of the unit in September …
TomTom satnavs will in future help insurers tell the difference between a good driver and a bad one under a scheme designed to revive the Dutch navigation device maker’s flagging fortunes. The company, which made its name as a maker …
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb+” of the Dominican Republic’s La Colonial, S.A. Compania de Seguros, both with stable outlooks. The ratings reflect La Colonial’s “profitable net results …
