The United Nations issued a flash appeal on Tuesday for $160 million to help Pakistan cope with catastrophic floods that have killed more than 1,100 people, destroyed infrastructure and crops, and affected 33 million people. Early estimates put the damage …
Pakistan’s securities watchdog is examining ways to support the country’s struggling brokerage and insurance industries under its latest chief. The Securities and Exchange Commission of Pakistan is working more closely with insurers and seeking solutions for securities firms that are …
Afghanistan’s strongest earthquake in more than six decades shook buildings across South Asia, prompting officials from Kabul to Islamabad to New Delhi to send out rescue teams to search for survivors. More than 130 people have died. A 7.5 magnitude …
Pakistan Prime Minister Nawaz Sharif’s $46 billion plan for an economic corridor with neighboring China as part of his revival push is promising to boost the prospects of the nation’s insurers. Adamjee Insurance Co. and Jubilee General Insurance Co., which …
The ACE Group announced that it has established a new business region, Eurasia & Africa, as part of its Overseas General division – the general insurance operations of the company outside North America. Regional headquarters is to be based initially …
Asian flood losses during the third quarter of 2012 aggregated more than $7.5 billion in economic losses, of which China was the worst hit by two separate flood events that affected several provinces. “The most costly occurred during a six-day …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has released the latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during September. Published by Impact Forecasting, the firm’s …
The arcane world of spies, informers, terrorists and the people who have to deal with them remains largely a mystery to most ordinary citizens. But when those efforts produce spectacular results, as in the tracking down and killing of Osama …
Osama bin Laden was killed in a U.S. assault on his Pakistani compound Monday. He was then quickly buried at sea, in a dramatic end to the long manhunt for the al Qaeda leader who had become the most powerful …
Somali pirates have released the Marida Marguerite, a German-operated chemical tanker after receiving a $5.5 million ransom, the Kenya-based East African Seafarers Assistance Program said on Tuesday. The tanker was seized in May and released on Monday. Here are details …
