Chinese Insurer Buying Lloyd’s of London Building July 8, 2013 By Kari Lundgren Ping An Insurance Group Co., China’s second-largest life insurer, agreed to buy the Lloyd’s of London building from a Commerz...
Swiss Insurers May Be Next in U.S. Crackdown on Tax Evasion July 8, 2013 By Martin de Sa'Pinto and Alice Baghdjian Swiss insurers are scrambling to defend themselves against possible investigations into billions of dollars of untaxed assets held by their...
Lloyd’s CEO Ward Stepping Down at Year End July 8, 2013 On July 3, Richard Ward, chief executive officer of Lloyd’s, announced his intention to resign at the end this year....
Five Dead, 40 Missing After Crude Oil Freight Train Explosion in Canada July 7, 2013 By Richard Valdmanis and Julie Gordon At least five people died and 40 were missing on Sunday after a runaway train carrying crude oil derailed and...
In Past Decade, World Experienced Unprecedented Climate Extremes: WMO July 3, 2013 By Alister Doyle The world suffered unprecedented climate extremes in the decade to 2010, from heatwaves in Europe and droughts in Australia to...
Markel International Names Tun Senior Claims Adjuster July 3, 2013 Markel International Limited has appointed Esther Tun as a senior claims adjuster. Tun joins Markel International following earlier appointments as...
China-Style Eldercare: Kids Can Be Sued For Not Visiting Parents July 3, 2013 By Adam Minter What are elderly parents to do when their children no longer bother to visit? In China, there’s a new answer:...
Ironshore Names Horton VP at Iron-Starr Excess Agency in Bermuda July 3, 2013 Ironshore Inc. has promoted Steven Horton vice president, Financial Lines Manager, within Iron-Starr Excess Agency Ltd., based in Bermuda. Horton...
‘Unusually Active’ El Nino Possibly Linked to Climate Change: Researchers July 3, 2013 By Rudy Ruitenberg The El Nino weather pattern that can bring drought to Australia and rain to South America was “unusually active” at...
Markel Promotes Richardson to European Retail Claims Manager July 2, 2013 London-based specialty insurer Markel International Limited has appointed Mike Richardson as European retail claims manager. Previously claims manager for Markel...