Hedge Funds Need to Be Wary of Push Into Catastrophe Risks: XL Group November 3, 2014 By Laura Davison Hedge funds looking for new investments may be pushing too fast into insurance, said Michael McGavick, the chief executive officer...
Time Running Short to Avert Worst Effects of Climate Change November 3, 2014 By Alister Doyle Governments can keep climate change in check at manageable costs but will have to cut greenhouse gas emissions to zero...
A.M. Best Upgrades Ratings of Mapfre Panamá November 3, 2014 A.M. Best upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to “a”...
1st Lawsuit Filed Over Missing Malaysian Airlines Flight MH370 November 3, 2014 Two children of a passenger on Malaysian Airlines Flight MH370 have sued the company and the Malaysian government for damages,...
Prices Start to Stabilize in UK Auto Market November 3, 2014 By Sarah Jones Direct Line Insurance Group plc Chief Executive Officer Paul Geddes said the company had started to see prices stabilize in...
Best Revises Outlook for Union Insurance in United Arab Emirates October 31, 2014 A.M. Best has revised the outlook to positive from stable for the issuer credit rating (ICR) of Union Insurance Company...
A.M. Best Upgrades Rating of Greenlight Reinsurance Ireland October 31, 2014 A.M. Besthas upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and the issuer credit rating (ICR)...
Tropical Storm Heads to Mexico’s Western Coast October 31, 2014 By Brian K. Sullivan With just about a month left in the eastern Pacific’s hurricane season, Mexico is once again the target of a...
Africa Provides Insurers With New Business Opportunities October 31, 2014 By Renee Bonorchis Global insurance companies are flocking to Africa, where millions of people have started earning enough to afford business cover and...
Korean Regulators: Insurers Must Boost Capital to Prepare for Aging Population October 30, 2014 By Kyungji Cho South Korea’s insurers have been told by regulators to boost capital to prepare for an aging population, with the United...