Smart Meters Pose New Risks for Energy Industry July 18, 2014 By Christoph Steitz and Harro Ten Wolde Last November, Felix Lindner came very close to shutting down the power supply of Ettlingen, a town of almost 40,000...
Typhoon Rammasun Poised to Strike Hainan Province in China: AIR July 18, 2014 According to catastrophe modeling firm AIR Worldwide, after striking the Philippines with high winds and floods, “a strengthening Typhoon Rammasun...
Malaysia Airlines Plane Crash Insurance May Pose Quandary July 18, 2014 Insurance on the Malaysian airliner brought down over Ukraine on Thursday is likely to pay out relatively quickly, provided that...
Allianz Is Lead Reinsurer of $97.3 Million in Ukraine Plane Crash July 18, 2014 By Noah Buhayar Allianz SE is the lead hull and liability reinsurer on a Malaysia Airlines passenger jet that was shot down over...
GFIA Supports Business 20 Initiatives to Promote Economic Growth, Stability July 18, 2014 The Global Federation of Insurance Associations (GFIA) has issued a bulletin noting the organizations support for the “recommendations made by...
McCafferty to Become CEO of UK’s Flood Re: ABI July 18, 2014 A bulletin from the Association of British Insurers announces that “Brendan McCafferty has been appointed CEO of Flood Re, after...
Typhoon Rammasun Passes South of Manila, Strengthening Expected: AIR July 17, 2014 According to catastrophe modeling firm AIR Worldwide, Typhoon Rammasun weakened as it crossed the Philippine island of Luzon and passed...
Starr Companies Completes Majority Ownership of Chinese Insurer July 17, 2014 Starr Companies has announced the completion of its majority ownership of Shanghai based Dazhong Insurance Company Limited of China. The...
Best Assigns Ratings to Starr Property & Casualty Insurance (China) July 17, 2014 A.M. Best has assigned the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to Starr Property...
Emerging Capital May Sell Stake in Nigeria’s Continental Re July 17, 2014 By Emele Onu Emerging Capital Partners, a private-equity firm that has raised more than $2 billion for investments in Africa, is considering selling...