Alibaba’s Grand Vision for E-Commerce Empire Includes Insurance April 3, 2014 By Paul Carsten and Matthew Miller Alibaba, the world’s biggest e-commerce company, changed how China shops. Now the man driving its blockbuster U.S. stock sale wants...
UN Climate Chief Calls For ‘Urgent Transformation’ of Oil, Gas to Green Energy April 3, 2014 By Alister Doyle and Environmental Correspondent The U.N.’s climate chief called on the oil and gas industry on Thursday to make a drastic shift to a...
Ratings Roundup: Malayan Insurance, China Taiping, Energas April 3, 2014 A.M. Best has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb+” of the Philippines-based...
U.K. Financial Markets Watchdog Under Fire for Insurance Leak April 3, 2014 By Ben Moshinsky The U.K.’s top financial conduct watchdog’s first birthday today was marred by complaints from the government and lawmakers about its...
S&P Revises Outlook on CGSC to Negative; CEO Comments April 2, 2014 Standard & Poor’s Rating Services announced on April 1, 2014 that it has affirmed its ‘B’ rating for Cooper Gay...
Torus CEO Dermot O’Donohoe on the Insurer’s Future Prospects April 2, 2014 By Charles E. Boyle When Torus Insurance was founded by first Reserve, headed by Clive Tobin in 2008, the worst effects of the financial...
Enstar and Stone Point Capital Complete Torus Acquisition April 2, 2014 Enstar Group Limited and Stone Point Capital LLC announced the completion of the acquisition of global specialty insurer, Torus Insurance...
Zurich CFO’s Widow to Confront Insurer at Annual Meeting; Company Defends Probe April 2, 2014 By Katharina Bart Seven months after the suicide of Zurich Insurance finance chief Pierre Wauthier, his widow is set to confront the company...
Huge Earthquake off Chile’s Northern Coast Triggers Tsunami April 2, 2014 By Anthony Esposito and Rosalba O'Brien A major earthquake measuring magnitude 8.2 struck off the coast of northern Chile on Tuesday, causing five deaths and triggering...
April Renewals Confirm Reinsurance Rates Continue to Fall: Willis Re Chairman April 1, 2014 By Charles E. Boyle “Reinsurance rates began to fall last year,” said Willis Re’s Chairman James Vickers in a telephone interview. The January renewals...