Catastrophe modeling firm AIR Worldwide has released a preliminary analysis of the damages caused by Hurricane Barbara, when it came ashore in the state of Chiapas on Mexico’s Pacific coast on Wednesday, May 29, at 12:50 p.m., local time (19:50 …
Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, announced the appointment of Nick Triggs, as a Managing Director in a new senior strategic advisory post in London. He will be reporting to …
WTO member countries have until the end of July to revive moribund global free trade talks in time for a meeting scheduled for December in Bali, top trade officials and ministers said on Thursday, and warned of long-term damage if …
XL Group announced the creation of a new Global Programs Center of Excellence and welcomed Kevin Strong as its Global Programs Manager. He will lead a team comprised of professionals from Asia, Europe and North America, which “will work with …
Shipping along the Arctic northern sea route is set to grow more than 30-fold over the next eight years and could account for a quarter of the cargo traffic between Europe and Asia by 2030, experts said on Wednesday. With …
Standard & Poor’s Ratings Services said that its rating on Endurance Specialty Holdings Ltd., currently ‘BBB+’ with a stable outlook, is unaffected by the recent announcement that David Cash has stepped down as the company’s CEO and as a member …
Hurricane Barbara hit Mexico’s southern Pacific coast on Wednesday, flooding roads, toppling trees and killing two men before weakening to a tropical storm as it moved inland. The U.S. National Hurricane Center said Barbara, which had earlier moved close to …
American International Group Inc. reached a deal with People’s Insurance Company Group of China Ltd. for a joint venture to sell life insurance in China. AIG will contribute 24.9 million yuan ($4.1 million) and People’s PICC Life Insurance Co. unit …
U.S. consumer groups plan to raise concerns on Wednesday about a proposed free trade agreement between the United States and the European Union, which they fear could weaken important government health, environmental and food safety regulations and undermine privacy on …
The UK-based commercial insurance underwriting agency, APC, announced that it has increased the limits on the majority of its public and products liability risks to £10 million ($15 million] and property risks to £50 million [$75 million] “to help smaller …
