A new strain of bird flu that has killed 22 people in China is “one of the most lethal” of its kind and is more easily transmissible to humans than an earlier strain that has killed hundreds around the world …
Insurance Australia Group Limited (IAG) has issued an update on its New Zealand business, and has outlined its strategy to maintain its position and deliver sustainable strong returns in that market. At a briefing in Sydney IAG Managing Director and …
ACE Limited reported net income for the quarter ended March 31, 2013 of $2.77 per share – $953 million – compared with $2.84 per share -$973 million- for the same quarter last year. Operating income was $2.17 per share – …
ACE Commercial Risk Services, the U.S.-based small business insurance division of the ACE Group, has added additional capability enhancements to its portal www.ACEAdvantage.NET, the Internet-based rating system of its ACE International Advantage® division. The portal now includes international trip/travel coverage …
A global long-term cooling trend ended late in the 19th century and was followed decades later by the warmest temperatures in nearly 1,400 years, a sweeping study of temperature change showed. The study, by a consortium of 78 authors in …
An early peek this week at how the euro zone economy performed in April could cement the case for the next installment in an unprecedented campaign of monetary easing by the world’s major central banks. A preliminary survey of purchasing …
“The growing threat of natural catastrophes is raising serious challenges for corporate risk managers and the insurance industry,” according to the second issue of Resilience magazine, the risk management publication from Willis Group Holdings. Rowan Douglas, Chairman of the Willis …
Catastrophe modeling firm AIR Worldwide (AIR) has announced the availability of “Real-Time Climate Risk Analytics,” which it described as a “new service for corporations and emergency management agencies to help them better manage and assess their risk from natural catastrophes.” …
“Risk leaders are struggling to identify and manage the major risks facing their organizations,” according to the biannual Aon Global Risk Management Survey released by Aon Risk Solutions, the global risk management business of Aon plc. The report identifies the …
Bermuda-based Brit Insurance and Maiden Holdings, Ltd. have announced a temporary 100 percent quota share reinsurance of Maiden’s Excess and Surplus (E&S) unit, Maiden Specialty, with Brit Global Specialty. The bulletin said the “arrangement will shortly evolve into Brit assuming …
