Recent natural catastrophe losses, including last year’s Hurricane Sandy, have prompted “a mild hardening in the Downstream Energy insurance market, so much so that some Downstream insurers may be on the cusp of withdrawing from the market,” according to Willis …
Scientists are struggling to explain a slowdown in climate change that has exposed gaps in their understanding and defies a rise in global greenhouse gas emissions. Often focused on century-long trends, most climate models failed to predict that the temperature …
“Sandy has been retired from the official list of Atlantic Basin tropical cyclone names by the World Meteorological Organization’s hurricane committee because of the extreme impacts it caused from Jamaica and Cuba to the Mid-Atlantic United States in October 2012,” …
Brazil’s securities regulator CVM on Monday suspended the initial public offering of Banco do Brasil SA’s insurance unit BB Seguridade for 30 days, citing irregularities in the use of advertising materials. The offer could be canceled if the irregularities are …
Indonesian investigators on Sunday began working to determine what caused a new Lion Air passenger jet to miss a runway while landing on the resort island of Bali, crashing into the sea without causing any fatalities among the 108 on …
A global goal for limiting climate change is slipping out of reach and governments may have to find ways to artificially suck greenhouse gases from the air if they fail to make deep cuts in rising emissions by 2030, a …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of UK-based Samsung Fire & Marine Insurance Company of Europe Limited (SFME), both with stable outlooks. The ratings …
Ascot Underwriting Ltd. announced the appointment of Paul Taylor as its new Independent Non-Executive Director and Chair of Ascot’s Risk Committee. Taylor is the owner and managing director of Risk Management Options Ltd., a, consultancy business providing services in risk, …
Mutual insurers have found themselves in a prime position to capitalize on changes in the traditional reinsurance market, according to Willis Re, the reinsurance broking arm of Willis Group Holdings. Its newly released “1st View April 2013 Renewals Report” “found …
Marine insurance intermediary Seacurus has launched a new insurance policy to indemnify seafarers in the event of the financial default of their employers and includes recompense in respect of unpaid crew wages. The policy will enable all employers of seafarers …
