Independent insurance broker network BrokersLink has launched a Global Employee Benefits Practice Group and appointed Gerard Baltazar as its first Chairman. The group “will drive business development in the area of international employee benefits for its 70 members,” said the …
Dryad Maritime, a UK-based commercial maritime intelligence company, has welcomed the Japanese government’s plans to submit legislation that will permit the carriage of armed guards on Japanese-flagged vessels. The company cited a report in the Japan Times last week, which …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Endurance Specialty Insurance Ltd. and its affiliates, as well as the ICR of “bbb” and debt ratings of the …
The United States hopes to use a proposed regional free trade agreement in the Asia-Pacific and another with the European Union to reshape global rules for trade, Vice President Joe Biden said on Friday. “Our goal is for high standards …
Catastrophe modeling firm AIR Worldwide has issued a bulletin on the earthquake that struck the southwestern coast of Iran this morning, April 10, 2013. AIR said the quake was magnitude 6.3 and struck 55 miles [88 kms] southeast of Bandar …
The U.S.-China Business Council on Monday criticized a new U.S. law aimed at thwarting cyber attacks by discouraging the Justice Department and several other government agencies from buying information technology systems from China. “The national security of the United States …
The UK’s newly established Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), which replaced the FSA on April first, have lost no time in ordering their priorities for 2013/14. The FCA announced that its overall Annual Funding Requirement …
Pension funds are turning to specialist bonds that bet on the likelihood of a natural disaster, in a search for yield and returns that are not correlated to the rest of the market. What was once considered an exotic investment …
The Qatar Financial Centre Authority (QFCA) announced that it has reached an agreement to sell Qatarlyst, an electronic trading exchange for the global insurance and reinsurance industry, to Ebix Singapore Pte Limited, a subsidiary of Ebix, Inc., an international supplier …
Uninsured British travelers who fall ill on their holiday this summer could face an average extra £900 [$1,376] holiday bill according to the Association of British Insurers. The ABI’s bulletin noted that “many travelers are under-estimating or ignoring the risk …
