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 …
Lloyd’s announced the appointment of Henrique de Campos Meirelles as Nominated Member of the Council of Lloyd’s, the body responsible for the management and supervision of the Lloyd’s market. “Meirelles, whose three-year term starts on 8 April, has had a …
Tim Holt, Head of Intelligence at Alert:24, Willis and SCR’s risk and crisis management consultancy, in his latest blog on WillisWire, has indicated that “conflict is unlikely but not out of the question as tensions escalate on the Korean peninsula.” …
In the latest edition of its Aon Benfield Aggregate (ABA) report, which analyses the financial results of the world’s leading reinsurers in 2012, Aon Benfield Analytics estimates that global reinsurer capital totaled a record $505 billion at December 31, 2012, …
Ironshore International, a subsidiary of Ironshore Inc., announced that its Lloyd’s Pembroke Syndicate has been authorized by the Japanese Financial Services Authority to offer Representations & Warranties coverage through Lloyd’s Japan. Ironshore said its “M&A unit provides insurance solutions on …
Cooper Gay Swett & Crawford Limited (CGSC), the global wholesale insurance and reinsurance broker, announced the acquisition of the remaining 49.99 percent shareholding in Cooper Gay Chile S.A. from Servicios Security SA, part of Security Financial Services Group. CGSC now …
Scientists in the Dutch city of Rotterdam know precisely what it takes for a bird flu virus to mutate into a potential human pandemic strain, because they’ve created just such mutant viruses in the laboratory. So, as they watch with …
Manchester United plc and Aon plc have announced what is described as an “innovative new business partnership.” Their current tie-up, which began with the 2010-11 football (soccer)season, will be extended for another 8 years, as of July 1, 2013 until …
