Two important shipping industry publications – Lloyd’s List and Containerisation International – have come together on one website in order to provide subscribers with a “one-stop-shop for news, analysis and market intelligence in the containers sector.” Adam Smallman, Head of …
Genetic sequence data on a deadly strain of bird flu previously unknown in people show the virus has already acquired some mutations that might make it more likely to cause a human pandemic, scientists say. But there is no evidence …
India plans to set up a fund of up to 20 billion rupees ($368.4 million) to back local insurers in offering cover to refiners who process Iranian crude, three government sources said, as sanctions discourage global reinsurers from taking on …
Catastrophe modeling firm AIR Worldwide has announced the availability of Public Risk Services, which it describes as a “new consulting service to support the needs of public sector institutions and stakeholders charged with managing catastrophe risk. John W. Rollins, FCAS, …
Ascent Underwriting, the cyber risks Managing General Agent (MGA) led by Amlin capacity, said it is “to ring-fence cyber breach notification costs separately from its main insurance policy limit to protect small and mid-market clients. “Launched this week, the new …
A report from Willis Re, the reinsurance brokerage arm of Willis Group Holdings, concludes that “many traditional reinsurers now see the flow of capital coming into the reinsurance market as a direct threat to their existing portfolios.” The Willis Re …
Global specialty insurer Torus announced it has received approval from the UK Financial Services Authority and Lloyd’s to launch its own Lloyd’s managing agency, Torus Underwriting Management Limited – TUML. The new MGA will immediately assume management of Torus Syndicate …
PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data, has released an update for 2013 of its European Industry Exposure Database, which contains updated market-wide property values insured for European windstorms. The update covers the following 11 …
Tanzania’s government says the death toll from a collapsed building in the country’s largest city rose to 30 early Monday. Rescue workers have given up hopes of finding more survivors after the 16-story building in Dar es Salaam collapsed Friday …
Hiscox Bermuda announced that it has expanded its US property catastrophe team with the appointment of Bill Lazzaro as Vice President – Underwriting. He joins Hiscox from Aon Benfield where he held a variety of roles over the last nine …
