RSA Launches New Restaurants and Hotels Policy January 13, 2014 RSA, one of the UK’s principle commercial insurers, has launched a new Restaurants and Hotels insurance policy, which it said...
Global Natural Disasters Cost Insurers $45B in 2013: Impact Forecasting January 13, 2014 In 2013, there were 296 separate natural disaster events that produced total economic losses of $192 billion – four percent...
Global Financial Regulators Eye Systemically Risky Non-Banks January 13, 2014 Global regulators have taken a first step to identifying financial firms such as brokers and hedge funds that face extra...
EU Sanctions Relief for Iran Includes Lifting Insurance Ban January 13, 2014 European Union governments will implement all EU sanctions relief for Iran covered by a landmark nuclear deal on Jan. 20,...
ACE Buying 69% Stake in Thai Insurer January 13, 2014 ACE Limited (ACE) said it has agreed to purchase a 60.9 percent stake in The Siam Commercial Samaggi Insurance PCL,...
Pressure Mounts to Improve Oil-Rail Safety; Older Tank Cars in Canada Crash January 10, 2014 By Patrick Rucker and Solarina Ho Political pressure to quickly improve the safety of crude oil rail shipments intensified in Washington on Thursday, while Canadian officials...
China’s Fosun Buys 80% of Portugal’s Caixa Insurer for $1.36 Billion January 10, 2014 China’s Fosun International Ltd. bought 80 percent of Portugal’s Caixa Geral de Depositos SA’s insurance unit for €1 billion ($1.36...
Zurich No. Am. Names Kleiman as Canada VP, Regional-Commercial January 10, 2014 Zurich North America announced the appointment of Dan Kleiman as Vice President & Regional Leader, Canada Commercial, effective January 1.He...
Weill, Former Citigroup Chief, Named Chairman of Cohen’s Former Reinsurer January 9, 2014 By Zachary Tracer Sanford “Sandy” Weill, the former head of Citigroup Inc., was named chairman of the board at Hamilton Insurance Group Ltd.,...
Nationale Suisse Granted Singapore Insurance License January 9, 2014 Nationale Suisse announced that its new Singapore branch has received a license from the local authorities allowing it to insure...