Strengthening Cyclone Sets Path for Australia’s Iron Ore Mines December 30, 2013 A tropical cyclone intensifying off northwestern Australia was on course to sweep across some of the world’s largest iron ore...
Reinsurance Rates Down by 11% for January Renewals: Guy Carpenter Survey December 30, 2013 Guy Carpenter & Co. has reported that reinsurance rates-on-line fell at the January 1, 2014 renewal in nearly all classes...
GAB Robins Swings into Action as Storms Batter UK December 27, 2013 A “Surge” Bulletin from GAB Robins reports that the “Christmas storms have caused widespread storm and flood damage with the...
Ratings: Hamilton Re, ACR Re, Bahamas First, China Taiping (NZ), Peak Re, Solid December 24, 2013 A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating of ‘A-‘ (Excellent)...
U.K. Christmas Exodus Hampered as Storms Lash Railways, Airports December 24, 2013 By Robert Wall Storms that lashed southern England yesterday have closed dozens of railway lines, halted ferry sailings and left airports struggling to...
ABI Exec Welcomes Government’s Insurance Growth Plan December 24, 2013 As the UK government launches its insurance growth plan, Huw Evans, Deputy Director General of the Association of British Insurers...
Best Affirms Tokio Millennium Re ‘A++’ Ratings; Outlook Stable December 23, 2013 By Charles E. Boyle A.M. Best Co. has affirmed the financial strength rating of ‘A++’ (Superior) and issuer credit rating of “aa+” of Swiss-based...
Buyers Benefit from Soft Market in Airline Renewal Season: Willis Report December 23, 2013 According to the Q4 Issue of Airline Insight, from Willis Group Holdings, “unprecedented levels of competition, growth in exposures and...
Zurich Insurance Seeking to Increase Sales to Corporate Clients December 23, 2013 By Carolyn Bandel Zurich Insurance Group AG, Switzerland’s biggest insurer, says a business unit selling insurance to corporate clients will become more important...
Willis Appoints Peller Global Head of Casualty December 23, 2013 Willis Group Holdings announced the appointment of Seth Peller to the newly created role of Global Head of Casualty, effective...