AIR Estimates Insured Losses from Europe Windstorm at $2-$3 Billion November 7, 2013 Catastrophe modeling firm AIR Worldwide has estimated that insured losses from Windstorm Christian (known as St. Jude in the UK)...
ABI Estimates 105,000 Claims Totaling $208 Million from St. Jude Storm November 7, 2013 The Association of British Insurers (ABI) said it expects the country’s insurers to “deal with a total of 105,000 claims,...
Arctic Ship Route May be Safer with Anglo-Russian Radio Waves November 7, 2013 By Jonathan Saul The perils of the new Arctic shipping route, warmed by climate change, may diminish with a British-Russian radio navigation initiative,...
Munich Re Plans $1.35 Billion Buyback as Q3 Net Beats Estimates November 7, 2013 By Oliver Suess Munich Re, the world’s biggest reinsurer, plans to buy back €1 billion ($1.352 billion) of its shares as third-quarter profit...
Generali Third-Quarter Net Profit Rises as Operating Income Climbs November 7, 2013 By Sonia Sirletti and Francesca Cinelli Assicurazioni Generali SpA, Italy’s biggest insurer, said third-quarter profit rose 75 percent as it earned more from its life segment...
Swiss Re Q3 Net Beats Analyst Forecasts as Non-Life Sales Jump November 7, 2013 By Carolyn Bandel Swiss Re Ltd., the world’s second- biggest reinsurer, reported better than expected third-quarter profit after non-life premiums rose by a...
Gazançon Named AXA ART Chief Operations Officer November 6, 2013 Global art insurance specialist AXA ART announced the appointment of Jean Gazançon as Chief Operations Officer. He has also been...
Qatar Reinsurance Report Finds Asian Markets ‘Bustling with Confidence’ November 6, 2013 The first Asia Reinsurance Barometer, published by the Qatar Financial Center (QFC) Authority, concludes that the “region’s reinsurance markets are...
Lockton’s ‘Compass’ System Helps Multinationals with Global Compliance November 6, 2013 “One of the growing concerns among multinational risk managers is global insurance program compliance,” a bulletin from Lockton notes. As...
ING to Speed up Reorganization after Revised Deal with EU November 6, 2013 By Maud van Gaal ING Groep NV, the biggest Dutch financial-services company, will complete its reorganization two years earlier than planned after winning regulators’...