Tepco Rebuilding Plan Approved January 15, 2014 By Masumi Suga and Jacob Adelman Tokyo Electric Power Co. won the support of the government and banks for a plan to rebuild its business, the...
Uninsured Losses from Natural Disasters Growing: Swiss Re January 15, 2014 By Carolyn Bandel Natural catastrophes are growing more costly and uninsured losses are increasing, according to David Cole, chief risk officer of Swiss...
Pioneer Underwriters Launches Sub-Syndicate 1980 with Liberty’s 4472 January 14, 2014 Pioneer Underwriters announced the launch of their Lloyd’s Sub Syndicate 1980 in conjunction with Liberty Syndicate 4472. Syndicate 1980 began...
Cat Bond Coverage Reaches Record $20 Billion: Aon Benfield ILS study January 14, 2014 In its latest report Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield,...
Everest Re’s Special Purpose Reinsurer Reaches $370 Million of Capacity January 14, 2014 Everest Re Group, Ltd.’s special purpose reinsurer, Mt. Logan Re, Ltd., has secured additional funding, which brings current committed capacity...
Top 10 Corporate Risks in 2014: Allianz Risk Barometer January 14, 2014 Business interruption (BI) and supply chain, natural catastrophes and fire/explosion top the list of company risks in 2014, according to...
German Public Sector Insurers Unlikely to Merge: Fitch January 14, 2014 German public-sector insurers, which include Versicherungskammer Bayern and Provinzial Nordwest Holding AG, are unlikely to merge, Fitch Ratings said. “There...
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...