Tropical Cyclone Christine Hits Australia’s Pilbara Coast: AIR Worldwide Analysis January 2, 2014 Catastrophe modeling firm AIR Worldwide reports: “Severe Tropical Cyclone Christine made landfall at approximately 1200 UTC on December 30 between...
Capital Capacity Softens January Renewal Rates up to 25%: Willis Re Report January 2, 2014 According to Willis Re’s January 2014 Reinsurance Renewals Report, “a heady cocktail of converging factors has fuelled a soft buyers’...
Second Suicide Bomber in Russia’s Volgograd Kills 14 on Bus December 31, 2013 By Maria Tsvetkova A bomb ripped a bus apart in Volgograd on Monday, killing 14 people in the second deadly attack blamed on...
Swatch Workshop Fire Seen Affecting Other Watchmakers December 31, 2013 By Alice Baghdjian A fire that destroyed a workshop at a Swatch Group factory will affect other watchmakers as it supplies more than...
Europe’s Stormy Weather as Winter Storms Slam the UK: AIR Worldwide Analysis December 30, 2013 According to catastrophe modeling firm AIR Worldwide, over the last several days, a series of three winter storms (named Christian,...
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...