Review of Zurich Finance Chief’s Suicide Clears Ackermann November 5, 2013 By Alice Baghdjian and Paul Arnold Zurich Insurance finance chief Pierre Wauthier did not come under “undue pressure” before his suicide, the firm said on Monday,...
Pirate Money Promotes Global Criminal Activity: World Bank Report November 4, 2013 Pirates hijacking ships off the Horn of Africa and Somalia from 2005 to 2012 garnered well over a quarter of...
Cobalt CEO Says London Meeting Islamic Underwriting Needs November 4, 2013 Islamic business leaders have been told London has the ability to deliver highly rated re/insurance capacity to meet their desire...
Travelers Completes Dominion of Canada Acquisition November 4, 2013 The Travelers Companies, Inc. announced the completion of its acquisition of The Dominion of Canada General Insurance Company from E-L...
South Africa’s MMI to Buy Alexander Forbes’ Insurance Business November 4, 2013 By Jaco Visser MMI Holdings Ltd., South Africa’s third-largest insurer, agreed to pay 1.6 billion rand ($157 million) for Alexander Forbes Ltd.’s insurance...
U.S. Says Japan Signing Liability Pact Would Aid Nuclear Cleanup November 4, 2013 By Jacob Adelman Japan will receive international help with the cleanup at the Fukushima atomic station once it joins an existing treaty that...
Lockton Names Marsh’s Saada as CEO for Middle East-North Africa Region November 3, 2013 Lockton (MENA) Ltd. has named Tony Saada as chief executive officer. He will be responsible for developing and serving Lockton’s...
Another Canadian Freight Train Derails in Alberta, No Injuries November 3, 2013 By Jeffrey Hodgson A Canadian National Railway Co. train carrying lumber and sulfur dioxide derailed in the Western Canadian province of Alberta on...
Emerging Economies Nearing Half of Global Warming Emissions November 1, 2013 Total greenhouse gas emissions by China and other emerging nations since 1850 will surpass those of rich nations this decade,...
AXIS Capital Reports $137 Million Q3 Net Income; $512 Million 1st 9 Months November 1, 2013 Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the third quarter of 2013 of $137...