Strong Quake Strikes Southern Pakistan: AIR Worldwide Analysis September 25, 2013 According to catastrophe modeling firm AIR Worldwide, “at 7:29 a.m. Eastern time (4:29 p.m. local time), a magnitude 7.7 earthquake...
Aon Benfield Makes Executive Appointments to Enhance Risk Strategy September 25, 2013 Aon Benfield has announced the following strategic executive appointments: Eric Andersen as CEO of Aon Benfield; Mike O’Connor as CEO...
Canada Regulator Urges Re/Insurers to Use Cat Bonds after Flood Disaster September 25, 2013 By Cecile Gutscher Canada’s banking regulator is urging insurers to sell catastrophe bonds for the first time to cut the risk of natural...
Catlin Establishes ‘Global Reef Record’ Database for Coral Ecosystems September 24, 2013 International specialty property/casualty insurer and reinsurer Bermuda-based Catlin Group Limited announced the establishment of the Catlin Global Reef Record Catlin...
Fairfax Consortium Bids $4.7 Billion to Take BlackBerry Private September 24, 2013 By Alastair Sharp and Andrea Hopkins Smartphone maker BlackBerry has agreed to go private in a $4.7 billion deal led by its biggest shareholder, allowing the...
Alberta Floods Canada’s Costliest Natural Disaster September 24, 2013 The massive floods that devastated swaths of southern Alberta in June are estimated to be the costliest natural disaster in...
Aon Benfield Study Finds Continuing Growth in Asia Pacific Region September 24, 2013 Aon Benfield’s annual Evolving Criteria report, which reviews the latest developments in rating agency protocol and impact for the insurance...
Ironshore Int’l. Appoints O’Reilly to Underwrite M&A in Singapore September 24, 2013 Ironshore International has appointed Astrid O’Reilly to write Mergers & Acquisitions (M&A) insurance lines, based in its Singapore office. She...
Best’s UK Non-Life Report Highlights ‘Challenging Market Conditions’ September 24, 2013 According to a new report from A.M. Best Co., the U.K. non-life insurance sector “faces mounting pressures, ranging from regulatory...
ANV’s CEO Matt Fairfield Tells What it’s Like to Run a Global Insurer September 23, 2013 By Charles E. Boyle R. Matthew “Matt” Fairfield, the Founder and CEO of ANV, is the epitome of a global insurance executive. He lives...