White House Formally Notifies Congress of Japan Free-Trade Talks April 26, 2013 By Doug Palmer President Barack Obama’s administration on Wednesday notified Congress it will start free-trade talks with Japan, bringing the world’s third-largest economy...
Brazil’s BB Seguridade, Smiles SA Conclude IPO’s – Boosts Insurance April 26, 2013 By Guillermo Parra-Bernal and Aluísio Alves Brazil’s BB Seguridade Participações SA sealed the world’s biggest initial public offering in seven months at a time when confidence...
Ratings Recap: PaCRe, Barbados, Cotswold, Orient, Kuwait Re April 25, 2013 A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Bermuda-based...
UK MGAA Members Write over $3.85 Billion in Gross Premiums April 25, 2013 New members joining the UK Managing General Agents’ Association (MGAA) since the beginning of 2013 have increased the total combined...
Allied World Reports $159 Million Q1 Net Income April 25, 2013 Swiss-based Allied World Assurance Company Holdings, AG reported net income of $159.0 million, or $4.49 per diluted share, for the...
Everest Re Reports $384.3 Million Q1 Net Income; 31% Growth in Operating EPS April 25, 2013 The Bermuda-based Everest Re Group, Ltd. reported net income of $384.3 million, or $7.50 per diluted common share, for the...
UPDATE: Many Trapped in Bangladesh Building; Death Toll Climbs to 175 April 25, 2013 By Ruma Paul and Serajul Quadir At least 175 mainly women workers were killed in a Bangladesh building collapse and rescuers searching for survivors said on...
Wells Fargo Insurance Launches U.S.-Based International Specialty Group April 24, 2013 Wells Fargo Insurance, part of Wells Fargo & Co., is expanding its International Specialty Group by establishing three new teams...
Bangladesh Factory Building Collapse Kills Nearly 100; 700 Injured April 24, 2013 By Ruma Paul and Serajul Quadir An eight-story block, housing garment factories and a shopping center, collapsed on the outskirts of the Bangladeshi capital on Wednesday,...
Swiss Re in Co-op Agreement with GEM Foundation for Latin America Quake Risk April 24, 2013 The Swiss Re Foundation and the GEM Foundation announced a “three-year collaborative project to create the first-ever comprehensive picture of...