Worsening Wealth Gap Is World’s Biggest Risk: World Economic Forum January 16, 2014 The chronic gap between the incomes of the richest and poorest citizens is seen as the risk that is most...
Europe to Relax Reinsurance Ban on Iranian Oil Exports Next Week January 16, 2014 By Alaric Nightingale and James G. Neuger Europe is days from suspending a ban on reinsuring tankers hauling Iranian oil, a measure that helped cut the nation’s...
Europe to Experience More Droughts Due to Climate Change January 15, 2014 By Rudy Ruitenberg Europe is poised to suffer more droughts as the 21st century progresses because of climate change, according to a study...
Best Affirms, Withdraws Arden Re’s Ratings after Operations’ Sales January 15, 2014 A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating of ‘A-‘ (Excellent)...
Chubb Europe Launches Updated ‘MasterPackage’ for Technology Companies January 15, 2014 Chubb Insurance Company of Europe SE announced the launch of the new edition of its MasterPackage for Technology Companies policy....
United Nations Explores Climate Change Solutions; Urges Carbon Dioxide Removal January 15, 2014 By Alister Doyle Governments may have to extract vast amounts of greenhouse gases from the air by 2100 to achieve a target for...
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,...