Best Report: Saudi Arabia’s Insurance Market Adapts to Change March 13, 2012 The insurance market in Saudi Arabia has changed dramatically in the past decade, with further development anticipated, according to a...
Debt Ridden India Makes More Claims on Its Insurance Giant March 13, 2012 By Swati Pandey and Vidya Ranganathan An Indian government company with more than a quarter of a billion customers has once again dug into its pockets...
$27.2 Billion Lawsuit Against Big Tobacco Starts in Montreal March 12, 2012 Canada’s three biggest tobacco companies, all with multinational parents, face C$27 billion (US$27.20 billion) in damages and penalties as the...
Rajab Appointed Aon Benfield’s New CEO for Middle East, North Africa March 12, 2012 Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., announced that Ahmed Rajab, an executive with 15...
Willis Names Bellone for Europe Capital Markets & Advisory Unit March 12, 2012 Willis Group Holdings announced the appointment of Andrea Bellone as Managing Director in the European team of Willis Capital Markets...
ICA Declares Flood Zone Catastrophe; Economic Losses May Top $1.5 Billion March 12, 2012 By Charles E. Boyle The Insurance Council of Australia has declared widespread areas of New South Wales and Victoria a formal catastrophe zone. The...
Japan Marks One Year Since Earthquake – Tsunami Disaster March 12, 2012 By Miki Toda and Malcolm Foster People across Japan prayed and stood in silence on Sunday to remember the massive earthquake and tsunami that struck the...
Geneva Association Report: 2011 an ‘Annus Horribilis’ for Insurance Industry March 9, 2012 By Charles E. Boyle The latest report from the Geneva Association , No. 5 in the current series – Extreme events and insurance: 2011...
Armour Group Forms Specialty Securities Unit March 9, 2012 By Charles E. Boyle The Bermuda-based Armour Group announced the formation of a new ILS [Insurance Linked Strategies- more commonly ‘securities’] focused asset manager...
Greece Averts Immediate Default with Bond Swap Deal Success March 9, 2012 By George Georgiopoulos and Lefteris Papadimas Greece averted the immediate risk of an uncontrolled default, winning strong acceptance from its private creditors for a bond swap...