Floods in Central Europe Near Peak; Prague Among Hardest Hit Cities June 4, 2013 By Stefan Nicola and James M. Gomez Floodwaters that inundated Prague and swamped large areas of central Europe may peak today as emergency crews work to open...
Private Equity Firm B.P. Marsh Selling Stake in Hyperion Insurance June 4, 2013 By Patricia Laya, Bloomberg B.P. Marsh & Partners Plc, the U.K. private-equity firm with investments ranging from risk assessment to financial advising, rose for...
Bermuda Minister Rejects Tax Haven Label; Sees Insurance Growth June 4, 2013 By Tom Bergin Bermuda is not to blame for companies such as Google using Bermudan subsidiaries to shelter billions of dollars from U.S....
XL Launches Unit Dedicated to Reinsurance in Emerging Global Markets June 4, 2013 XL Group announced that it is expanding its reinsurance operations with the creation of a “dedicated Reinsurance Global Emerging Markets...
Central Europe Hit by Rains, Floods and Landslides: AIR Analysis June 4, 2013 Catastrophe modeling firm AIR Worldwide has released a report on the current heavy rains and floods that have inundated large...
FERMA Warns Restrictions Could Damage Subscription Market June 4, 2013 The Federation of European Risk Management Associations (FERMA) has issued a warning to the European Commission that any restriction in...
China Orders Probe Into Deadliest Plant Fire Since 2000 June 3, 2013 By Bloomberg News China’s President Xi Jinping ordered an investigation into the cause of a fire at a poultry plant in northeastern China...
Best Affirms Mitsui Sumitomo Ratings; Upgrades Aioi Nissay Dowa June 3, 2013 A.M. Best Asia-Pacific Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit rating (ICR)...
Cyber Security Threats Pose ‘Stealthy, Insidious’ Danger – U.S. Defense Chief June 3, 2013 By David Alexander Defense Secretary Chuck Hagel said on Friday that cyber threats posed a “quiet, stealthy, insidious” danger to the United States...
China to Study Possibility of Joining U.S-Led Trade Talks June 3, 2013 China will study the possibility of joining the Trans-Pacific Partnership (TPP) trade talks, the Commerce Ministry said on Thursday, signaling...