Swiss bank UBS swallowed a $1.5 billion fine and admitted to fraud on Wednesday after a global probe revealed its...
International & Reinsurance News
According to Swiss Re’s sigma preliminary estimates, economic losses from natural catastrophes and man-made disasters will likely reach at least...
Axis Capital Holdings Ltd. said this week its preliminary estimate of the total net financial impact of Sandy is around...
Proposed curbs on insurers aimed at preventing a repeat of AIG’s 2008 taxpayer bailout could raise the cost of insurance,...
Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings, Ltd., announced the appointment of Thomas Schild as Vice President,...
Zurich Insurance announced that it currently estimates aggregate claims net of reinsurance of about $700 million relating to Storm Sandy....
The Bermuda-based Catlin Group Limited announced that it currently estimates its Sandy-related losses at approximately $200 million, net of reinsurance...
Crime, corruption and tax evasion have cost the developing world nearly $6 trillion over the past decade, and illicit funds...
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B++’ (Good) and the issuer credit...
International insurance think tank, The Geneva Association, published its response to the International Association of Insurance Supervisors’ (IAIS) public consultation,...