AIR Updates Analysis of Thai ‘Historic’ Flooding; BI Will Impact Insurers November 10, 2011 According to catastrophe modeling firm AIR Worldwide, “historic flooding in Thailand continues to damage residential properties and has interrupted operations...
Hannover Re Posts $518 Million 9-Month Net Income November 10, 2011 Germany’s Hannover Re expressed satisfaction with the Group’s net income for the first 9 months of 2011, as it posted...
Zurich Reports $3.2 Billion 9-Month Net Income; Operating Profit $3.258 Billion November 10, 2011 Zurich Financial Services Group reported a business operating profit (BOP) for the nine months ended September 30, 2011 of $3.258...
UK Court Rules Catholic Church Liable for Priest Wrongs November 9, 2011 A British court has ruled that Roman Catholic priests are equivalent to employees, a decision that could pave the way...
Aon’s Study of Airline Insurance Industry Finds Divergent Trends November 9, 2011 Aon Risk Solutions, the risk management business of Aon Corp., has released the latest edition of its aviation data report...
Swiss Re Places $130 Million Cat Bond for Hurricanes, European Wind November 9, 2011 Swiss Re has obtained a further $130 million in protection through the Successor X Ltd. catastrophe bond program, which covers...
Best Affirms Torus Insurance Holdings and Operating Subs Ratings November 9, 2011 A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit...
Validus’ Increased Offer for Transatlantic Presented Directly to Shareholders November 9, 2011 The ongoing battle between Validus Holdings and Transatlantic is heating up again, as Validus announced a series of moves aimed...
IMF Head Warns World Economy Risks a ‘Lost Decade’ November 9, 2011 By Kevin Yao and Zhou Xin The head of the International Monetary Fund warned on Wednesday that Europe’s debt crisis risked plunging the global economy into...
EU Finance Ministers Reaffirm Climate Funding for Developing Countries November 9, 2011 EU finance ministers on Tuesday signed off on more than €4 billion ($5.5 billion) in short-term funding to help developing...