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...
UK Gov’t. Minister Lauds Willis Tech Product; Stresses Innovation Importance March 9, 2012 By Charles E. Boyle In a rapidly changing world, new innovations that keep global companies competitive are an extremely important resource – none more...
UK Broker BMS Launches New Global Construction Initiative March 9, 2012 Independent global broker BMS Group announced that it has launched a new global construction initiative, to be headed by Gavin...
IAG to Restructure CGU Operations; 600 Jobs to Go March 9, 2012 By Charles E. Boyle Insurance Australia Group Limited (IAG) announced that it is restructuring its “operating model” for its Australia Intermediated business, CGU. The...
QBE Forming Global Reinsurance Business – QBE Re March 8, 2012 The QBE Insurance Group announced that it is combining its worldwide reinsurance operations under a single management team and unified...
Survey Finds Emerging Markets’ Growth in Auto Financial Services March 8, 2012 By Charles E. Boyle A survey from London-based Finaccord found that in ten emerging economies, surging car sales have doubled the value of their...
Thai Reinsurance Expects 2012 Loss from Floods March 8, 2012 By Khettiya Jittapong and Manunphattr Dhanananphorn Thai Reinsurance Pcl expects to post a net loss for a second year in 2012 as the country’s leading reinsurer...