Insurers Bracing for Thai Flood Claims over $10 Billion November 21, 2011 By Myles Neligan Insurers are bracing themselves for claims in excess of $10 billion after floods in Thailand disabled major foreign-owned manufacturing operations...
Buffet on Japan Visit; Says Euro Zone Has ‘Major Flaw’ November 21, 2011 By Chikafumi Hodo Billionaire investor Warren Buffett said Europe’s debt crisis had shown up a “major flaw” in the 17-member euro zone system...
LMA Highlights Training Academy Role with Baker Appointment November 21, 2011 Ben Baker, the Lloyd’s Market Association’s (LMA) former Senior Underwriting Executive, has been promoted to the role of the organization’s...
IPCC Report Concludes Extreme Weather to Worsen with Climate Change November 18, 2011 By Elias Biryabarema An increase in heat waves is almost certain, while heavier rainfall, more floods, stronger cyclones, landslides and more intense droughts...
Ratings Roundup: Wawanesa, AmerInst, First Net November 18, 2011 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-”...
Best Affirms Arab Re’s Ratings; Outlook Revised to Stable November 18, 2011 A.M. Best Europe – Rating Services Limited has revised the outlook to stable from positive and affirmed the financial strength...
Pressman Appointed to Aspen’s Board of Directors November 18, 2011 Aspen Insurance Holdings Limited announced that the Company’s Board of Directors has appointed Ron Pressman to the Board in a...
Allianz Asia CEO Says Thai Floods Could be Costliest Disaster in a Decade November 18, 2011 By David Fogarty and Kevin Lim Insured losses from Thai floods could be in the double-digit billions of dollars and the disaster will lead to a...
U.S. Ambassador Urges China Not to Interfere in Business November 18, 2011 By Terril Yue Jones China should allow domestic and foreign companies to make investment decisions without government interference, the U.S. ambassador to China said...
AmTrust Europe to Open Branch in Italy November 18, 2011 UK-based insurer AmTrust Europe, Ltd., a FSA [Financial Services Authority] authorized insurance company, which already has had operations in Italy...