Flood Risks Rampant across Asia’s Factory Zones; Insurers Concerned July 23, 2012 By Clare Baldwin and David Fogarty Global insurance companies are struggling to get a grip on their flood exposure in Asia nearly a year after one...
Super Rich Hold up to $32 Trillion in Offshore Havens July 23, 2012 Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing...
China Rains, Floods Cause Many Deaths; Beijing Hit Hard July 23, 2012 The heaviest rain to hit Beijing in six decades killed at least 10 people [latest reports put the death toll...
Willis Creates New Units for Asia, Australasia, Middle East & Africa Operations July 23, 2012 Willis International, the broker’s’ retail division, announced that in “recognition of the size, growth and strategic importance of its Asia...
UIB Restructures Property Team to Promote Growth July 23, 2012 London-based international reinsurance broker UIB has overhauled its property team with a view to doubling the division’s revenues. UIB appointed...
Willis ILS Report: Catastrophe Reinsurance Market Nearing Strategic Shift July 23, 2012 A report from Willis Capital Markets & Advisory (WCMA), a unit of Willis Group Holdings, concludes that the “catastrophe reinsurance...
Earnings Report: Beazley Group July 20, 2012 Selected earnings highlights from Dublin-based Beazley Group for the first six months of 2012 are as follows: 1st Half 2012...
Montpelier Re Names Dalton President of Montpelier Underwriting July 20, 2012 Bermuda-based Montpelier Re Holdings Ltd., which specializes in short-tail reinsurance and other specialty lines, announced that John Dalton has been...
Taranto to Step Down as Everest Re CEO in 2013; Addesso Is Successor July 20, 2012 The Bermuda-based Everest Re Group, Ltd. announced that Joseph V. Taranto has agreed to continue in his role as CEO...
IRB Brasil Re Licenses RMS Cat Models July 20, 2012 Professional reinsurer IRB Brasil Re has entered into a long-term agreement to license Risk Management Solutions’ suite of models “to...