Carnival, Tourism Industry, Insurers Tally Cost of Cruise Ship Accident January 17, 2012 By Matt Scuffham and Sarah Young The cruise ship industry faces an uphill task to restore confidence among customers spooked by images of the stricken Costa...
XL’s Preliminary Thai Flood Loss Estimates: $135 to $185 Million January 13, 2012 The XL Group gave preliminary net loss estimates related to the widespread floods in Thailand that reached their highest point...
UK Panel Seeks to Reign in Whiplash Claims; ABI, RSA Comment January 13, 2012 By Charles E. Boyle A report from the UK Government’s Transport Select Committee targets the voraciously expanding number of claims for “whiplash,” i.e. soft...
Aon Benfield Appoints 2 in Asia Pacific Region January 13, 2012 Aon Benfield announced two new appointments within its Asia Pacific division. Henry To will become non-executive chairman for Greater China....
Aon To Move Corporate Headquarters to London January 13, 2012 Global insurance broker, risk management and human resource consulting firm Aon Corp. announced that it will move its corporate headquarters...
Investors: Private Sector Must Tackle Climate Change January 12, 2012 By Deborah Zabarenko Institutional investors with a collective $26 trillion under management opened a new front Thursday in the fight against climate change,...
Australia’s QBE Slashes 2011 Forecast; Shares Dive January 12, 2012 By Narayanan Somasundaram Australia’s QBE Insurance Group said on Thursday its 2011 net profit would fall by as much as 50 percent after...
Australia’s QBE Insurance Shares Halted; Balboa Concerns Cited January 12, 2012 Shares in QBE Insurance Group, Australia’s top insurer, were placed in a trading halt on Thursday ahead of the release...
Ratings Roundup: SHC Capital, TP Re, RSA (Bahamas) January 11, 2012 A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to Singapore-based...
Allianz Ready to Convert Commerzbank Non-voting Stake Say Sources January 11, 2012 By Alexander Hübner and Jonathan Gould German insurer Allianz is ready to adjust its €750 million [$952 million] non-voting capital stake in Commerzbank to help the...