More Than Ever, Businesses Must Think ‘What If’ January 30, 2012 By Paritosh Bansal A tumultuous 12 months that saw revolutions in the Middle East, a worsening debt crisis in Europe and a tsunami...
China Plans to Turn Shanghai into Global Money Center January 30, 2012 By Kazunori Takada and Samuel Shen China laid out more specific plans to turn Shanghai into a global financial center by 2020, listing a series of...
Swiss Re’s Chief Economist Sees Fed Actions Calming Debt Crisis January 27, 2012 Swiss Re’s Chief Economist, Kurt Karl, has predicted that the decision by the Federal Reserve to maintain the target fed...
Arctic Ice Melt Lifts Hopes for Russian Maritime Trade January 27, 2012 By Albina Kovalyova and Alissa de Carbonnel When severe snowstorms prevented life-sustaining fuel supplies from reaching the frozen Alaskan town of Nome, U.S. officials turned to a...
Kaufman Financial Acquires London’s Chesterfield Group, Texas MGA January 27, 2012 The H.W. Kaufman Financial Group, parent company of wholesale broker and underwriting manager Burns & Wilcox, has purchased Chesterfield Group...
Costa Cruises Offers Settlements to Passengers January 27, 2012 By Steve Scherer Costa Cruises has offered to pay 11,000 euros ($14,500) in compensation to each of the more than 3,000 passengers aboard...
Japan’s Stricken Nuclear Operator to Get $13 Billion Bailout January 27, 2012 By Kentaro Hamada and Linda Sieg Japan is set to launch a $13 billion bailout of the owner of its stricken Fukushima nuclear power plant after...
Ratings Roundup: Instituto Nacional, Malaysian Re January 26, 2012 A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to Costa...
AIG Thinking about Buying Back More of AIA January 26, 2012 By Paritosh Bansal American International Group Chairman Steve Miller said on Thursday the bailed-out insurance company may eventually want to buy a life...
S&P: Excess Capital, Strong ERM Give Reinsurers 2011 Cat Loss Cushion January 26, 2012 Standard & Poor’s Ratings Services announced that it is “maintaining its stable outlook on the global reinsurance sector despite the...