Fitch: Bermuda Insurance Market Resilient as Pricing Firms January 20, 2012 Following near-record global catastrophe losses in 2011, Bermuda-domiciled reinsurers are positioned to benefit from an improved underwriting and somewhat better...
Carlyle Cuts Stake in China Pacific Insurance Group January 20, 2012 By Stephen Aldred U.S. private equity fund Carlyle Group has sold 18 million shares in China Pacific Insurance (Group) Co. Ltd (CPIC), taking...
List of Insured Loss Estimates from Thailand Floods January 19, 2012 Last year’s flooding in Thailand is shaping up to be one of the worst natural disasters in human history, with...
Financial Stability Tops List of Insurers’ Concerns: Geneva Association January 19, 2012 A newly published study from insurance think tank the Geneva Association analyzes the principle concerns facing the industry in 2012....
Concordia Disaster Could Cost Insurers $1 Billion January 19, 2012 By Scott Mayerowitz The capsizing of the Costa Concordia could not have come at a worse time for the cruise industry — right...
Gorman Joins DUAL Ireland Team as Financial Lines Underwriter January 19, 2012 Specialist underwriting agency DUAL Ireland has expanded its Dublin-based team with the appointment of Martha Gorman as Development Underwriter for...
2011 Piracy Attacks Totaled 439; 275 off Somalia: ICC/IMB Report January 19, 2012 According to the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) global piracy report attacks in East and West...
Cavanagh Appointed Willis Re CEO January 19, 2012 Willis Group Holdings announced the appointment of John Cavanagh as CEO Willis Re, the reinsurance broking arm of the Willis...
Navy Actions Reduce Somali Pirate Hijackings: Maritime Bureau January 19, 2012 By Jonathan Saul Pre-emptive strikes by naval forces, the deployment of private armed guards and protective measures by ships helped to almost halve...
Ship Disaster Unlikely to Prompt Quick Safety Changes January 19, 2012 By Ben Berkowitz and Jonathan Saul The cruise ship disaster off Italy’s coast is drawing fresh scrutiny to the gaps in international safety rules and standards...