EU Naval Forces Carry Out First Strikes on Somali Pirate Bases May 16, 2012 By Slobodan Lekic The European Union’s naval force off the Somali coastline on Tuesday carried out its first air strikes against pirate targets...
Harris Joins Torus as Group Chief Financial Officer May 15, 2012 Global specialty insurer Torus announced that Tim Harris has joined the company as Group Chief Financial Officer. He is based...
Ratings Recap: Swiss Re Corporate Solutions, Milli Re May 15, 2012 A.M. Best Co. has assigned a financial strength rating of ‘A+’ (Superior) and an issuer credit rating of “aa-” to...
Zurich Posts $1.1 Billion Q1 Net Profit; Near $1.4 Billion Operating May 15, 2012 The Zurich Insurance Group reported a business operating profit (BOP) for the first quarter of 2012 of $1.3758 billion, a...
Padilla to Join Swiss Re as Head of Latin American Reinsurance – North May 15, 2012 Swiss Re announced the appointment Alejandro Padilla, effective June 1, 2012, as Head of Reinsurance Latin America North and President...
Maybe Europe Should Abandon the Euro Says Canada’s Finance Minister May 15, 2012 By Randall Palmer If European countries are not prepared to bail out fellow euro zone members, maybe they should just abandon the whole...
Greenlight Re Appoints Drake as VP-Business Development May 14, 2012 Cayman Islands-based Greenlight Capital Re, a specialist property and casualty reinsurer, has appointed John H. Drake, Jr. as Vice President,...
Evolution Underwriting in Deal with Beazley to Develop PI Business in UK May 14, 2012 “Broker only” commercial underwriting specialist Evolution Underwriting announced that it has “entered into an exclusive underwriting and distribution partnership with...
European Commission Approves ING Restructuring; Opens New Probe May 14, 2012 The European Commission on Friday approved a restructuring plan for Dutch bank and insurer ING made during the financial crisis...
Lloyd’s U.S. CEO Comments on the Importance of ‘Vision 25’ May 14, 2012 By Charles E. Boyle Lloyd’s announcement on Friday of the launch of its “Vision 25” program, an ambitious plan to prepare the historic London...