IMF Head Sees Global Economy on Recovery Path, but Risks Remain March 19, 2012 By Nick Edwards and Kevin Yao The global economy has stepped back from the brink of danger and signs of stabilization are emerging from the euro...
Development Bank Plans Natural Disaster Fund for Latin America March 19, 2012 The Inter-American Development Bank has proposed allowing member countries to tap loans in case they need to respond to natural...
HDI-Gerling UK Appoint Blanco as International Liability Underwriter March 19, 2012 Industrial Insurance Company HDI-Gerling, which is based in the UK, has appointed James Blanco to the position of Senior Liability...
Willis Warns Companies to ‘Wake up to Cyber Threats,’ Liabilities March 16, 2012 Company Directors must wake up to cyber threats or they risk litigation from all sides, warned Francis Kean of Willis...
EU Foreign Ministers Set Talks on Tanker Insurance for Iran Oil Embargo March 16, 2012 EU foreign ministers are expected to discuss how the bloc’s Iran oil embargo will impact shipping insurance when they hold...
Thailand’s Thanachart Bank Ready to Sell Insurance Ops Say Souces March 16, 2012 By Clare Baldwin and Denny Thomas Thailand’s Thanachart Bank Pcl, backed by Canada’s Bank of Nova Scotia, is preparing to sell its insurance operations in a...
PCI Applauds Global Regulators’ Expanded Timeline for G-SII Rules March 15, 2012 The International Association of Insurance Supervisors (IAIS) announced that its timetable with the Financial Stability Board (FSB) to develop a...
AIG, Atradius Execs Join Micro-insurance Investor LeapFrog for Africa, Asia March 15, 2012 By Charles E. Boyle LeapFrog Investments, an investment fund focused on insurance and financial services companies, announced two senior appointments as it expands its...
Allianz Teams with Experts to Assess Climate Change Impact on Insurers March 15, 2012 By Charles E. Boyle Europe’s largest insurer, Germany’s Allianz SE, posed the following question: “How does climate change affect the business model of a...
PERILS Lowers Loss Estimates from Windstorm Joachim to $377 Million March 15, 2012 PERILS, Europe’s catastrophe data provider, has updated its loss report for windstorm Joachim, which occurred from December 15 to 17,...