Heavy rain in northeast Brazil triggered the Mandau River to overflow its banks on Sunday, June 20, causing “devastating floods...
International & Reinsurance News
The Board of Directors of the International Insurance Society (IIS), at their annual meeting in Madrid, announced the election of...
The UK’s new Chancellor (Finance Minister) George Osborne has announced plans to fundamentally reform the way financial services, including insurance,...
Willis Group Holdings announced that it has received official approval from local authorities to open a representative office of Willis...
A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A+’ (Superior) and issuer credit rating...
Risk Management Solutions latest report on heavy floods in southern China indicate that at least 150 people have died, thousands...
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of...
Insurers are issuing catastrophe bonds again to complement traditional and cheaper reinsurance and to spread the risks in buying protection...
Chubb Syndicate 1882 at Lloyd’s has lost no time in concluding its first piece of business, a marine hull risk....
Bailed out insurer American Insurance Group and China Strategic Holdings Ltd have agreed to extend the deadline for completing AIG’s...