Catastrophe risk modeling firm AIR Worldwide has estimated that insured losses in France, Belgium, Germany, and Netherlands from winter storm Xynthia will be between €1.5 billion and €3 billion [$2 to $4.1 billion]. The storm struck the Atlantic coast of …
A powerful Atlantic storm, named Xynthia, struck along the western coast of Europe Saturday night and most of Sunday, leaving at least 50 people dead in its wake. The storm packed sustained winds over 140 kmh (87.5 mph) as well …
The ACE Group has announced its initial executive appointments to its newly-created Global Client Executive team. Those assigned to the team will “work collaboratively with clients and distribution partners in major markets around the world to respond to their needs …
Bermuda’s Minister of Finance, the Hon. Paula A. Cox, announced that Bermuda had concluded negotiations of a bilateral agreement with Belgium that provide for a full exchange of information on criminal and civil tax matters between Bermuda and the Kingdom …
New research, conducted by Marsh, has found that senior executives in Europe’s leading organizations are most concerned about customer-related risks and access to credit, as they plan their recovery from the global economic downturn. Marsh said the nearly two-thirds of …
A former top female executive at Anheuser-Busch InBev NV has sued the world’s largest brewer for gender bias, accusing it of paying women less than men while maintaining a “frat party” atmosphere. Francine Katz said she filed the lawsuit Monday …
Dutch bancassurer ING will split in two, transforming itself into a smaller European lender in the most striking example yet of the deep changes that EU policymakers want to force on banks that received state aid. The company also said …
The catastrophe bond market is poised for an active fourth quarter in 2009, according to a new report. The report by Guy Carpenter & Co., LLC, and GC Securities, a division of MMC Securities Corp. concludes that a number of …
The new company will use independent agents and brokers for sales. Florida officials announced that a new Miami-based insurance company will pick up the insurance for about 15,000 of the policyholders now with First Commercial Insurance Co., which is in …
The new company will use independent agents and brokers for sales. Florida officials announced that a new Miami-based insurance company will pick up the insurance for about 15,000 of the policyholders now with First Commercial Insurance Co., which is in …
