Australia Flood Damage Seen as Long-term; Rail, Road Links Destroyed January 7, 2011 By Daniel Munoz Australia’s flood-stricken coal industry may be disrupted for months after key rail and road links were washed away, while some...
Australia Floods Cause ‘Catastrophic Damage’ January 5, 2011 By Daniel Munoz Australia’s record floods are causing catastrophic damage to infrastructure in the state of Queensland and have forced 75 percent of...
Ratings Recap: Century Insurance (Guam & Saipan), Taiping Re January 5, 2011 A.M. Best Co. has affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Century...
AIG Receives Alternative Proposal for Taiwan Unit January 4, 2011 By Ben Berkowitz and Faith Hung American International Group’s protracted sale of its Taiwan unit was further complicated Tuesday when a local company proposed buying a...
U.S. Analyst: China May Be ‘Likely Bright Spot’ in Asia Climate Action December 31, 2010 By David Fogarty The outcome of U.N. climate talks in Mexico this month should boost steps in Asia to curb greenhouse gas emissions,...
Carlyle Group Sells $860 Million Stake in China Pacific -Sources December 30, 2010 By Vikram Subhedar and Denny Thomas Carlyle Group has sold a 2.5 percent stake worth around $860 million in China Pacific Insurance (Group) Co Ltd, sources...
Insurers’ Recent Success a Milestone in a Year of Chinese Drywall Litigation December 23, 2010 A federal judge in Louisiana recently let 10 insurance companies being sued by Louisiana homeowners over property damage resulting from...
Democratic Congress Productive But Unpopular December 23, 2010 Perhaps never before has a U.S. Congress done more and been liked less than the one controlled by President Barack...
Aon Benfield Releases Annual Cat Report; Insured Losses at $38 Billion December 17, 2010 Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, has released its Annual Global Climate and Catastrophe...
Ratings Roundup: NIPPONKOA (Asia), Aspen (Notes), Asia Capital December 16, 2010 A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Hong...