Swiss Re’s latest sigma study – “Microinsurance – risk protection for 4 billion people” – emphasizes the relevance of microinsurance as an effective and viable risk management solution for low-income individuals. “Microinsurance, which has the potential to cover up to …
Bermuda-based PartnerRe Ltd. Has updated its loss estimate relating to the September 3, 2010 New Zealand earthquake. The Company said it “now expects its loss estimate for the New Zealand Earthquake to be in the range of $140 – $160 …
You can lie to taxpayers or you can lie to creditors, European authorities are learning, but doing both at the same time is very hard. The proposed policy that current senior creditors to troubled states will not face losses on …
Building its brand messages directly into the game play of the popular social game Car Town – the only game on Facebook built around licensed automotive brands –State Farm today launched a six-month advertising campaign that lets players earn bonuses …
A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa” of Cincinnati, Ohio-based standard market property/casualty group, The Cincinnati Insurance Companies (CIC) and its members. A.M. Best also has affirmed …
Allied World Reinsurance has launched a global Marine and Specialty Division that will initially offer reinsurance for marine, aviation, satellite and crop reinsurance on a global basis. Allied World Re U.S. has appointed Kevin Marine as senior vice president, head …
Two insurance groups are joining to improve the skills of those helping troubled insurers recover assets and those going after people who defraud insurance companies. Members of the International Association of Insurance Receivers (IAIR) and the International Association for Asset …
ACE USA, the U.S.-based retail operating division of the ACE Group, has appointed Keith Mattheessen as senior vice president for ACE Risk Management’s (ARM) Houston region, and Laura Vest as senior vice president and branch manager for ARM in Dallas. …
Swiss Re announced that it has obtained $106.5 million in coverage “against North Atlantic hurricane, European windstorm, Californian earthquake, Japanese earthquake and Japanese typhoon through a natural catastrophe protection program named Vega Capital Ltd.” Swiss Re added that it is …
Sissonville Volunteer Fire Department is getting $10,000 from State Farm Insurance to help replace a fire station and three fire trucks destroyed in a blaze. The insurance company announced Friday it would donate the money to help rebuild the fire …
