Swiss Re is to reinsure a five-year project that provides drought insurance for crops in Ethiopia, in a microinsurance program developed by the World Food Program (WFP) and Oxfam America. The world’s biggest reinsurer will commit $1.25 million to the …
As the international community steps up its efforts to fight money laundering, a number of countries are now requiring insurers to obtain additional information from their customers to screen out possible bad actors. For multinationals interested in doing business in …
Multinationals Face Heightened Compliance Requirements in High Risk Countries As the international community steps up its efforts to fight money laundering, a number of countries are now requiring insurers to obtain additional information from their customers to screen out possible …
Danish hosts revived climate talks on Thursday and Washington backed a $100 billion fund to aid poor countries, as world leaders gathered on the eve of a U.N. deadline to reach a deal to slow global warming. Environment ministers planned …
A new form of insurance that covers risks such as droughts or floods could help small farmers in developing countries cope with worsening impacts of global warming, a U.N. backed report said on Wednesday. Under “index insurance,” payouts are linked …
Somali pirates holding a Saudi supertanker after the largest hijacking in maritime history have reduced their ransom demand to $15 million, an Islamist leader and regional maritime group both said on Monday. The Nov. 15 capture of the Sirius Star …
Cayman Islands-based Greenlight Capital Re announced the election of Bryan Murphy to the company’s Board of Directors. Murphy, 63, has over 40 years of experience in the insurance and reinsurance business and has held senior executive positions in companies located …
Louisiana Medical Mutual Insurance Company (LAMMICO), which provides medical liability insurance for health care practitioners in Louisiana, announced it has funded scholarships for four students at medical schools in that state. This is the eighth year LAMMICO has awarded merit …
Swiss Re is honoring “International Water Day” on March 22 by making a CHF 1 million ($99.2 million) donation to the International Committee of the Red Cross (ICRC) for an infrastructure project in Ethiopia which focuses on providing clean and …
A research study, commissioned by Lloyd’s and the Economist Intelligence Unit in 2007, found that “54 percent of business leaders felt that the risk to their company of political violence and terrorist activity would increase over the next five years.” …
