growth News

OECD Sees Euro Zone Crisis Threatening Global Economic Recovery

The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain its flaring growth crisis, the OECD said on Tuesday. In its twice-yearly …

Best Opens Office in Dubai International Financial Center

A.M. Best Co. announced the formal opening of its new office in the Dubai International Finance Centre (DIFC) in Dubai, UAE. The office is located in Tower 2, Currency House, DIFC, and “will operate as A.M. Best MENA, South & …

Tackling Euro Zone Crisis is Top Priority for G8 Leaders

Leaders of major industrial economies meet this weekend to try to tackle a full-blown crisis in Europe where fears are growing that Greece could leave the euro zone bloc, threatening the future of the common currency. President Barack Obama, the …

UK Prime Minister, Lloyd’s Chairman Unveil Ambitious ‘Vision 25’ Plan

Beazley’s Interim Statement for Q1 2012 Shows 9% Premium Growth

MAPFRE Q1 Results: Total Revenue Tops $8.8 Billion, Latin American Growth

Spain’s MAFRE Group posted total revenues for the first quarter of 2012 of €6.835 billion [$8.858 billion], an 11.5 percent increase compared to Q1 2011, “thanks to sustained growth of the international business,” the report noted. Recurring results grew by …

RSA’s Interim Statement Highlights Organic Growth, Strong Financial Position

UK-based RSA reported continued strong growth and financial strength in its interim management statement covering the first three months of 2012. Highlights included the following: • Net written premiums of £2.2 billion [$3.565 billion] up by 5 percent with all …

Willis Capital Reports Strong Growth in Cat Bond Market; $1.3 Billion in Q1

The latest Insurance-Linked Securities (ILS) Market Update from Willis Capital Markets & Advisory (WCMA), part of global insurance broker Willis Group Holdings, notes a “record issuance in the catastrophe bond market in the first quarter of 2012, with eight new …

Willis Review Sees Better Times Ahead for Aviation Industry

The airline and aviation manufacturing insurance markets turned a profit in 2011 “following one of the safest years in recent times in terms of numbers of losses and passenger fatalities,” according to a review from Willis Aerospace, a unit of …

OECD Says Euro Zone Public Debt Crisis Far from Over

The euro zone’s public debt crisis is not over despite calmer financial markets this year, the OECD said on Tuesday, with a warning that the bloc’s banks remain weak, debt levels are still rising and fiscal targets are far from …