Aon Monthly Cat Recap Highlights Asia Floods, Atlantic Storms
Aon Benfield’s latest release of its Monthly Cat Recap report, which provides an analysis of global natural perils in August, reports the month was “dominated by historic floods in Pakistan destroying over 1.25 million homes, a massive landslide in China …
Pakistan Floods, Russia Heat Fit Climate Trend, Scientists Say
Devastating floods in Pakistan and Russia’s heatwave match predictions of extremes caused by global warming even though it is impossible to blame mankind for single severe weather events, scientists say. This year is on track to be the warmest since …
Competition Benefits Europe, Middle East, Africa Insurance Buyers: Marsh
Insurance buyers across Europe, the Middle East and Africa (EMEA) are reaping the cost benefits created by greater competition among insurers for their business and the added capacity generated by new entrants to the market, according to a report published …
Life products, Asset Mgmt. Buoy Allianz, Generali, Aegon, Ageas in Q1
European insurers were buoyed by strong sales of life insurance and asset management products on the back of a reviving economy in the first quarter, offsetting big disaster damage claims. Germany’s Allianz, Italy’s Assicurazioni Generali, The Netherlands’ Aegon and Belgium’s …
Allianz Names Bauer to Head Europe, Middle East ‘Growth Region’
Allianz annonced that, effective January 1, 2010, Manuel Bauer will be CEO of the new growth region – ‘Central and Eastern Europe, Middle East and North Africa’ (CEEMA). He succeeds Klaus Junker, former CEO of the New Europe region, who …
Truth or Lore? Insurance ‘Factorama’ Explores the Known and Little-Known
It’s the end of the decade that apparently has no name as yet, but that doesn’t stop those of us at Insurance Journal from looking back at the past 10 years and beyond for known and little-known insurance “factoids.” Why? …
ACE Names Furgueson President, Multinational Client Group for Int’l. P/C
The ACE Group announced the appointment of Michael Furgueson to the newly created post of President, Multinational Client Group, ACE Overseas General. He will be responsible for leading the company’s commercial property and casualty insurance capabilities targeted to large multinational …
Reuters: Interview with New AIG CEO Benmosche in Croatia
Wearing flip-flops, khaki shorts and a green polo shirt, the new chief executive of bailed-out insurer American International Group Inc. says he’s getting a lot of work done from his massive villa overlooking the Adriatic. “People criticize me for being …
AIG to Combine Consumer Finance Operations in Poland
American International Group, Inc. (AIG) has entered into an agreement under which it will combine its consumer finance business in Poland, conducted through AIG Bank Polska S.A., into the Polish consumer finance business of Santander Consumer Finance S.A., which is …