The Lloyd’s of London insurance market revealed that record claims from disasters including the Chilean earthquake and U.S. oil spill halved its profits, and said it saw no respite from a steady decline in prices. Lloyd’s, which traces its origins …
American International Group Inc. plans to list its Asian life insurance unit, AIA Group Ltd., on Oct. 29, aiming to raise about $15 billion in Hong Kong, sources familiar with the deal said on Monday. AIG, which is nearly 80 …
Extreme weather in 2010 will spur more strident calls for action to combat global warming but is unlikely to break a deadlock at U.N. climate talks about sharing the burden between rich and poor. Islamabad, for instance, has blamed mankind’s …
TPG Capital has completed the acquisition of Vertafore, a provider of software and services to the insurance industry. The deal was first announced on June 10, 2010. TPG purchased the company from Hellman & Friedman and its co-investor JMI Equity …
A Japanese oil tanker damaged by a freak wave in the Strait of Hormuz, one of the world’s most important shipping lanes, was making its way to a port in the United Arab Emirates on Wednesday. The ship’s owners reported …
Iran said on Monday it was ready to return to talks on a nuclear fuel swap, a surprise that came shortly after the European Union agreed tougher sanctions, including a block on oil and gas investment. EU foreign ministers approved …
Bowring Marsh, the Specialist International Placement Broker at Marsh, has expanded its footprint in Asia with the opening in Hong Kong of its ninth office, specializing in property, earthquake, business interruption and casualty risks. The Hong Kong office “provides greater …
International specialty insurer, ACE Global Markets (AGM), has opened a new U.S. Political Risk and Credit operation based in Los Angeles. The office will serve the West Coast region and will be is headed by Ray Tizabi as its new …
Braemar Marine Inc, the marine claims and risk assessment specialist, has expanded its operations in both London and Singapore through with a series of key appointments. Chris Lunda, Formerly the VP of Braemar in the U.S., will assume a new …
A prominent organ-transplant hospital in New York wasn’t to blame for the death of a Singapore-born man who became riddled with cancer after getting a kidney from a donor who unknowingly had uterine cancer, jurors found Friday. The Queens jury …
