Here’s a Look at Some of China’s Recent Deadly and Very Common Industrial Accidents June 23, 2023 At least 31 people were killed and seven injured when cooking gas exploded at a restaurant in Yinchuan in northwestern...
Beirut Port Explosion to Cost Insurers Approximately $3 Billion: Sources August 9, 2020 By Noor Zainab Hussain and Carolyn Cohn Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an...
After Beirut Port Explosion, AM Best Comments on Potential Insurance Exposures August 6, 2020 The devastating explosion at the Beirut’s port on Tuesday, Aug. 4 caused many casualties and considerable damage, but local insurance...
Fire Kills 10 in China’s Tianjin Port City Where Deadly Explosions Occurred in 2015 December 4, 2017 Ten people died and five were injured in a fire early Friday [Dec. 1] in a northern Chinese port city...
Global Insurance Premiums up 3.8% in 2015, Despite Trade Slowdown: Swiss Re June 29, 2016 By L.S. Howard Despite a challenging business environment and global trade slowdown in 2015, global direct premiums written grew by 3.8 percent in...
Low Interest Rates, Soft Market Pricing Hit London Market Insurers: Fitch April 12, 2016 The negative impact of low interest rates and soft market pricing on London market insurers has been partially offset by...
Insurance Claims from China’s Tianjin Port Blasts Rise to $3.5B: Swiss Re’s ‘sigma’ March 30, 2016 Insurance payouts from the chemical blasts at the Chinese Port of Tianjin last year could total up to $3.5 billion,...
2015 Global Insured Losses Lowest Since 2009 Despite El Niño Effects: Carpenter March 25, 2016 One of the strongest El Niño periods on record and a positive phase of the North Atlantic Oscillation were the...
Lloyd’s Profit Drops 30% in 2015 on Weak Prices and Lower Investment Income March 23, 2016 By Sarah Jones Lloyd’s of London reported a 30 percent drop of full-year profit as the world’s largest insurance market was hurt by...
Update: Zurich Insurance Weighs Sale of Hong Kong & Singapore Units February 24, 2016 By Denny Thomas and Pamela Barbaglia Zurich Insurance is exploring a sale of its Hong Kong and Singapore operations as it reviews its non-core businesses outside...