Emerging Markets
Where Should Insurers Look for New Markets?
With the insurance markets in Europe and North America already mature, insurers are looking for new regions and markets in which to expand. Only a decade ago, it was the BRICS that were hot—Brazil, ...
Strong Euro and Spanish Storms Batter MAPFRE’s Earnings
MAPFRE SA, Spain's biggest insurer, said first-quarter earnings fell 17 percent as the euro's strength limited growth in premiums and winter storm claims weighed on profit in its home market. Net ...
ACE Advances Thailand Acquisition After a Robust Q1
Earlier this week, ACE Ltd., working with a local partner, finished its acquisition of a 60.9 percent stake in a general insurance company in Thailand. Chairman and CEO Evan Greenberg said Wednesday ...
Validus Looking to Grow in U.S. Insurance Market, CEO Says
The chief executive officer of Validus Holdings said that there are growth opportunities for the group's insurance operations in the United States, at a time when growth for the Bermuda reinsurance ...Subprime Auto Lender May Have Exposed Clients’ Personal Info
Benjamin Lawsky, New York's top banking regulator, sued Condor Capital Corp., claiming the subprime auto lender stole millions of dollars from low-income customers and risked exposing their personal ...
Hacking Threat Is Real For Global Shipping Fleet
The next hacker playground: the open seas—and the oil tankers and container vessels that ship 90 percent of the goods moved around the planet. In this internet age, as more devices are hooked up ...
Few Will Buy Insurance Against A Chinese Financial Meltdown
Selling insurance against a financial crisis should not be difficult, five years after the last one nearly wrecked the global economy. But when it comes to China, the world's second-largest economy, ...
Livestock Producers Targeted By New U.S. Farm Law Insurance Plan
A plan in the new U.S. farm law to help dairy farmers limit losses from rising feed costs or falling milk prices may become a model in coming years for livestock producers who have resisted similar ...