Emerging Markets
European Insurers Hit with Highest Tianjin Explosion Losses
Insurer Talanx AG's $122 million loss from port explosions at Tianjin, one of China's worst industrial disasters, takes the net hit incurred by insurers across Europe, the U.S., Bermuda and Asia to ...
XL Catlin Maintains Positive Fitch Ratings Assessment
Fitch Ratings remains cautious optimistic about XL Group, corporate parent of the newly merged XL Catlin, maintaining it previous positive assessment of the global insurer and reinsurer. Fitch said ...
Research: Microfinanced Business Success Tied to ‘Spiritual Capital’ in Developing Countries
Higher levels of spiritual capital—the motivation, energy and work ethic one gets from a relationship with God—have a positive effect on business success, employment and innovation in developing ...
Executives On The Move at ACE, Allianz and RenaissanceRe
ACE, prepping for its $28 billion acquisition of Chubb, named a new post-merger executive to replace one who is jumping ship. Allianz Global Corporate & Specialty has a new head of global ...
Insurance Software Maker Ebix Mulls $685M Offer For U.K. Rival
Insurance software provider Ebix Inc. is contemplating a $685 million offer for U.K. rival Xchanging plc. Ebix disclosed on Nov. 16 that it sent a letter to Xchanging's board of directors outlining ...
This Season’s El Niño Will be Among the Strongest Ever Recorded
The current El Niño weather pattern, a phenomenon associated with extreme droughts, storms and floods, is expected to strengthen before the end of the year and become one of the strongest on record, ...
Cooper Gay Swett & Crawford Puts North American Business Up for Sale
Cooper Gay Swett & Crawford is putting its North American business up for sale, the reinsurance broker disclosed on Nov. 13. Specifically, potential buyers will be sought out for CSGC North ...
2015 Atlantic Hurricane Season Below Average But Deadly
The 2015 Atlantic hurricane season may end up being remembered for a subpar number of storms, even though the total still beat early forecasts and more than 50 people died. The season, which also ...