Emerging Markets
China’s Ping An Insurance Sees Profit Soar, Thanks to Investment Gains
Ping An Insurance (Group) Co., China's second-largest insurer, said profit jumped 62 percent in the first half of this year as a stock-market rally boosted investment returns. Net income rose to 34.6 ...
China Tianjin Port Blast Forces the World’s Automakers to Divert Shipments
Toyota Motor Corp and rival global automakers are looking to divert shipments to Shanghai and other ports from Tianjin after massive explosions last week disrupted operations indefinitely at China's ...
Willis Plans Support for Inclusion@Lloyd’s Diversity Festival
Willis Group Holdings has announced its support for a new London market collaboration to host a diversity and inclusion festival. The Inclusion@Lloyd's "Dive In" festival is a joint initiative ...
Fitch: China Insurers Will Face Bulk of Insured Losses From Explosion
China's homegrown insurers will likely face the bulk of the financial losses from massive explosions at a chemical storage site in Tianjin earlier this month. What's more, the claims could hurt, ...
Novarica: ‘Agile’ Methodology Is Transforming Insurance Industry IT Development
In the last seven years, the use of agile methodology across the insurance industry has gone from zero to 90 percent. The agile model, a newer software development approach, involves more ...
Executives On The Move at GEICO And ACE Group
GEICO promoted a veteran executive to one of its senior vice president positions. George Rogers assumes the title as well as responsibility for GEICO's operations in the Southeast and Midwest. As ...
Lloyd’s, Fulbright Commission Expand Risk-Related Research Program
Lloyd's of London and the U.S.-U.K. Fulbright Commission announced recently that they've extended and expanded a program designed to pursue risk-related research in the U.S. The partnership, through ...
Iran, Minus Sanctions, Could Be Huge Boon For Insurers/Reinsurers: A.M. Best
The potential lifting of trade sanctions on Iran could present a huge opportunity for insurers and reinsurers in the months and years ahead, A.M. Best concluded in a new briefing. Right now, the ...