Emerging Markets
For Insurers, China and Indonesia Offer Big Growth Opportunities: Aon Benfield
As rapid economic development, population growth and urbanization lead to increased insurance penetration, Asia Pacific represents a key area of growth in the global marketplace, according to a ...
AIG Drawn to Indonesia Shariah Insurance Growth
Indonesia's Islamic insurance industry is expanding three times as fast as Malaysia's, prompting American International Group Inc. and Sun Life Financial Inc. to seek a broader presence in the ...
A.M. Best: ORSA Won’t Affect Its Ratings Process
A.M. Best said that the new Own Risk and Solvency Assessment (ORSA) requirements taking effect for insurers in the U.S. this year won't affect its ratings process much at all. "Most carrier filing an ...
Greenberg Says Starr Well-Positioned to Leverage Opportunities in Cuba
Starr Companies is "well-positioned" to help clients take advantage of opportunities made available by recent U.S. regulations easing restrictions on travel to Cuba, according to Starr International ...
Berkshire Hathaway Specialty and Ironshore Fill Out Singapore Teams
Both Berkshire Hathaway Specialty Insurance and Ironshore International have filled executive positions in Singapore, with a mandate of adding new customers in the Asia/Pacific region. Berkshire ...
Swiss Re Eyes South Africa For Commercial Insurance Expansion
A division of Swiss Re has expanded into South Africa with a focus on commercial insurance coverage and services for mid-and large-sized corporate clients. Swiss Re Corporate Solutions' advance into ...
Chinese Insurer to Grab Starwood Capital’s Baccarat Hotel in NYC
Barry Sternlicht's Starwood Capital Group agreed to sell New York's luxury Baccarat Hotel to an affiliate of China's Sunshine Insurance Group. The 114-room property on Manhattan's West 53rd Street is ...
Dry Weather Threatens Russia’s Wheat Crop
When Russia's spiraling inflation drove up bread prices last year, a bumper wheat crop helped contain costs. The next harvest isn't looking so good. Dry weather left wheat vulnerable to damage this ...