Markets
HCC Specialty Forms Strategic Alliance With Weather Analytics
Specialty insurance underwriter HCC Specialty has formed a new strategic alliance with Maryland-based Weather Analytics, an innovative provider of precision climate and weather data and analytics. ...
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 ...
RBC is Reviewing Its ‘Volatile’ Property/Casualty Insurance Business
Royal Bank of Canada is reviewing its domestic property and casualty insurance business, Chief Executive Officer David McKay said, citing difficulties caused by rules that ban banks from selling ...
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 ...
Executives On The Move at Progressive, Hamilton, QBE and Arbella
We have a number of executive changes and board appointments to tell you about at Progressive, Hamilton Insurance Group, QBE North America and Arbella Insurance Group. Progressive said it has made a ...
UN: Global Natural Disasters Cost About $300B Annually
Global economic losses from natural disasters like earthquakes, floods, droughts and cyclones cost an average of $250-$300 billion annually, according to a recent U.N. report. The report, produced by ...
Air Travel Safer in 2014 Despite Malaysian Disasters
Last year was by some measures the safest in the history of commercial aviation, despite two high-profile crashes involving Malaysia Airlines aircraft in which hundreds of people were killed, a ...