Reinsurance
Allianz Pushes Into Peru With Reinsurance Expansion
Allianz Group is expanding its industrial and corporate reinsurance business into Peru, a move the German company said reflects its continued focus on growth in emerging markets around the world. ...
German Insurers May Cover Country’s Infrastructure Funding Shortfall
Germany's insurers said they may back a government call to invest in infrastructure to help cover an annual 7 billion-euro ($9 billion) taxpayer shortfall to repair roads and bridges. The GDV, the ...
Post-Quake Napa Rushes to Deal With Damage
Wineries and hospitality businesses in and around Napa, California, near the epicenter of the worst earthquake to hit the area in 25 years, rushed to clean up rubble and broken glass ahead of the ...
Tropical Storm Cristobal Veers Away From U.S.
Tropical Storm Cristobal slowly moved north in the Atlantic, dumping heavy rain on the Bahamas and Turks and Caicos islands on a track away from the U.S., the National Hurricane Center said. ...
EQECAT: Napa Valley Quake Insured Losses Could Reach $1B or More
The magnitude 6.1 earthquake that struck Napa Valley and the San Francisco Bay area of California could end up causing between $500 million and $1 billion of insured losses or more, according an ...
Zurich, AIG and ACE Among Insurers Likely Hit by Napa Valley Quake
The earthquake that struck northern California yesterday will lead to economic losses of as much as $4 billion, fueled by damaged wineries and shuttered businesses that rely on tourists. Insurers ...
Iceland Retracts Volcanic Eruption Warning But Monitoring Continues
Iceland is monitoring rumbling at the Bardarbunga volcano for a second week after it yesterday retracted an announcement of an eruption and eased a warning to airlines over a possible ash plume. The ...
Deadly Landslides Hamper Hiroshima Rescue Efforts
Military, police and fire personnel searched through the night for missing victims after downpours in Hiroshima triggered a series of deadly landslides this week. The death toll rose to 42, with 43 ...