International
Zurich’s Generous Dividends Could End in Wake of Senn’s Departure
As Zurich Insurance Group AG begins the search for a chief executive officer, investors may need to prepare for more than a new face. An end to the company's generous dividends could also be on the ...
Anadarko Petroleum Must Pay Nearly $160M for 2010 Gulf Spill, Below U.S. Wishes
Anadarko Petroleum Corp. was ordered to pay almost $160 million for its role as part-owner of the doomed Gulf of Mexico well that in 2010 caused the biggest offshore oil spill in U.S. history. The ...
Rudder System Failure Behind AirAsia 8501 Crash
AirAsia Flight 8501's pilots effectively wrestled each other at the controls as they sought to fight off an electronics-system failure, dooming the plane and the lives of all 162 people on board last ...
Eight Lloyd’s Syndicates Commit $400M Capacity to Fill Cat Protection Gap
Eight Lloyd's syndicates are joining forces to tackle the problem of underinsurance in emerging economies across Latin America, Africa, and Asia—committing capacity of $400 million towards ...
EC Finds Solvency II Equivalence for Bermuda
The Bermuda Monetary Authority (the Authority) and several international insurance organizations confirmed the European Commission's publication of a Delegated Act recognizing the equivalence of ...
Climate Change Will Spur Future Sovereign Ratings Downgrades: S&P
Thailand's credit rating downgraded by two levels. Dominican Republic lowered one grade. These are not real news headlines yet, but could be, according to scenarios outlined by Standard & Poor's. ...
Kramer, De Mey, Dionne Nominated for 2016 Insurance Hall of Fame
The International Insurance Society (IIS) has announced three candidates for the 2016 Insurance Hall of Fame: Donald Kramer, chairman and chief executive officer, ILS Capital Management; Jozef De ...
Pre-Climate Conference Report: Rate of Weather Disasters Doubled in 20 Years
Weather-related disasters such as floods and heatwaves have occurred almost daily in the past decade, almost twice as often as two decades ago, with Asia being the hardest hit region, a U.N. report ...