International
New ACE Terror/Violence Coverage Addresses Bomb Threat Hoaxes, Looting and More
ACE Group is marketing new multinational insurance coverage to help businesses handle fast-evolving terrorism and political violence problems. The policy addresses a wide range of areas including ...
Typhoon Update: Northeast Philippines Hit on Sunday
Slow-moving Typhoon Koppu weakened after blowing ashore with fierce winds in the northeastern Philippines on Sunday, leaving at least one person dead and six others missing, while displacing 16,000 ...
Institutional Investors Drove IAG Pullback from China Strategy: Reuters
When Insurance Australia Group , the country's largest general insurer, announced ambitious plans in June to ramp up its business in mainland China, several institutional investors including Jason ...
Germany Orders Volkswagen to Recall 2.4M Rigged Diesel Cars
The German government forced Volkswagen AG to recall about 2.4 million diesel cars after throwing out the carmaker's proposal for voluntary repairs, setting off a chain reaction by authorities across ...
Insurance Execs May Also Face U.K. ‘Duty of Responsibility’ Bank Rules
Executives at UK insurers, mortgage brokers and payday-loan companies will be covered by the same "duty of responsibility" as those in banks under legislation introduced in Parliament Thursday. The ...
Air Accidents Are at a Record Low
As the spotlight falls on Dutch crash investigators and their high profile probe into the downing of a Malaysian airliner, air accident detectives worldwide are waging a much more discreet daily ...
W.R. Berkley Unveils South Africa-Focused Treaty Unit
W.R. Berkley Corp. is turning to South Africa as the target of its latest business unit, which will be focused on working with both regional insurers and brokers. Chairman and CEO William R. Berkley ...
PartnerRe Losses From Tianjin Explosion Estimated at $50M-$70M
PartnerRe, soon to be acquired by the Italian investment firm EXOR, has chimed in with initial loss estimates from the Tianjin explosion in China. The Bermuda-based reinsurer said its Tianjin-related ...