International
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 ...
China Retailer Counters Food Safety Scares With Baby Milk Insurance
A Chinese retailer is offering insurance to customers who buy infant milk powder, highlighting the lengths to which companies are going to address concern about food safety in China. Suning Commerce ...
Allied World Paying $215M for RSA’s Hong Kong and Singapore Business
Allied World Assurance Company, Ltd. will fork over at least $215 million for RSA Insurance Group's Hong Kong and Singapore business, fueling further expansion for the mega-insurer in Asia. The cash ...
The Dead and Missing Rise in Japan Landslide Tragedy
Rescue workers battled through mud for a second day in search of dozens of people still missing after torrential rain triggered landslides in the western Japanese city of Hiroshima that killed 39 ...
Global Bank Giants Face U.S. Warnings Over Risk Assessment Practices
U.S. regulators are sending some of the biggest global banks verbal warnings as they crack down on the firms' poor grasp of their own weaknesses, and push for rapid improvements in risk assessment, ...
Fitch Upgrades Rating for Hannover Re
Hannover Re has worked to maintain steady earnings and reduce its financial leverage, and Fitch Ratings has recognized the company with a ratings upgrade. Fitch said it has boosted the insurer's ...
Allied World Names New Reinsurance Head to Confront Tough Market
Allied World Assurance Company Holdings has named John Bender as its new CEO for global reinsurance operations, giving him broader responsibility for a crucial division at the company that has ...