International
Thousands in Canada Lose Power After Arthur’s Atlantic Tantrum
Crews were working to bring back electricity to thousands of homes in Atlantic Canada Sunday after post-tropical storm Arthur swept through the area. More than 130,000 customers of New Brunswick ...
Governments Will Gain Free Access to RMS Cat Modeling Technology
RMS said it will give governments free access to its new catastrophe modeling software program through a new initiative with The World Bank and United Nations. A particular goal here is to increase ...
Swiss Re to Grab Chinese Insurer From RSA For $120M
Swiss Re disclosed it is snatching up a Chinese company from RSA Insurance Group for about $120 million as part of a plan to grow its corporate insurance arm. The Zurich reinsurance giant said its ...
Insurance Trade Agreements Are Good for Consumers and Markets: PCI Opinion
You can be sure critics are already getting ready to pounce on a preliminary draft of the financial services section of the Trade in Services Agreement (TiSA), invoking the usual rhetoric about the ...
How Much Is It Worth to Skip Airport Security Lines?
Benet Wilson is one of the 2.5 million Americans who have paid a yearly fee to skip security lines at airports and thinks it's worth every penny she paid for a five-year membership in the Global ...
Swiss Re: Emerging Markets Drove 2013 Non-Life Premium Growth
While global non-life insurance premiums increased in 2013, their growth rate dipped compared to the previous year. The slowdown could have become even worse, but robust coverage demands in most ...
RSA Lures Another Zurich Executive
RSA Insurance Group Plc hired a second Zurich Insurance Group AG executive to run its U.K. and European units, said two people with knowledge of the matter. Steve Lewis, chief executive officer of ...
ACE Now Has Major Stake in Siam Commercial Samaggi Insurance
ACE Limited has announced that the company and its local partner have acquired, through a mandatory tender offer, an additional 32.17 percent in The Siam Commercial Samaggi Insurance PCL (SCSMG), a ...