International
Insurers Face Tougher EU Scrutiny on Pay
Insurers from Prudential Plc to Axa SA face tougher European Union oversight of compensation as the bloc seeks to crack down on awards that could spur irresponsible risk taking. Draft European ...
Insurance Details on Loss of Malaysian Air Flight MH370 Clouded
Very few details have been released by the re/insurance industry related to the missing Malaysian Airlines flight MH370, which has caused some minor confusion as to the re/insurers providing coverage ...
China Orders Insurers to Halt Sales of Smog Insurance
Chinese regulators have told the country's two largest insurers to stop selling coverage against smog, a week after such policies were launched, the China Daily reported. The newspaper did not say ...
IPCC Japan Meeting Aims for ‘Comprehensive Assessment’ on Climate Change
The Intergovernmental Panel on Climate Change (IPCC) announced that government representatives and scientists opened a five-day meeting Tuesday that aims to "finalize a report assessing the impacts ...
Lloyd’s Profits for 2013 Near $5.3B
Lloyd's announced a profit of $5.29 billion for 2013, compared to $4.63 billion in 2012. Gross written premium increased to $43.14 billion, and Lloyd's noted that its capital position further ...
Internationalizing China’s Yuan Could Bring ‘Seismic Shift’ to Global Financial Landscape
China realizing its ambitions to internationalize the yuan is likely to be a "seismic event" for global markets, leading to large capital flows and perhaps a new reserve currency, a top Australian ...
RSA Insurance CEO’s First Year Compensation May Top $9 Million
RSA Insurance Group Plc Chief Executive Officer Stephen Hester, drafted in to turn around the U.K. insurer, may be paid as much as 5.6 million pounds ($9.3 million) for his first 12 months in the ...