International
Consortium of 20 Insurers Offers Coverage for Derivatives Clearinghouses
A group of insurers is for the first time offering to shoulder risk for clearinghouses backing hundreds of millions of derivatives trades, proposing more protection in markets where a collapse could ...
Loss of 20 Employees on Malaysian Plane Stirs Questions About Corporate Travel
The loss of 20 key Freescale Semiconductor employees in the disappearance of a Malaysian airliner on Saturday raises questions about whether the company should have allowed so many of them to board ...Zurich Insurance to Cut 800 Jobs by 2016
Zurich Insurance Group AG, the biggest Swiss insurer, plans to save $250 million annually by cutting as many as 800 jobs after lowering its profit goal in December, the company said. Zurich plans to ...
XL Group Launches Automotive Recall Plus
The global insurance segment of XL Group plc last week announced the launch of Automotive Recall Plus, designed for the automotive supplier industry in Germany, Austria and Switzerland. The new ...
February Storms’ Insured Losses Top $1.5B Globally: Aon Benfield
The latest Global Catastrophe Recap report from Aon Benfield's Impact Forecasting reveals that February storms led to insurance payouts of more than $1 billion globally. Japan experienced record ...
Early Warning: El Nino Could Strike by Summer
The much-feared El Nino phenomenon, the warming of sea surface temperatures in the Pacific which can trigger drought in Southeast Asia and Australia and floods in South America, could strike as early ...
AIG Launches Bermuda Segregated Accounts Company
In response to strong demand for alternative risk financing programs, particularly from small and midsize companies globally, American International Group Inc. on Friday announced the launch of Grand ...
RSA Insurance Poaches Zurich Exec Norgrove for Irish Unit
RSA Insurance Group Plc named Ken Norgrove as chief executive officer of its Irish unit as the company seeks to put a scandal in Ireland that led to a $1.3 billion rights issue behind it. Norgrove ...