International
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 ...
Aviva Hits 2008 High as Profit Beats Estimates; CEO Restores Bonuses
Aviva Plc rallied to its highest in more than five years after profit beat analysts' estimates, and Chief Executive Officer Mark Wilson said he planned to restore bonuses at the U.K.'s second-biggest ...
China Likely to Turn to Insurers, Pension Funds for Private Capital
As China embarks on a new wave of opening up state-dominated industries to private capital, foreign firms will largely be kept out and authorities are likely to look to institutions like domestic ...
Lawyer Says S&P’s Global Biz at Risk on Australia Liability Ruling
Standard & Poor's global business may be at risk after an Australian judge ruled the company misled investors with triple-A ratings on derivatives whose value plunged during the global financial ...
Guy Carpenter Promotes Reina to CEO, Continental Europe & MENA
Guy Carpenter & Co. on Wednesday announced that Massimo Reina has been promoted to the position of CEO of Continental Europe and MENA, with immediate effect. He succeeds Peter Stubbings, who has ...