International
Latest New Zealand Quake Adds to Growing List in Region, AIR Says
Reporting on the latest earthquake to strike New Zealand earlier this week, catastrophe modeling firm AIR Worldwide said the magnitude 6.2 quake was one of many to shake the region over the years. ...
Expect Nothing ‘Radical’ in 2014 for Reinsurance Prices: Allianz Re CEO
Property and casualty reinsurance rates, which fell in seven of the last 10 years, probably won't rebound in 2014, the head of Allianz SE's reinsurance arm said. "Last year's catastrophe activity was ...
BMA Stats Show Bermuda Insurer Registrations Jumping Over 70% in 2013
According to the Bermuda Monetary Authority, Bermuda registered 91 new insurance companies in 2013, with the figure representing a 72 percent jump over the 53 firms registered in 2012. The new ...
Iglesias Succeeds Knight as President of Allied World North America
Allied World Assurance Company Holdings, AG has appointed Lou Iglesias as president for Allied World North America. Iglesias is currently president, U.S. Property & Casualty. He succeeds Gordon ...
Income Inequality Now Top Global Risk, Says World Economic Forum
The chronic gap between the incomes of the richest and poorest citizens is seen as the risk that is most likely to cause serious damage globally in the coming decade, according to over 700 global ...
U.N. Report Outlines Climate Change Solutions
Governments may have to extract vast amounts of greenhouse gases from the air by 2100 to achieve a target for limiting global warming, backed by trillion-dollar shifts towards clean energy, a draft ...
Merger of German Public-Sector Insurers Unlikely: Fitch
German public-sector insurers, which include Versicherungskammer Bayern and Provinzial Nordwest Holding AG, are unlikely to merge, Fitch Ratings said. "There is no requirement for such a high number ...
Natural Gas Exports Debated
The debate over exporting liquefied natural gas is intensifying as the Energy Department considers an array of applications to ship the fuel to Japan, India and other countries where prices are far ...