International
RMS Conducts Risk Analysis for QBE’s $250M VenTerra Re Ltd. Cat Bond
Catastrophe modeler RMS announced Tuesday that the company conducted the risk analysis for a new catastrophe bond issued by VenTerra Re Ltd, a special purpose vehicle for investors. The bond, ...
Zurich Insurance Names AIG’s Dickie Chief Operations Officer
Zurich Insurance Group AG, the biggest Swiss insurer, appointed Robert Dickie as chief operations and technology officer, filling the last open position after a string of executive departures. ...
Goodyear Execs Released After ‘Boss-Napping’
French trade unionists released two executives on Tuesday after holding them for more than 24 hours at the country's Goodyear tire plant to demand higher payouts for more than a thousand planned ...
European Winter Storm Season Most Severe Since 1990: RMS
The 2013-2014 winter storm season has seen the most severe sequence of storms since 1990, says Robert Muir-Wood, chief research officer at RMS. The storm systems are the result of a strong jet stream ...
Typhoon Haiyan, European Storms Top 2013 Natural Catastrophes: Munich Re
Typhoon Haiyan and exceptionally high losses from weather-related catastrophes in Europe dominated the overall picture of natural catastrophes in 2013, according to Munich Re. Floods and hailstorms ...
Mexico to Mandate Auto Coverage in Push Toward ‘Culture of Insurance’
President Enrique Pena Nieto is giving the car insurance market a boost with a plan to mandate policies on federal highways in Mexico, where almost three in four drivers lack coverage. Congress ...
U.S. Judge Orders RBS Unit in Japan to Pay $50M Over LIBOR
A Japanese investment banking unit of Royal Bank of Scotland Group Plc was ordered on Monday to pay a $50 million criminal fine after pleading guilty to wire fraud over its role in manipulating the ...
Botched Geological Studies at Center of Panama Canal Expansion Cost Dispute
Flawed geological studies of the terrain of the Panama Canal by its operator has led to big cost overruns in the project to expand the waterway, the building consortium at the center of a dispute ...