International
Overcapacity Pushing Re Prices Down; Terms and Conditions Soft: Willis Re
Soft market reinsurance conditions are no longer unique to property-catastrophe business, Willis Re said yesterday, pointing to overcapacity as the key driver of Jan. 1, 2014 rates down on most ...
Bermuda Monetary Authority Appoints Gibbs as Director, Supervision (Insurance)
The Bermuda Monetary Authority announced the appointment of Andrew Gibbs to the position of Director, Supervision (Insurance) on Thursday. Reporting to Craig Swan, Managing Director, Supervision, ...
Non-Cat Lines Impacted by Re Rate Drops at 1/1: Guy Carp
Reinsurance brokerage Guy Carpenter reported that its Global Property Catastrophe Reinsurance Rate-on-Line Index fell by 11 percent for the Jan. 1, 2014 renewal and that rate cuts spilled over to ...
CoreLogic Acquires Catastrophe Modeler EQECAT
CoreLogic, an Irivine, Calif. company that provides the insurance, financial services and real estate industries with data and analytics, has acquired catastrophe modeling firm EQECAT from ABS Group. ...Indonesia Cave Reveals History of Ancient Tsunamis
A cave discovered near the source of Indonesia's massive earthquake-spawned tsunami contains the footprints of past gigantic waves dating up to 7,500 years ago, a rare natural record that suggests ...Trio of European Winter Storms Cause Flooding, Wind Damage
While wind damage has been significant, most of the loss from three winter storms in Europe late last week is coming from flooding, AIR Worldwide reported Saturday. A series of three winter ...
Biggest Hurdles Yet to Come in Strengthening Global Financial System
"What a week," tweeted European Union financial services chief Michel Barnier last Thursday after securing an agreement on how to wind up failed banks without making the region's taxpayers foot the ...
Appeals Court Reinstates Alien Tort Lawsuit Against Multinational Firms
A lawsuit against a unit of Nestle SA and two other companies alleging children were forced to work as slave labor on cocoa plantations in Ivory Coast was reinstated by a federal appeals court. The ...