International
QBE Begins Payouts for Spain Train Victims
Australian insurance group QBE said on Thursday it had set aside 2.75 million euros ($3.64 million) for the immediate needs of those affected by last week's train crash in Galicia in northwest Spain, ...
Renewable Energy Insurance Market Could Triple By 2020: Report
The renewable energy industry could be spending three times as much on insurance every year by 2020 to mitigate risks to projects, says a new report by Bloomberg New Energy Finance sponsored by Swiss ...
Corporate Risk Consultants Uneasy After China’s Detention of Investigators
The detention by Chinese authorities of a British corporate investigator and his American wife in the wake of a corruption probe into pharmaceutical giant GlaxoSmithKline has had a chilling effect on ...
TD Bank Faces Insurance Loss Due to Flood Claims
Toronto-Dominion Bank , Canada's second-largest lender, said it will take a third-quarter charge after tax of C$418 million ($406 million) due to recent severe weather in Alberta and Ontario and to ...S.A.C. Re Under Review; Reputational Risk Among Challenges: A.M. Best
On Tuesday, A.M. Best Co. announced that the rating agency has placed the financial strength rating of "A-minus" (excellent) and issuer credit rating of "a-minus" of S.A.C. Re, Ltd. (SAC Re) under ...
Loeb’s Third Point Re Increases IPO Target to $345 Million
Third Point Reinsurance Ltd., which counts hedge-fund manager Daniel Loeb as a founding shareholder, increased to $345 million the amount it is targeting in an initial public offering. The figure, ...
Hiscox Reports Profit Up 44%; Combined Ratio at 74.7%
Hiscox Ltd. surged the most in more than four years after the second-biggest Lloyd's of London insurer by market value reported better-than-expected first-half profit and increased its dividend. The ...
Allianz, QBE to Face Most Claims from Spain Train Derailment
Germany's Allianz and Australian group QBE bear the bulk of the insurance liability from this week's fatal train crash in northwest Spain, according to sources at the companies. While Allianz's ...