News
London’s ‘One Re’ Plans Expansion Into 38 African Countries by 2015
One Re Ltd., the first reinsurer approved under Britain's "twin peaks" system of financial regulation, said it's seeking clients across 38 African countries in the next year as growth outpaces ...
Arch Agrees to Take Full Ownership of Gulf Re
Arch Capital Group Ltd. agreed to take complete ownership of Gulf Reinsurance Ltd. after losses on a venture that was backed by oil-producing nations. Arch will also take on liabilities from ...
RenRe’s Deal for Platinum Could Spur More Reinsurance M&A: Fitch
The $1.9 billion cash-stock deal by RenaissanceRe Holdings Ltd. for Platinum Underwriters Holdings could spark more merger and acquisition activity among reinsurers, Fitch Ratings said last week, ...
Many Injured BP Oil Spill Workers Must Sue Again to Get Paid
BP Plc, having pledged billions of dollars for damages caused by the 2010 Gulf of Mexico oil spill, won't have to make payouts any time soon to more than 95 percent of the workers hurt while cleaning ...
Airborne Cars May Be Flying Over Traffic Within 3 Years
The first time Carl Dietrich brought his flying-car concept to the Experimental Aircraft Association's annual AirVenture gathering in Oshkosh, Wisconsin, he had only a video to show the aviation ...
World Bank Says Some Climate Change Impacts Unavoidable
Some future impacts of climate change, such as more extremes of heat and sea level rise, are unavoidable even if governments act fast to cut greenhouse gas emissions, the World Bank said in late ...
Swiss Re: Emerging Markets to Push 2015 Premium Growth
Global non-life insurance direct premiums will grow moderately over the next few years, Swiss Re predicts in a new report. A surging emerging market is expected to generally balance out stagnant and ...
Risk and Insurance Experts Predict Thanksgiving NFL Winners, Losers
Ah, Thanksgiving. A time for family, good meals and joy—unless your team epically fails on national television, stirring your gut into an acidic cauldron of turkey, stuffing, cranberry sauce and ...