Dutch oil industry services firm Fugro is to lead Australia’s search of the Indian Ocean seafloor where missing Malaysia Airlines flight MH370 is believed to lie, hoping to solve the mystery of its disappearance five months ago. Australia on Wednesday …
Swiss Re Ltd. Chief Financial Officer David Cole expects consolidation in the reinsurance market as oversupply of capital squeezes prices. “Selling property and casualty reinsurance is becoming more difficult for us as well,” Cole, 53, said in an interview in …
The UK’s RSA Insurance Group Plc swung to a profit in the first half and plans to resume shareholder payouts in the full year as CEO Stephen Hester continues to turn around the insurer. Pretax profit was £69 million ($116 …
Munich Re, the world’s biggest reinsurer, said second-quarter profit rose 45 percent helped by higher investment income. Net income advanced to €765 million ($1.02 billion) from €528 million [$706 million] a year earlier, the company said in a statement today. …
Zurich Insurance Group AG, Switzerland’s largest insurer, said second-quarter profit rose 6 percent as it took fewer losses from natural catastrophes. Net income rose to $837 million from $789 million a year earlier, the Zurich-based insurer said in a statement …
The death toll in southern China’s earthquake jumped from 410 to 589 on Wednesday as search and rescue teams found scores more bodies while pushing into isolated mountain communities to clear debris from collapsed homes. The Yunnan provincial government said …
Hurricane Iselle, which has been tracking toward Hawaii since last week, is projected to make landfall on the Big Island of Hawaii Thursday night local time, according the catastrophe modeling firm AIR Worldwide. Iselle has weakened to a Category 1 …
Seattle, Wash.-based AssureStart has named Chad Zenner as its new chief marketing officer. Zenner will drive AssureStart’s digital marketing and branding activities as well as work to enhance the online customer experience on AssureStart.com. Zenner joins AssureStart from Principal Financial …
Chrysler and Nissan said they are reviewing a report by well-known cyber security experts that rates their vehicles among the three “most hackable” cars on the market, along with a General Motors model. Computer security researchers Charlie Miller and Chris …
There were 165 announced merger and acquisition transactions of insurance agencies in the U.S. and Canada in the first six months of 2014, a jump of nearly 40 percent over the same period in 2013. Also, according to an OPTIS …
