Financial Markets Warned Aging Population Means End to Savings Glut February 24, 2015 By Jamie McGeever The global “savings glut” that has driven stocks to record highs and bond yields to record lows will soon start...
U.K. Regulator Fines Aviva $27 Million for Failing to Manage Conflicts of Interest February 24, 2015 By Suzi Ring Aviva plc was fined 17.6 million pounds ($27.2 million) by the U.K. financial markets regulator for failing to manage conflicts...
Internet Domain .insurance to Be Available By End of 2015 February 24, 2015 The top-level Internet domain “.insurance” should be available to to the industry late this year, according to a financial services-backed...
BP Appeals Ruling on Gulf Oil Spill Size February 24, 2015 BP Plc on Monday appealed a federal judge’s finding of the size of the 2010 Gulf of Mexico oil spill,...
Hagerty to Join RenRe Board as MacGinnitie Steps Down February 24, 2015 Bermuda-based RenaissanceRe Holdings Ltd. announced that W. James (“Jim”) MacGinnitie, 76, who has served as a member of the Board...
Lloyd’s Appoints First General Representative in South Korea February 24, 2015 Lloyd’s has appointed Jin-Yung Sun as its first general representative in South Korea. Sun has worked in the (re)insurance industry...
CN Derailment Shows Inadequacy of New Oil Tank Cars Says Canada’s TSB February 24, 2015 A train derailment in Canada this month that set ablaze several new-model tank cars carrying crude oil shows the need...
Specialist Yacht Syndicate Launches Enhanced Accident Coverage February 24, 2015 Yachtowners, the specialist yacht syndicate of The Shipowners’ P&I Club, has launched an additional service for those owners who have...
QBE Returns to Profit During 2014 as North American Unit Improves February 24, 2015 By Narayanan Somasundaram QBE Insurance Group Ltd., Australia’s second-largest insurer by market value, climbed the most in four years in Sydney stock trading...
After Riots, Authorities Regain Control of Texas Prison February 23, 2015 Officers have regained control of a South Texas prison where inmates had set fires and caused significant damage after taking...