A presentation from the Geneva Association (GA), the international insurance think tank for strategically important insurance and risk management issues, calls for a long awaited dialogue between the industry and all levels of government in the face of the rising …
ANV Holdings BV, a Dutch-headquartered specialty insurance business, announced the launch of a new line of business, Transaction Risk Insurance (TRI) coverage. ANV will initially focus on providing locally compliant products in local languages for different regions, in particular for …
Standard & Poor’s Ratings Services announced that it has reviewed its ratings on 22 large global reinsurance groups by applying its new ratings criteria for insurers, which were published on May 7, 2013. (See the Ratings List for the ratings …
A report by Standard & Poor’s Ratings Services notes that “for the two main insurance sectors, life and property/casualty (P/C), overall industry and country risks are, on average, much lower in developed than in emerging markets.” S&P explained that it …
The European Insurance Forum, held in Dublin on the 9th and 10th of May, presented an opportunity to examine Ireland’s progress in overcoming the financial crisis that caused a severe recession beginning in 2008. It also highlighted the role played …
“Roundup the usual suspects;” here we go again. No, it’s not an unsolved murder in wartime Casablanca, simply the latest skirmish in the ongoing dispute over whether companies that write reinsurance in the U.S. market are using tax havens to …
In a move that is certainly not an April Fool’s Day joke, the Financial Services Authority (FSA), which has been responsible for regulating the UK’s financial services industry since 1997, including insurance regulation, has ceased to exist. It has been …
On the last day of February, international independent broker Cooper Gay Swett & Crawford (CGSC) made some significant changes in the management of its U.S. operations. In a telephone interview with Insurance Journal, CGSC Group CEO Toby Esser described them …
The global economy has been through economic recessions before, and has eventually recovered from them. This time around, however, it must do so while coping with the ever increasing menace of climate change – that makes it a whole new …
While 2012 wasn’t as tumultuous as 2011, it had its share of insurance shaking trends and events. Here in roughly chronological order are some of them: 1) The costs of the flooding in Thailand in 2011, wasn’t conclusively calculated until …
