The stricken Iranian oil tanker in the East China Sea could burn for as long as one month, South Korea’s Ministry of Oceans and Fisheries told Reuters on Wednesday, as the blaze raged for a fourth day following a collision …
Allianz Group has agreed to acquire the legal protection insurer DAS Switzerland and the assets of DAS Luxembourg and Slovakia from German insurance group ERGO Group AG, the Munich Re subsidiary. The acquisition will strengthen the competitive position of Allianz …
Prime Minister Theresa May has appointed a former management consultant John Glen as the new City minister to oversee a financial services sector facing upheaval as Britain prepares to leave the European Union. Glen, whose formal title is economic secretary …
Women occupied only around 9 percent of top management jobs in Germany’s finance industry in 2017, and the pace at which the gender gap is narrowing has slowed in recent years, according to a study on Wednesday. Only one of …
Fidelis Insurance has promoted Richard Coulson to the position of chief underwriting officer of Fidelis Underwriting Ltd. (FUL). He takes up this role with immediate effect and reports to Daniel Burrows, chief executive officer of FUL. Coulson joined Fidelis in …
The majority of all auxiliary engine damage takes place immediately after maintenance work in vessels, according to an investigation by The Swedish Club, a protection & indemnity marine insurer. A key finding is that 55 percent of casualties occur within …
Malaysia’s government said Saturday that it has approved a new attempt by a private company to find the wreckage of Malaysia Airlines Flight 370, nearly four years after its disappearance sparked one of aviation’s biggest mysteries. The Houston, Texas-based company …
Strong winds, high waves and toxic gases are hindering dozens of rescue boats struggling to locate missing sailors from a stricken oil tanker in the East China Sea and to extinguish a fire that has burned for the past three …
AXIS Capital Holdings Ltd. announced it has received authorization from Lloyd’s for AXIS Managing Agency Ltd. to commence the management and oversight of Novae Syndicate 2007 and SPS 6129 after its acquisition of Novae in October 2017. The authorization became …
Parametric insurance can play a significant role in closing the insurance protection gap – a problem that plagues economies in both the developing and developed world, according to a report published by Clyde & Co. The protection gap is the …
