London is famous for its numerous parks and gardens, but even those green spaces aren’t safe from pollution. The air in many city parks surpass legal limits for nitrogen oxide set by the European Union, according to data website Asiopendata.com. …
An Emirates jetliner was attempting to abort its landing at Dubai’s airport shortly before the plane hit the runway and burst into flames Wednesday, causing the worst aircraft loss in the airline’s 30-year history. All passengers and crew escaped from …
Munich Re, the world’s second-biggest reinsurer, reported second-quarter profit that beat analysts’ expectations as gains from currencies and investments cushioned higher claims from natural disasters and restructuring charges at its Ergo primary-insurance unit. Net income declined to 974 million euros …
A previously unknown hacking group variously dubbed “Strider” or “ProjectSauron” has carried out cyber-espionage attacks against select targets in Russia, China, Iran, Sweden, Belgium and Rwanda, security researchers said on Monday. The group, which has been active since at least …
Malaysia acknowledged for the first time that one of the pilots of Malaysia Airlines Flight 370 had plotted a course on his home flight simulator to the southern Indian Ocean, where the missing jet is believed to have crashed. Australian …
A.M. Best has assigned a financial strength rating of “A” (Excellent) and an issuer credit rating of “a” to UK-based Starr International (Europe) Ltd. (SIEL). The outlook assigned to each rating is stable. The ratings of SIEL reflect its excellent …
Echelon Financial Holdings Inc., an operator in the property/casualty insurance industry in Canada and Europe, primarily focused on providing non-standard automobile insurance and other niche and specialty insurance products, reported that it has entered into a definitive stock purchase agreement …
Bermuda-based PartnerRe Ltd. has appointed Jörg Bruniecki as head of Global Client & Broker Management, effective August 1. Responsible for ensuring that PartnerRe’s largest multinational clients experience a cohesive response to their needs, Bruniecki will report Charles Goldie, group executive …
Insurers who sell policies limiting executives’ liability from lawsuits have seen a surge in business thanks to a sprawling Brazilian corruption probe involving state-controlled Petroleo Brasileiro SA and a rash of corporate bankruptcies. The country’s so-called directors & officers (D&O) …
Ports in Japan, China and the U.S. face the greatest financial risk from natural disasters because of their vulnerable locations and increasing cargo volumes, a risk-management firm said. Nagoya, Japan, leads all ports with a potential $2.3 billion cost to …
