Risk Management Solutions has completed work on a model dealing with Australia’s three greatest perils. RMS announced the phase one release of its “Australia Severe Convective Storm Model®, covering damage from hailstorm, water ingress, downburst winds, and tornadoes.” These storms …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Spain’s MAPFRE RE, Compania de Reaseguros, S.A., but bothratings have negative outlooks. The ratings reflect MAPFRE RE’s “integral role” within the …
Arthur J. Gallagher, Specialised Broking Chicago-based global insurance brokerage firm Arthur J. Gallagher & Co. has acquired the remaining 60 percent equity interest in Specialised Broking Associates Pty. Ltd, (SBA) headquartered in Perth, Western Australia. Terms of the transaction were …
Arthur J. Gallagher, Specialised Broking Chicago-based global insurance brokerage firm Arthur J. Gallagher & Co. has acquired the remaining 60 percent equity interest in Specialised Broking Associates Pty. Ltd, (SBA) headquartered in Perth, Western Australia. Terms of the transaction were …
Asia’s heavy monsoons, a record heatwave in Russia and severe droughts in Africa show the need for new yardsticks to rate extreme weather to guide everybody from road builders to insurance companies, a U.N. expert said on Friday. Scales exist …
ACE European Group named Steve Dixon as regional managing director, ACE Middle East and North Africa (MENA). Dixon succeeds Giles Ward, who has led ACE MENA since 2006, now appointed to the position of CEO for ACE Australia & New …
Warren Buffett’s Berkshire Hathaway Inc. said Friday second-quarter profit fell 40 percent, as declining stock prices depressed the value of his derivative contracts. Operating profit nevertheless soared 73 percent, helped by the February takeover of railroad operator Burlington Northern Santa …
Securities lawsuits against BP and Toyota may be substantially narrowed, thanks to a recent Supreme Court decision. On June 24, 2010, in a long-awaited decision that will affect the circumstances under which non-U.S. companies can be sued under U.S. securities …
China is set to overtake Japan as the world’s second-largest economy in a resurgence that is changing everything from the global balance of military and financial power to how cars are designed. By some measures it has already moved to …
Aon reported net income of $153 million in the second quarter 2010, compared to $149 million for the prior year quarter. Net income from continuing operations increased 22 percent to $179 million, compared to $147 million for the prior year …
