W. R. Berkley Insurance (Europe), Limited announced that it has submitted a final application to the Australian Prudential Regulatory Authority (APRA) to establish a branch office in Australia. The new unit will be headquartered in Sydney, and conduct business under …
A powerful earthquake off western Indonesia triggered warnings of a potentially destructive tsunami across much of the Indian Ocean region Wednesday, meteorological agencies said. [IJ Ed. Note: Several powerful aftershocks also triggered Tsunami warnings, but as of 7:00 a.m. EDT, …
Standard & Poor’s Ratings Services’ new report – “Asia-Pacific Reinsurance Markets Remain Stable Despite Softening” – indicates that ratings on global and domestic reinsurers in the Asia-Pacific markets are expected to remain stable, “reflecting regional market growth, satisfactory underwriting results, …
Standard & Poor’s Rating Services has issued a series of reports on the global reinsurance industry, timed to appear as the annual Reinsurance Rendezvous opens its doors in Monte Carlo. The meeting, which features three days of talking, networking, deal …
Australian banking and insurance group Suncorp-Metway reported a 16.2 percent increase in net profit after tax to a record A$1.064 billion (US$877 million), which includes 15 weeks’ contribution from Promina, the insurer that Suncorp acquired through a merger agreement last …
Insurance Australia Group Limited (IAG) announced a net profit after-tax of A$552 million (US$452 million) or the full year ended June 2007, compared to the A$759 million (US$622 million) it reported last year. The Group’s insurance margin slipped to 11.4 …
Australia’s QBE Insurance Group reported a hefty 56 percent increase in after tax net profit for the half year to June 30, 2007 to a record A$921 million (US$740 million), compared to A$591 million (US$475 million) in H1 2006. “The …
In the past half dozen years, reports and statistics about a global resurgence of bed bugs have alarmed hoteliers and their guests. The resurgence has been particularly noticeable in parts of North America, Europe and Australia. These outbreaks have forced …
Prevention and response to outbreaks can save a hotel’s reputation while warding off litigation In the past half dozen years, reports and statistics about a global resurgence of bed bugs have alarmed hoteliers and their guests. The resurgence has been …
Bermuda-based Flagstone Reinsurance Holdings Limited had a rough second quarter of 2007 with net earnings down by 53 percent to $14.694 million, compared to $26.905 million in the second quarter of 2006. The Company’s combined ratio for the period rose …
