Officials urged thousands of Australians to flee their homes as rising floodwaters from three days of wild weather threatened to wash away their homes. Nine people have been killed since the storms began Friday near the port city of Newcastle, …
The leaders of more than 20 of the world’s largest companies – many from the insurance industry* – have signed a “Declaration on Climate Change by the Financial Services Sector.” The document, published by the United Nations Environment Program (UNEP) …
A passenger train and truck collided at a rail crossing in southern Australia Tuesday, killing at least eight people and injuring up to 50, police said. Authorities suggested the death toll could go higher since rescuers were still sifting through …
Insurance Australia Group Limited (IAG) announced that its planned investment in China Pacific Property Insurance Company (CPPI) has been “suspended.” However, IAG then stated: “barring any substantial changes in CPIC’s [China Pacific Insurance Co.] short-term strategy, it is unlikely to …
Australia’s QBE Insurance Group Limited became a major player in the U.S. market with the closing of its acquisitions of Praetorian Financial Group and Winterthur US. All of the parties involved – France’s AXA Group; Germany’s Hannover Re and QBE …
Standard & Poor’s Ratings Services has affirmed its “A+” insurer financial strength and counterparty credit ratings on the core operating entities of Australia’s QBE Group. S&P also affirmed its “A-” insurer financial strength and counterparty credit ratings on the group’s …
Managing catastrophe risk is one of the biggest challenges facing any company’s risk manager. For multinational companies, the challenge of managing catastrophe risk is especially daunting. In the United States, risk managers have access to the latest information and tools …
Multinational businesses face serious challenges when managing catastrophe risk Managing catastrophe risk is one of the biggest challenges facing any company’s risk manager. For multinational companies, the challenge of managing catastrophe risk is especially daunting. In the United States, risk …
The previously announced purchase of Wisconsin-based insurer General Casualty, its U.S. holding company, and sister company Unigard Insurance Group (Bellevue, Wash.) by Australia-based QBE Insurance Group was completed May 31st. QBE, based in Australia, announced completion of the $1.16 billion …
Paris Re Holdings has taken the first step towards an initial public offering of its shares by registering with the Autorité des Marchés Financiers (AMF), the French stock market regulator. The Company, which indicated its assets at $2.091 billion, said …
