CEO Mike Hawker announced at the Insurance Australia Group Limited’s annual general meeting that IAG intends to make its global operations “carbon neutral within five years.” “As an insurance company we have been very concerned about the risks and impact …
Dr. Thomas Loster, a geographer who advises the Munich Re Foundation, told those attending the current United Nations Environment Program (UNEP) Conference in Nairobi that, “Most insurance and re-insurance companies have no doubt that the rising tide of losses from …
France’ SCOR group announced that it has received the approval of the China Insurance Regulatory Commission (CIRC) for a reinsurance license in China “that will enable it to open a branch in Beijing with a view to conducting property & …
The Boards of Directors of Catlin Group Limited and Wellington Underwriting Plc have agreed on the terms of a recommended Offer to be made by Catlin for the whole of the issued and to be issued share capital of Wellington. …
OneBeacon, QBE OneBeacon Insurance Group completed its renewal rights and asset sale agreement to transfer its agricultural division to QBE the Americas, a wholly owned division of QBE Insurance Group Ltd., for approximately $32 million. From offices in Kansas, the …
OneBeacon, QBE OneBeacon Insurance Group completed its renewal rights and asset sale agreement to transfer its agricultural division to QBE the Americas, a division of QBE Insurance Group Ltd., for approximately $32 million. From offices in Kansas, the new division …
Two of Australia’s largest financial/insurance groups, Suncorp-Metway Limited and Promina Group Limited, announced on Friday, Oct. 21, that they have entered into a Merger Implementation Agreement (MIA), which proposes that Suncorp will acquire all of Promina’s ordinary shares for approximately …
On Sept. 29, OneBeacon Insurance Group completed its previously announced renewal rights and asset sale agreement that transfers its agricultural division to QBE the Americas, a wholly owned division of QBE Insurance Group, Ltd., for approximately $32 million. From officies …
Insurance Australia Group Limited (IAG) has acquired the U.K.-based broker Hastings Insurance Services Limited, the UK’s fifth largest motor insurance broker trading under the names of Hastings Direct and Peoples Choice. Australia’s largest insurer also acquired Advantage Insurance Company Limited, …
Oakland, Calif.-based EQECAT Inc., an affiliate of ABSG Consulting Inc. and an extreme-risk modeling company, announced that during the first eight months of 2006, it conducted seven risk analysis projects for catastrophe bond transactions totaling $1.9 billion. “While it is …
