Reaching out across the world, the Insurance Journal Web site, Insurance Journal Online, recorded more than 85,000 impressions from outside the U.S. in the month of November. Mitch Dunford, vice president of sales and marketing, noted, “We have been amazed …
In a yearly review released today Munich Re calculates the overall economic losses from natural and man-made catastrophes in 2002 at a staggering $55 billion, compared to $35 billion last year. However, the world’s biggest reinsurer estimated that insured losses …
The Paris-based SCOR Group confirmed that it has completed the previously announced subscription and sale of the equivalent of 99 million new shares, raising 381 million Euros ($390 million). The new funds came mostly from European investors – No securities …
Special Risk Insurance and Reinsurance Luxembourg S.A. (SRIR), established last March by Germany’s Allianz AG, several other European insurers and Bermuda’s XL Capital, offers property and business interruption coverage for terrorist related risks. It’s helping to fill the need for …
When you’re compiling a list of top 10’s, there is always the fear of leaving someone off, admitting someone who maybe does not deserve the billing or having the players out of order of importance. Believe me, those thoughts crossed …
France’s SCOR Group announced that the subscription period for the preferential rights related to its capital increase came to an end on Wednesday. The company raised an estimated 381million Euros ($387 million). The offer was not registered, nor were any …
The worst series of bushfires in 30 years are currently burning out of control on the outskirts and in the suburbs of Sydney, Australia’s largest city; at least 20 homes have been destroyed and many others damaged. The fires, which …
Reaching out across the world, the Insurance Journal Web site, Insurance Journal Online, recorded more than 85,000 impressions from outside the U.S. in the month of November. Mitch Dunford, vice president of sales and marketing, noted, “We have been amazed …
The long anticipated job cuts at Peal Insurance, the loss making U.K. subsidiary of Australia’s AMP, have finally been announced. CEO Andrew Mohl said yesterday that the company plans on reducing its workforce by around 38 percent, which means around …
Boston-based Liberty Mutual Group announced that its subsidiary, Liberty International, has signed an agreement to acquire Winterthur’s Portuguese business units and branch offices, including its subsidiary companies Companhia Europeia de Seguros and Winterthur Pensoes. The terms of the deal were …
