Two years into the global financial crisis, global reinsurers’ performance to date could be counted as an achievement, given the state of the financial services industry and the economy, says A.M. Best. The reinsurance industry entered 2009 with sound underwriting …
Bermuda-based Ariel Reinsurance Company Ltd. has opened a branch office in Zurich to engage in the writing of credit & surety reinsurance on a global basis starting with the 2010 renewal season. The Zurich Branch, located in Zurich’s main insurance …
The U.S. National Hurricane Center said Tropical Storm Danny was located about 575 miles south-southeast of Cape Hatteras, North Carolina, as of 8 a.m. EDT (Noon GMT) Thursday and packing winds near 60 miles per hour. Danny was headed northwest …
The latest bulletin from Risk Management Solutions describes Hurricane Bill making landfall in southeast Newfoundland as a weak category 1 hurricane. As of a few hours ago the storm was approximately 90 miles (145 kms) north-northwest of Cape Race Newfoundland …
Florida property insurers are warning residents that a major hurricane is likely this season given the state’s history of storms. At the same time, the industry says the state-backed catastrophe reinsurance fund, the Florida Hurricane Catastrophe Fund, and the state’s …
Bermuda-based PartnerRe Ltd. Has filed a Definitive Proxy Statement with the Securities and Exchange Commission announcing a Special General Meeting of PartnerRe shareholders on Thursday, September 24, 2009. This Special General Meeting relates to the recently announced agreements entered into …
Jorge Luzzi, Worldwide Director of the Risk Management Department for the Italian based industrial group Pirelli, has been appointed as a member of the board of the Federation of European Risk Management Associations (FERMA). He is also a member of …
Hurricane Bill brought rain and heavy winds to eastern Canada Sunday after pounding the U.S. East Coast with heavy seas that killed two people. A seven-year-old girl died in a hospital after she was pulled unresponsive from the sea by …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Caribbean Disaster Emergency Response Agency (CDERA) have signed a Memorandum of Understanding (MOU) formalizing a partnership to facilitate capacity building and to develop strategies for mitigating the physical and socio-economic impacts …
Hurricane Bill became less organized Friday as it pursued a path that would take it between Bermuda and the eastern United States, the U.S. National Hurricane Center said. Bill, a Category 3 storm on the Saffir-Simpson scale with steady 120 …
