An Air France flight from Rome to Paris earlier this month briefly lost its speed readings due to faulty sensors, pilots said on Tuesday, in the latest safety scare involving speed sensors. Several problems with speed sensors, or pitot tubes, …
The New York State Insurance Department has signed a cooperation agreement with regulators in China calling for closer cooperation between the two agencies in overseeing insurance issues. Acting Superintendent Kermitt Brooks and Jiang Bo, deputy director general of the International …
IPC Holdings, the Bermuda catastrophe reinsurer that attracted interest from more than a dozen bidders, held out for a storm-proof agreement before agreeing to a sale to rival Validus Holdings The $1.65 billion cash-and-stock deal, still to be approved by …
SCOR Global Life US (SGL U.S.), a wholly-owned subsidiary of France’s SCOR Group, has reached a definitive agreement to acquire XL Re Life America Inc. (XLRLA), a subsidiary of XL Capital Ltd. The total consideration of the transaction amounts to …
The New York State Insurance Department signed an agreement yesterday with regulators in Thailand that calls for increased cooperation between the two in investigating insurance matters. The agreement formalizes coordination between the two regulatory bodies. “This agreement between Thailand and …
Calpers, the biggest U.S. public pension fund, has sued the three largest credit rating agencies for giving perfect grades to securities that later suffered huge subprime mortgage losses. The California Public Employees’ Retirement System said in a lawsuit filed last …
A global blacklist for unsafe airlines will be set up soon, France’s Transport Minister Dominique Bussereau said on Monday. On Thursday the head of the International Civil Aviation Organization (ICAO) had rejected the European Union’s proposal for such a list …
Leaders of the world’s richest nations and major developing powers meet on Thursday to seek common ground on global warming and international trade, with the poorer countries seeking concessions. U.S. President Barack Obama will chair the climate discussions, but hopes …
Both A.M. Best Co. and Standard & Poor’s Ratings Services have taken a positive outlook for their ratings on PARIS RE and its operating companies, following the announcement that the group would be acquired by PartnerRe. Best said it has …
Michael Jackson’s untimely death, barely two weeks before he was to begin a long awaited series of 50 concerts stretching over eight months, has been the world’s top story. It’s also a story in London, where rumors, announcements, speculation and …
