Risk Management Solutions (RMS) has released an impact study of the potential losses from a windstorm of the force and velocity of the one that hit Southern England and Northern France in 1987, if it occurred today. The storm struck …
France’s AXA Group announced the creation of a €100 million ($142 million) global “AXA RESEARCH FUND” to be launched in early 2008. The Fund will be active over thenext five years and will be managed by a Scientific Board chaired …
Nationwide Insurance Co. has signed a seven-year deal in Charlotte, N.C., to become the title sponsor of American stock-car racing’s No. 2 series beginning in 2008. Nationwide replaces Anheuser-Busch, the maker of Budweiser beer and which has sponsored the second-tier …
Dublin-based Research and Markets has added Datamonitor’s new report: “Global Non-life Insurance” to their offering. R&M said its “Global Non-life Insurance industry profile is an essential resource for top-level data and analysis covering the non-life insurance industry. It includes detailed …
The United States excess and surplus lines market presents opportunities that are not lost on the rest of the world. Lloyd’s is the second largest U.S. surplus lines writer with a 14 percent market share. Direct written premiums were $4.675 …
HRH, Bank of America Insurance broker Hilb Rogal & Hobbs Co. has agreed to purchase Banc of America Corporate Insurance Agency, L.L.C., a segment of Bank of America, N.A., and a middle market insurance intermediary in the northeastern United States. …
Even though the U.S. has a team – The Eagles – in the finals of the Rugby World Cup, the event doesn’t exactly get the same press coverage as the Super Bowl or the World Series. Nonetheless for the 20 …
HSBC, one of the largest international banks, has entered into an agreement to acquire a 10 percent stake in Vietnam’s leading insurance and financial services group, Vietnam Insurance Corporation (Bao Viet), for VND4,121 billion (approximately $255 million). HSBC will be …
Guy Carpenter & Company has published a new report “Casualty Specialty Update,” which covers the areas of liability catastrophe modeling, European environmental liability legislation and the impact of Basel II banking accords on insurers and reinsurers. George Carrington, Managing Director …
