AXA Art Insurance Ltd, a division of France’s AXA Group based in London, has offered a reward of up to C$150,000 (U.S.$116,000) for information leading to the recovery of the five signed ivory sculptures stolen from the Art Gallery of …
California-based Risk Management Solutions (RMS), a leading provider of products and services for the management of catastrophe risk, announced that it has performed the risk analysis for the Pylon Ltd. securitization covering damage from windstorm for a major European electricity …
Liberty Mutual Group announced that it has concluded the acquisition process by its Spanish subsidiary, Liberty Insurance, of MetLife’s Spanish operations, including its non-life subsidiary, Genesis Seguros Generales, S.A., and its life subsidiary, Seguros Genesis, S.A. The companies offer auto …
France’s SCOR Group, the world’s seventh largest reinsurer, announced the successful completion of its capital raising initiative, launched on December 9, 2003. The company sold 682,724,225 new shares, raising 751 million euros ($955 million). The offering was strictly confined to …
A chartered Boeing 737 with 148 people on board crashed into the Red Sea shortly after taking off from the Egyptian resort of Sharm el-Sheik early Saturday morning. There were no survivors. The plane, operated by Egyptian charter carrier Flash …
The elevated terrorist threat levels decreed by the Homeland Security Department and the U.S. Transportation Security Administration, coupled with repeated warnings from the FBI, combined to disrupt trans-Atlantic air traffic over the holidays. A pre-Christmas alert resulted in the cancellation …
Munich Re has released its analysis of natural catastrophes in 2003 and concluded that economic and insured losses continue to increase at a high level. Preliminary portions of the study had been presented at the recent meeting of the Intergovernmental …
The French government and Credit Lyonnais (CL) have agreed to accept a settlement in the Executive Life case that will cost $770 million, but the deal excludes individuals named in the criminal case, currently pending in Los Angeles. The Consortium …
While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s under reserved; burgeoning liability claims (asbestos, D&O, E&O, med-mal, …
While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s under reserved; burgeoning liability claims (asbestos, D&O, E&O, med-mal, …
