In a special report A.M. Best Co. warns that “lurking beneath Central Europe are numerous faults that rarely break the ground surface but that still could lead to large scale catastrophe losses for insurers and reinsurers.” As a result Best …
Guy Carpenter greeted the new year with the publication of “Near Misses, Plentiful Reminders: Global Reinsurance Review January 2008,” which it describes as a “briefing on the major trends driving pricing and market conditions across the global reinsurance industry into …
A hot dry summer coupled with murderous arsonists has resulted in the deaths of at least 60 people, as devastating brush fires continue to rage uncontrolled across large parts of Greece. The tinder dry brush and the rugged terrain have …
Massive fires raged out of control across Greece on Thursday, after killing three people overnight in the south, burning through villages and forests and stretching firefighting services to the limit. Greek Prime Minister Costas Karamanlis appealed to Russian President Vladimir …
Wildfires burned homes and forced the evacuations of villages, a convent and a children’s summer camp in southern Greece, authorities said July 19. The Fire Service reported 115 fires in 24 hours as temperatures reached 39 degrees Celsius (102 Fahrenheit) …
Swiss Re announced that it has obtained $100 million of protection against earthquake risk in Turkey, Greece, Israel, Portugal and Cyprus through a securitization – the first time the capital markets have been tapped to cover this type of risk …
In the wake of Hurricane Katrina’s devastation, the U.S. government failed to take advantage of millions of dollars in foreign aid from its allies, The Washington Post reported. The U.S. has collected about $126 million and used just $40 million …
The threat of the bird flu virus mutating into a strain capable of causing a pandemic intensifies amidst a growing number of outbreaks and human cases in different parts of the world. Since 2003, a total of 168 people have …
A new report from Standard & Poor’s Equity Research – European Investment Outlook – Riding A Wave Of Volatility – foresees the volume of mergers and acquisition in Europe exceeding the €1.3 trillion [$1.7 trillion] generated by the end of …
