A.M. Best Co. announced the formal opening of its new office in the Dubai International Finance Centre (DIFC) in Dubai, UAE. The office is located in Tower 2, Currency House, DIFC, and “will operate as A.M. Best MENA, South & …
Leaders of major industrial economies meet this weekend to try to tackle a full-blown crisis in Europe where fears are growing that Greece could leave the euro zone bloc, threatening the future of the common currency. President Barack Obama, the …
Spain’s MAFRE Group posted total revenues for the first quarter of 2012 of €6.835 billion [$8.858 billion], an 11.5 percent increase compared to Q1 2011, “thanks to sustained growth of the international business,” the report noted. Recurring results grew by …
UK-based RSA reported continued strong growth and financial strength in its interim management statement covering the first three months of 2012. Highlights included the following: • Net written premiums of £2.2 billion [$3.565 billion] up by 5 percent with all …
The latest Insurance-Linked Securities (ILS) Market Update from Willis Capital Markets & Advisory (WCMA), part of global insurance broker Willis Group Holdings, notes a “record issuance in the catastrophe bond market in the first quarter of 2012, with eight new …
The airline and aviation manufacturing insurance markets turned a profit in 2011 “following one of the safest years in recent times in terms of numbers of losses and passenger fatalities,” according to a review from Willis Aerospace, a unit of …
The euro zone’s public debt crisis is not over despite calmer financial markets this year, the OECD said on Tuesday, with a warning that the bloc’s banks remain weak, debt levels are still rising and fiscal targets are far from …
Global information technology spending by insurance companies is expected to reach $140.6 billion in 2012, an increase of 6.3 percent over 2011, according to a new report from Celent, part of the Oliver Wyman (MMC) group. The figure is substantially …
