Hong Kong News

Catlin Details Participation in LRCCL

A bulletin from the Bermuda-based Catlin Group Limited, whose operating companies also do business from the UK, the U.S. and Lloyd’s, notes that its Lloyd’s Syndicate 2003 “is one of the inaugural participants in Lloyd’s new reinsurance operation in China, …

Assurex Assesses Asian Market Opportunities, ‘Pitfalls’

Assurex Global Partners assembled “more than 100” members “from six continents” at its annual Spring Partners’ Conference, held recently in Hong Kong, where they “discussed the intricacies of doing business in this part of the world.” The bulletin notes that, …

Top 10 data loss disasters in 2006

Data recovery experts worldwide from Minneapolis, Minn.-based Ontrack Data Recovery chimed in for a poll to name the top 10 remarkable data loss disasters in 2006. While the data disasters could have been catastrophic for the companies and their customers, …

Top 10 data loss disasters in 2006

Data recovery firm says no matter how bad the loss, there’s a chance for recovery Data recovery experts worldwide from Minneapolis, Minn.-based Ontrack Data Recovery chimed in for a poll to name the top 10 remarkable data loss disasters in …

Best Affirms Hang Seng ‘A+’ Ratings

A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating (ICR) of “aa-” of Hong Kong’s Hang Seng Insurance Company Limited with a stable outlook. “The ratings reflect Hang Seng Insurance’s strong risk-adjusted …

N.Y. City, other U.S. centers need federal terrorism insurance to compete globally, says Supt. Dinallo

News Currents A continuing federal role in terrorism insurance is important so that U.S. financial centers including New York City can continue to compete with international markets, many of which are already covered by similar government insurance programs, New York …

Insurance exec: China offers lessons in globalization for U.S. and world

I am not going to talk about regulation, not yet. I will soon but it will not be today — real soon. I cannot wait.” Thus Maurice “Hank” Greenberg — target of Eliot Spitzer, prosecutors, competitors and rumor mills — …

N.Y. City, other U.S. centers need federal terrorism insurance to compete globally, says Supt. Dinallo

A continuing federal role in terrorism insurance is important so that U.S. financial centers including New York City can continue to compete with international markets, many of which are already covered by similar government insurance programs, New York Acting Superintendent …

Insurance exec: China offers lessons in globalization for U.S. and world

C.V. Starr’s Greenberg on China’s economic revolution and making the world safer through globalization I am not going to talk about regulation, not yet. I will soon but it will not be today — real soon. I cannot wait.” Thus …

Swiss Re sigma Study Details 2006 Natural, Man-made Disasters

In its just released sigma study, “Natural catastrophes and man-made disasters in 2006”, Swiss Re notes that “losses due to natural catastrophes and man-made disasters were below the long-term trend in 2006.” Cat losses totaled around $48 billion, of which …