Swiss Re has released its latest “sigma” study, which examines the insurance industry in Latin America emphasizing the growth potential of the region, but warning of the necessity to increase profitability. Sigma 2-2002 cited three main areas “impacting the Latin …
Standard & Poor’s announced that it has lowered its public information (‘pi’) rating on AXA General Insurance Hong Kong Ltd., a subsidiary of France’s AXA Group, to double-‘Bpi’ from triple-‘Bpi’. S&P analyst Connie Wong explained that, “The rating on AXA …
Julian James, Director of Worldwide Markets at Lloyd’s, in a speech given last week to business leaders in Singapore and Hong Kong, stated that the costs of risk are continuing to rise. James, attributed the rise in premiums to three …
As rescuers attempt to locate the flight recorders, and continue the grim task of trying to recover the remains of the 225 people aboard a China Airlines 747 that apparently disintegrated on a flight from Taipei to Hong Kong, the …
Lloyd’s decision to begin reporting its syndicates profits and losses on an annual basis, rather than over three years, proved costly. Last year’s losses are estimated at £3.11 billion ($4.5 billion) overall, and WTC loss estimates rose slightly to £1.98 …
Lloyd’s decision to begin reporting its syndicates profits and losses on an annual basis, rather than over three years, proved costly. Last year’s losses are estimated at £3.11 billion ($4.5 billion) overall, and WTC loss estimates rose slightly to £1.98 …
The Hong Kong and Shanghai Bank Corp. (HSBC), which despite its name is actually based in London, announced plans to to tap the growing insurance market in mainland China by opening branches of HSBC Insurance in Beijing, Shanghai and Guangzhou. …
If anyone needs proof that the Internet is no longer a curiosity, the reinsurance industry is a good place to start looking. Reinsurance companies aren’t generally known for the rapidity with which they adopt innovative techniques, but they haven’t been …
Inreon, the online reinsurance trading platform, has expanded into the Asian market with the opening of a new office in Hong Kong. It hopes to have its Internet platform ready to go in time for renewals on April 1. “A …
CGNU, the U.K.’s largest insurance company, continued its planned exit from the European p/c market and its expansion in Asia with the announcement that it would sell its Portuguese property insurance business to Victoria Seguros SA, a subsidiary of Munich …
