The U.S. national weather forecaster still expects the much-feared El Niño phenomenon, which can wreak havoc on global weather, to remain weak into the Northern Hemisphere winter, even after its development slowed last month. In its monthly assessment, the Climate …
A note from Willis Group Holdings features comments from Ann Longmore, Executive Vice President of Willis’ Executive Risks practice, who analyzes the impact(s) of Russia’s accession to the World Trade Organization as its 156th member earlier this month. “We expect …
Europe’s largest insurer, Germany’s Allianz SE, posed the following question: “How does climate change affect the business model of a large insurance company?” In order to find the answers Allianz announced that it’s now part of a “unique consortium including …
The European insurance industry is becoming increasingly aware that the Solvency II regulations, which are scheduled to take effect as of January 1, 2013, will not only impose a different set of rules for the industry, but could also fundamentally …
Swiss Re issued a statement which stressed that it is “committed to the Japanese insurance market and to supporting the country’s recovery from the devastating earthquake and tsunami which claimed many lives last week.” Chief Executive Stefan Lippe added: “We …
Shares in European insurers fell steeply on Monday after analysts estimated over the weekend that the Japanese earthquake could cost the industry nearly $35 billion, making it one of the most expensive disasters ever. The Stoxx 600 European Insurance Share …
A report from A.M. Best Co. provides a timely analysis of the fast approaching implementation of the European Commission’s long-awaited Solvency II insurance regulations, which are now scheduled to come into force as of for January 1, 2013. Best noted …
