India News

Climate Change Under World Spotlight

Swiss Re’s latest sigma study on natural catastrophes and man-made disasters in 2007 concludes that they killed over 20,000 people and cost the insurance industry $70 billion, $28 billion related to property claims. 2007 wasn’t even “an exceptional year” in …

Greenhouse Funds Gloom Hangs over G20 Climate Talks

Rich nations must come up with billions in new money to help poor countries fight global warming and not just repackage development aid to score diplomatic points, environmentalists at a meeting of top polluters said on Friday. The three-day Japan …

Buffett Succession Plan at Berkshire Gets a Twist

There is a job change coming for an executive whom investors say could become the next Warren Buffett. David Sokol, widely considered among the top candidates to eventually replace Buffett as chief executive of Berkshire Hathaway Inc, announced Tuesday that …

2007 Cat Losses Top $70 Billion Swiss Re sigma Study Finds

Swiss Re’s latest sigma study – “Natural Catastrophes and man-made disasters in 2007” – examines catastrophe-related economic losses from natural and man-made disasters last year, which exceeded $70 billion. Swiss Re also noted that the disasters caused the deaths of …

Swiss Re Supports Indian Quake Safety

Swiss Re has participated in a workshop in New Delhi – “Integrating Earthquake Risk Mitigation into Hospital Facilities Planning” – organized by US-based NGO GeoHazards International and the Delhi Disaster Management Authority, to promote earthquake risk management in the city. …

U.N. Official Urges EU to Aid Developing Nations on Climate

The European Union should speedily work out ways to help developing nations fight global warming to avert a “Catch 22” impasse that could brake action worldwide, the U.N.’s top climate change official said on Monday. “This is a priority that …

People

San Diego-based Barney & Barney LLC named Jim O’Connell principal. He also will serve as director of development for programs, specialty insurance solutions. In that role, he is responsible for both regional and nationwide expansion of new and existing programs. …

‘Managing the Cycle’ Remains No. 1 Priority, Lloyd’s Survey Finds

Lloyd’s of London has published its fourth annual underwriting survey, which reveals that “managing the insurance cycle” remains the most important issue for the industry in 2008 with 93 percent of underwriters believing the industry is currently in a softening …

‘Managing the Cycle’ Remains #1 Priority Lloyd’s Survey Finds

Lloyd’s has published its fourth annual underwriting survey, which reveals that “managing the insurance cycle remains the most important issue for the industry in 2008 with 93 percent of underwriters believing the industry is currently in a softening stage of …

India’s Insurance Industry Faces Talent Shortage

It may come as a bit of a shock, but India, the country that’s become synonymous with out-sourcing, is facing a talent shortage. According to the Darwin Rhodes Group, India’s only specialist insurance recruitment company, the liberalization of India’s insurance …