A Libyan Airbus jet crashed early on Wednesday as it tried to land at Tripoli airport, killing 103 people on board and leaving a Dutch boy the sole survivor, Libyan officials said. The Airbus A330-200, only in service since September, …
Last weekend the leaders of the European Union finally realized that their dithering over a financial aid package for Greece had imperiled the entire continent’s financial structure. They acted to stem the tide by adopting – subject as usual to …
A $1 trillion global emergency rescue package to stabilize the euro reversed the slide in world financial markets on Monday but left longer-term questions about whether Europe’s weakest economies can manage their debt. The plan, hammered out by European Union …
Britain’s opposition Conservatives became the biggest party in parliament on Friday in a bitterly fought election, but were set to fall short of a majority, leaving it unclear who would run the country. British asset prices crumbled as the prospect …
A cloud of abrasive volcanic ash drifting south from Iceland disrupted flights to and from Ireland and Scotland anew on Wednesday. Two airports serving Glasgow, Scotland’s largest city, were closed until at least 1800 GMT, while flights from the Irish …
Airports in Ireland and parts of Britain were closed again for some hours on Tuesday because of the cloud of volcanic ash drifting south from Iceland that wreaked havoc on European air travel last month. Flights in much of continental …
XL Capital Ltd announced from its Bermuda headquarters that ordinary shareholders have approved changing the parent holding company’s place of incorporation from the Cayman Islands to Ireland, following a special shareholders meeting. They also approved renaming the company from its …
A.M. Best Co. has affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of London General Insurance Company Limited (LGI) and London General Life Company Limited (LGL), both with stable outlooks. LGI and LGL are …
Following completion of its acquisition of HSBC Insurance Brokers Limited (HIBL) on April first [See IJ web site – https://www.insurancejournal.com/news/international/2010/04/01/108646.htm], Marsh announced that it is adding a number of HIBL executives to its UK National Corporate leadership team. The unit …
The Travelers Cos. Inc. reported net income for the first quarter 2010 dropped just $15 million, to $647 million in Q1 2010, compared to $662 million in Q1 2009. Operating income in the current quarter declined as well to $631 …
