The U.S. RE Companies have been approved by the Brazilian regulatory authorities to launch the Company’s new subsidiary, U.S. RE Do Brasil Corretora de Resseguros, LTDA, as a reinsurance broker with offices in Sao Paulo. The news comes just two …
New York-based U.S. RE Corporation, the international reinsurance brokerage firm, has formed a strategic alliance with Bruno Sforni S.p.A, an insurance and reinsurance broker located in Milan, Italy. The Company followed up that news with the announcement that it has …
Global specialty property/casualty insurer Catlin Group Limited has established an underwriting office in Rome, its second office in Italy. The Rome office for Catlin Europe will be staffed by a five-member reinsurance underwriting team headed by Senior Underwriter/Branch Manager Antonio …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Malaysia’s Lonpac Insurance Bhd, both with stable outlooks. “The ratings reflect Lonpac’s adequate capitalization and its ability to manage profitable …
Aon Benfield and PartnerRe have released their annual re/insurance industry report, Hazard & Risk Science Review 2009, which showcases the latest developments in the field of natural hazard and risk science. The Review, which is co-sponsored by Aon Benfield and …
AIR Worldwide Corporation has updated its probabilistic earthquake risk model for the Mediterranean region. The Boston-based catastrophe risk modeling firm, noted that the model is “used by European insurers, brokers, and reinsurers to manage earthquake risk in this region.” The …
Australia, Canada, Spain, France, Italy, Greece, California: They’ve all experienced devastating wildfires. Is there a connection? In February bush fires swept through large parts of the state of Victoria, killing 173 people and destroying more than 2,000 homes. The fires …
An overnight drop in gale-force winds offered hard-pressed Greek firefighters a brief respite Monday after wildfires raged unchecked for two days north of Athens, burning houses and swathes of forest while forcing thousands to flee their homes. But the winds …
Jorge Luzzi, Worldwide Director of the Risk Management Department for the Italian based industrial group Pirelli, has been appointed as a member of the board of the Federation of European Risk Management Associations (FERMA). He is also a member of …
The recent series of wildfires that ravaged parts of Spain, France, Greece and Italy in late July may well be symptomatic of the warming trend in global weather patterns according to experts at Lloyd’s of London. “Spain was worst hit …
