November 15, 2010
Mount Merapi, Indonesia’s most volatile volcano, unleashed another cloud of searing gas as rescuers pulled more bodies from a village smothered a week ago by eruptions. The death toll from a series of blasts passed 240 on Sunday. Saturday’s blast …
November 14, 2010
Addressing Changes in EU and U.S. Regulations; North American Lloyd’s Reorganization Sean McGovern, Lloyd’s general counsel and, since February 2010, the director of Lloyd’s North America, may still have time to pursue his favorite pastime – sailing – but he …
November 11, 2010
Armistice Day/Veteran’s Day – the “war to end war;” the dead, the wounded and the missing. Almost faded from memory now – 92 years after it ended – the “Great War,” World War I. The consequences have been unfolding ever …
November 10, 2010
Dutch bancassurance group ING said on Wednesday it planned two initial public offerings, rather than one, for its insurance activities as part of a mandatory split-up imposed because of its state bailout. Chief executive Jan Hommen told a conference call …
November 9, 2010
American International Group is expected to sell its Asian real estate business to Invesco Ltd later this month, a source said on Tuesday. The source said AIG’s gross property assets were currently worth around $5 billion, although the actual cost …
November 2, 2010
Insurer American International Group will get up to $22 billion more in U.S. taxpayer funds in a restructuring that will pay off the Federal Reserve in full and allow taxpayers to begin profiting from the firm’s bailout, the Treasury Department …
November 1, 2010
A.M. Best’s analysts don’t expect to see much change in premium levels in the near future, nor do they expect to see significant changes in rating levels. “We expect the rates to remain stable, and to show some decline in …
November 1, 2010
The European Commission has issued a formal letter on Solvency II equivalence to the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) indicating that it should “carry out equivalence assessments” on Switzerland, Japan and Bermuda. The assessments would determine …
October 29, 2010
Environment ministers from around the world tried to wrap up a U.N. meeting to preserve nature on Friday but remained split on targets to fight losses in animal and plant species that support livelihoods and economies. Delegates from nearly 200 …
October 28, 2010
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Dah Sing Insurance Company Limited (DSI), both with stable outlooks. Best said the affirmations reflect “DSI’s solid risk-adjusted capital position, …