An earthquake with a magnitude of 7.5 struck China’s Sichuan province on Monday, less than 100 km (60 miles) from the provincial capital of Chengdu, the U.S. Geological Survey said on its web site. The quake was felt across much …
AIR Worldwide has released an analysis of a strong earthquake that struck just off the Japanese island of Honshu on Wednesday. The trembler rattled buildings in downtown Tokyo and briefly cut power to thousands of residents 48 kilometers to Tokyo’s …
Myanmar’s (Burma’s) isolationist military regime gave the go-ahead for the first major airlift of international aid into the country Thursday, while dragging its feet on urgently requested visas by foreign agencies several days after a devastating cyclone. Myanmar’s state media …
JCB Co. Ltd., a global payment brand and lcredit card issuer and acquirer in Japan, recently selected Hawaii as the home for its new captive insurance subsidiary, PermCore Insurance Co. Ltd. Commissioner J.P. Schmidt issued a license to PermCore on …
Willis Group Holdings has announced three senior appointments to its Global Specialties division. Keith Anderson will assume the role of Chief Financial Officer (CFO) for Global Specialties, Nick Dunlop has been appointed as Sales Director for the division and Giles …
Loews Corp. posted an unexpected drop in first-quarter profit Monday, hurt by disappointing results from its CNA Financial Corp. insurance unit. In Monday afternoon trading, shares of Loews were down $2.07, or 4.6 percent, at $42.56, while CNA slid $2.90, …
A cargo ship contracted by the U.S. military fired on an Iranian vessel in Gulf waters on Friday, raising tension between Washington and Tehran in a region vital to world oil shipments. In January, the United States said Iranian boats …
The early morning earthquake that struck Market Rasen in Lincolnshire recently was literally a wake-up call for many people. (See IJ web site – https://www.insurancejournal.com/news/international/2008/02/28/87725.htm). With likely insured losses of between £15 million and £30 million, the magnitude 5.2 ‘quake …
Fairfax Financial Holdings, which made record profits last year on the back of U.S. credit default swaps, remains on guard against a depression-type slide in the U.S. economy, its chief executive told shareholders Wednesday. “We are conservatively positioned,” Fairfax Chairman …
A survey commissioned by Marsh, Mercer and Kroll for their report “M&A Beyond Borders: Opportunities and Risks,” found that multinational companies consider investing in China, India and South East Asia almost as risky as investing in Africa.” Despite those concerns, …
