Swiss Re and Mitsui Sumitomo Insurance Company have arranged a $100 million catastrophe risk swap. The catastrophe risk swap is structured in two risk exchanges of $50 million each: Japan typhoon for North Atlantic hurricane and Japan typhoon for European …
There is reportedly relief in sight for commercial insurance buyers numb from years of hefty premium increases and stiff underwriting conditions. The commercial middle market will enjoy lower rate increases and some flat pricing over the next six months, according …
Fifty-three years ago, 13 young American women started something that seemed so small back then. They built it up and nurtured it with their spiked shoes and flat putters and today, what seemed like a novel idea more than half …
Despite its relatively small size, rocky terrain and famously inclement weather, Scotland has given the world two extraordinary gifts—whisky and golf. Although, like most games, it’s played with a ball, golf isn’t the equivalent of a “combat situation.” You don’t …
ACE Limited announced the appointment of Gary Schmalzriedt, currently president and CEO of ACE European Group, to the position of chairman and CEO of ACE Overseas General. In addition, Ed Clancy, currently president of Global Accident and Health (A&H), an …
Edmund Tse, Senior Vice Chairman and Co-Chief Operating Officer of American International Group, and Clemente Cabello, CEO of Mexico’s Grupo Nacional have been named to the prestigious Insurance Hall of Fame by the International Insurance Society, Inc. They will be …
Standard & Poor’s has issued a report on Japan’s non-life insurance industry, which concludes that although underwriting performance has improved, they remain “under severe pressure” due to the continued weakness of the world’s equity markets. S&P said that the results …
Transamerica Reinsurance announced that Jung-Hui (Jeffrey) Huang has been hired as Country Manager for Taiwan. He is responsible for business development in the country and oversees operations in the Reinsurance Service Center in Taipei. The bulletin described Huang as a …
The 39th annual seminar of the International Insurance Society (IIS), hosted by the Insurance Information Institute, is scheduled to be held July 13-16, at the Waldorf-Astoria in New York. Among the issues to be discussed by many of the world’s …
The U.S.-based financing company for Japan’s Honda Motors is reportedly set to end automobile leases in New York at the end of the month due to the State’s third-party liability laws. NY law considers lessors as owners of the vehicles …
