Lord Peter Levene, Chairman of Lloyd’s, reminded an appreciative audience in Singapore that “Asia is an exciting place to be right now. Its expertise and knowledge, combined with its vast population and low operating costs have led economists across the …
Lloyd’s Chairman Lord Peter Levene made a trip to Malaysia’s capital Kuala Lumpur to help launch the London Market’s new subsidiary there, Lloyd’s Labuan Limited, and the upgrading of its reinsurance license. Lloyd’s bulletin explained that until now it “has …
Actuaries, those number-crunching whizzes who help determine insurance premiums based on the odds of bad things happening, are in high demand these days, because new mathematical models are needed to respond to natural disaster trends and the growing complexity of …
More than 100,000 people have been evacuated in southern Malaysia to escape massive flooding, which has raised the specter of water and mosquito-borne diseases, officials and news reports said Monday. The government was close to imposing a state of emergency …
Flooding from monsoon rains hit northern and eastern Malaysia as thousands of victims in a southern state waited for waters to recede in homes inundated weeks ago, news reports said Monday. Villages and towns in Kelantan, Terengganu and Kedah states …
France’ SCOR group announced that it has received the approval of the China Insurance Regulatory Commission (CIRC) for a reinsurance license in China “that will enable it to open a branch in Beijing with a view to conducting property & …
A.M. Best Co. has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to Malaysian Reinsurance Berhad (Malaysian Re), both with a stable outlook. “The ratings reflect the company’s excellent underwriting performance with …
Scientists at the National Oceanic and Atmospheric Administration Climate Prediction Center reported that El Niño conditions have developed in the tropical Pacific and are likely to continue into early 2007. Ocean temperatures increased remarkably in the equatorial Pacific during the …
CIGNA International has extended its expatriate benefit service through the expansion of its “CIGNALinks(R)” chain to Hong Kong, China, Taiwan, Spain and five countries in the Middle East – the Kingdom of Saudi Arabia, the United Arab Emirates, Bahrain, Qatar, …
ACE announced from its London office that Giles Ward has been appointed Director of its operations in the Middle East and North Africa region (MENA), effective from September 16th. He will be based in the newly established regional head office …
