The recent decision by the London-based Joint War Committee to include the heavily traveled Straits of Malacca on its list of ‘war risk’ areas has caused concerns among shippers that transport costs will rise due to increased insurance premiums. The …
A severe earthquake, measuring 8.7 on the Richter Scale, struck several Islands off the Northwest Coast of the Indonesian Island of Sumatra at around 11:15 p.m. local time (11:15 a.m. EST) causing heavy damage and loss of life. The most …
Swiss Re today announced the appointment of Qin Lu as general manager of the company’s Malaysia branch. Andrew Davidson, who served as head of the branch since 2002, is relocating to Swiss Re in Australia to take up a client …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) and the issuer credit rating of “bbb” of Malaysia’s Labuan Reinsurance with a stable outlook. “The rating reflects the company’s improved underwriting performance, solid …
The Southeast Asia tsunami disaster has affected the lives and hearts of people throughout the world. What can only be described as one the worst natural disasters in history has led to an estimated death toll of 226,000, and countless …
There are a number of things about the insurance industry that drive Lord Levene crazy but nothing more than all the paper. “The paperwork is nuts,” the Lloyd’s of London chairman exclaims. He tells the story of a broker inputting …
There are a number of things about the insurance industry that drive Lord Levene crazy but nothing more than all the paper. “The paperwork is nuts,” the Lloyd’s of London chairman exclaims. He tells the story of a broker inputting …
There are a number of things about the insurance industry that drive Lord Levene crazy but nothing more than all the paper. “The paperwork is nuts,” the Lloyd’s of London chairman exclaims. He tells the story of a broker inputting …
While the official death toll may never be known, the reaction to last month’s killer earthquake and tsunamis in Southeast Asia continues. Insurance Journal recently spoke with several individuals whose companies have seen the death and destruction up close. Crawford …
A record year of natural disaster losses and Eliot Spitzer’s investigations into payment practices highlighted the urgent need for the insurance industry to tackle its reputation and practices during 2005, Lord Levene, Chairman of Lloyd’s, warned insurers today in Cambridge, …
