A research study, commissioned by Lloyd’s and the Economist Intelligence Unit in 2007, found that “54 percent of business leaders felt that the risk to their company of political violence and terrorist activity would increase over the next five years.” …
Guy Carpenter & Company, LLC has published its annual, comprehensive study of the global property catastrophe reinsurance market – “The World Catastrophe Reinsurance Market: New Capital Stabilizes Market.” The report covers 23 countries and four regions, representing more than 90 …
Thousands of people were stranded on rooftops and tree branches Wednesday as cyclone-spawned floods surged through towns and villages of Pakistan’s coastline, officials said. Off the coast in the storm-tossed Arabian Sea, navy warships and helicopters searched for missing vessels, …
More than 1,000 diplomats have begun working on a new accord to control greenhouse gases, with developing countries calling for more money and expertise to help them fight the potentially catastrophic effects of global warming. The 166 countries and organizations …
International business expansions deliver new exposures, new concerns Globalization of directors and officers (D&O) liability products has opened up a whole new world of “what ifs” and “spiraling concerns” for the insurance industry. For starters, insurers, brokers and their clients …
Globalization of directors and officers (D&O) liability products has opened up a whole new world of “what ifs” and “spiraling concerns” for the insurance industry. For starters, insurers, brokers and their clients are asking what is involved in the need …
The ACE Group announced the formation of a new Middle East & North Africa (MENA) Regional Office, based in Bahrain. “The new office, which recently received approval from the Central Bank of Bahrain, will be responsible for the management of …
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 …
[AP] A huge fire that turned the giant cargo terminal of Istanbul’s main airport into a wreckage of twisted metal and charred walls may have caused tens of millions of dollars (euros) in damage, according to newspaper reports Thursday. Shooting …
XL Capital Ltd President and CEO Brian O’Hara led off XL’s 2nd annual global risk conference in Berlin Germany with a plea to the heads of some of the world’s leading organizations to adopt an industry- based coordinated approach to …
