In a recent report- “Insurance Industry Risk Analysis: Spain (Kingdom of)” – Standard & Poor’s predicted further growth in the Spanish economy and indicated that the “current relatively low insurance penetration will drive significant growth in both property/casualty (P/C) and …
Europe is facing an immense demographic challenge that will cuts its growth rate substantially and strain its public finances as its baby boomers retire and life expectancy increases, although some countries have taken steps to address the aging population. A …
Risk managers of multinational corporations would do well to follow closely the escalating protests over Danish cartoons satirizing the Prophet Muhammad in Europe and the Middle East, according to Aon Trade Credit Managing Director Bryan Squibb. President Bush has called …
A Roman Catholic church in Manhattan has sued the Travelers Casualty and Surety Co. charging breach of contract, claiming the insurance carrier has improperly refused to pay $1.22 million stolen by a priest. The Church of St. John the Martyr, …
France’s SCOR Group announced that “premium income linked to Non-Life and Credit & Surety treaties up for renewal on 1 January 2006 is up by around 25 percent.” The bulletin added, “these renewals on 1 January 2006 relate to around …
The Federation of European Risk Management Associations (FERMA) has issued a timely bulletin on the multiple risks society faces from the threat posed by the avian flu virus H5N1. “A massive outbreak of avian flu will not only affect the …
A report published by Standard & Poor’s Ratings Services, “Industry Report Card: European Insurance,” notes that “despite the large losses related to hurricanes Katrina, Rita, and Wilma, 2005 was a good year for the insurance sector in Europe.” S&P said: …
HCC Insurance Holdings Inc. provided earnings guidance for the period ending Dec. 31, 2006. In a news release, HCC said management is confident they will achieve or beat consensus earnings of $2.55 per fully diluted share for the full year …
A leading U.K. intelligence expert and a specialist in terrorist underwriting at Hiscox Plc have warned that the threat of terrorism will not diminish in the year ahead with the continued potential for attacks around the world. Simon Sole, managing …
