The French Transport Ministry announced that it will publish a list of airlines that have been banned from landing in French territory due to safety violations. The decision follows the crash in Venezuela last week of a charter airliner operated …
General Casualty Insurance Companies recently introduced enhanced commercial coverages and capacity and became a market for additional manufacturing lines of business. The Sun Prairie, Wisconsin-based property and casualty insurer is now looking to write accounts with property values up to …
Devastating fires in Portugal; torrential rains in Switzerland, Austria and Romania; drought in much of France – the list of extreme weather conditions continues to grow in Europe. No contrast is more vivid than scenes of uncontrolled forest fires raging …
Hedge funds are increasingly drawn into insurance underwriting business in an ever-ending search for alpha for their investors, according to experts at www.hedgeco.net. New reports show that hedge fund managers have been active in purchasing “catastrophe bonds” through which money …
The 22nd Pacific Insurance Conference will be held at the Grand Hotel, Taipei, Taiwan on October 23 – 26, 2005. The 2005 conference features industry leaders making presentations, moderating panel discussions, and directing roundtable workshops examining “Pathways to Success in …
ACE European Group has announced that Michael Furgueson has been appointed President of ACE’s business operations in the United Kingdom and Ireland. He succeeds Carl Bach, who is moving to a new posting with ACE USA, which will involve managing …
Days after the U.S. Treasury issued its report downplaying the need for renewal of a federal terrorism risk reinsurance program, an organization of 30 democratic countries including the U.S. has warned of shortfalls in terrorism coverage around the world. Nearly …
GE Insurance Solutions and the Institute of Insurance Economics of Switzerland’s University of St. Gallen have issued a joint study of the German reinsurance market from the point of view of the buyer, the primary insurers who rely on reinsurance …
Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and debt ratings on seven unregulated insurance and reinsurance holding companies. S&P also raised its ratings on certain debt issues guaranteed by the holding companies. The …
Standard & Poor’s Ratings Services said in a recently published report that it has maintained its negative outlook on the Swiss insurance sector for both property/casualty and life. The report, “Swiss Insurance Market Portfolio Review,” is available on RatingsDirect, Standard …
