LIMRA and LOMA Name Kevin McWhinney to Head International Sales
LIMRA and LOMA announced Kevin McWhinney will join the organization as managing director of international partnerships. Read more
International Article
Eighth Annual International Risk Management Conference in Kazakhstan
Eurasia Insurance Company is organising and sponsoring the Eighth Annual International Risk Management Conference, to be held on 19-20 April 2012 in Almaty (Kazakhstan). Read more
Munich Re posts 0.71bn profit for challenging year 2011 Stable dividend
The year 2011 was marked by a series of severe earthquakes and many weather-related catastrophes. Thus Munich Re estimates its claims costs from the earthquakes in Japan and New Zealand at around €1.5bn for each event. Read more
Costa Concordia the luxury liner was insured for $512 million
Carnival Corp.’s sunken cruise ship, the Costa Concordia, was insured by companies including Assicurazioni Generali SpA (G), RSA Insurance Group Plc (RSA) and XL Group Plc (XL), said three people with knowledge of the policies.
Read moreSwiss Re’s appoints new Group Chief Executive Officer & new CEO Reinsurance Asia
Swiss Re’s Board of Directors appoints Michel M. Liès, currently Chairman Global Partnerships at Swiss Re, as new Group Chief Executive Officer as of 1 February 2012. Michel M. Liès succeeds Stefan Lippe.
Read moreNew Swiss Re report reveals low earthquake insurance penetration globally, even in countries with high seismic risk
According to Swiss Re’s latest expertise publication “Lessons from recent major earthquakesâ€, several big Earthquakes resulted in a devastating number of fatalities and injuries and have caused widespread property damage over the past two years. Read more
Economic imbalances and social inequality risk reversing the gains of globalization – World Economic Forum
The world’s vulnerability to further economic shocks and social upheaval risk undermining the progress that globalization has brought, warns the World Economic Forum in its Global Risks 2012 report, the seventh edition, published recently. Read more
Review of natural catastrophes in 2011: Munich Re
A sequence of devastating earthquakes and a large number of weather-related catastrophes made 2011 the costliest year ever in terms of natural catastrophe losses.
Read moreNew Swiss Re sigma study explores insurance growth drivers and profitability in emerging markets
Insurance in emerging markets has experienced strong growth over the past decade and the outlook for the next decade remains promising. Nonetheless, given the expectation of persistent low interest rates at least in the near future, achieving profitable growth will become increasingly challenging in emerging markets.
Read moreIs curve fitting the right approach for Solvency Capital Requirement ? – Algorithmics weighs up the pros and cons
One of the major challenges facing European insurers in the lead up to Solvency II is how to report their solvency capital numbers to regulators more frequently, in more detail and in a shorter time frame than ever before?
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