A report by broker Marsh has found that industrial risks in Asia are underinsured by up to 60 percent, due to companies failing to consider rising commodity, materials and labour costs.
Randall & Quilter has acquired the entire issued share capital of NFIL, a Guernsey domiciled captive insurer.
Swiss Re’s latest sigma study has revealed unparalleled economic losses of $370 billion from man-made and natural catastrophes disasters in 2011.
Property insurer FM Global has reported a net loss of $41.5 million for 2011, with the result driven by substantial catastrophe losses.
Nexus Underwriting Management has announced the launch of its new Lloyd’s managing general agency, Nexus Professional Risk (NPR).
Rating agency Fitch has warned that Italian insurers will suffer subdued profitability and growth until the end of 2013, despite them recently enjoying better underwriting performances.
Intelligent Insurer has spoken to the new president of the Risk and Insurance Management Society, Deborah M. Luthi.
The concept of consumer protection is enshrined in the philosophy of the European Insurance and Occupational Pensions Authority.
Tawa has announced a net loss of $21.6 million for 2011, compared to the profit it posted in 2010 of $1.8 million.
Alex Moczarksi, the president and chief executive officer of broker Guy Carpenter has taken on the additional role of chairman of Marsh & McLennan International.