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  • Munich Re has increased its loss estimate for the Chile earthquake to $1bn from $700mn, based on a market loss estimate that has climbed to $8bn from $4-$7bn.
  • Australian insurer QBE has bought CNA's Argentinian subsidiary for $66mn, as it looks to continue its strategy of growth through acquisition.
  • Cooper Gay is set to become the latest independent London market to engage in merger and acquisition (M&A) activity with an imminent move on US wholesaler Swett & Crawford, The Insurance Insider can reveal.
  • Ace hires aviation executive Brett; Jubilee life appointee; Roberts turns to Argo
  • Moody's largest shareholder, Warren Buffett, admitted to the US Congress last week that he "hates" the issuer-based pay model that ratings agencies operate under, but does not think that there is an alternative.
  • Gen Re has extended its global rebranding initiative to its German subsidiary, the Kölnische Rückversicherungs-Gesellschaft (KRG), which will now be known as General Reinsurance AG.
  • A study by two United Nations specialist food agencies has concluded that there can be a profitable commercial market for index-based agricultural insurance, with government and donor help needed to create the underlying infrastructure.
  • European risk managers have banded together with the captive insurance industry to appeal for "special treatment" under Solvency II.
  • The shipowners' protection and indemnity (P&I) clubs look to have emerged from the global shipping and financial crisis as they approach their reporting season for 2009, according to broker AJ Gallagher.
  • The airline insurance market appears to have settled into single digit rate increases in 2010, as the hardening that has followed last year's heavy losses slows.