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China Re opens representative office in Hong Kong
China Re has opened its latest office in Hong Kong just days after it opened a representative office in London.
21 April 2008
Fairfax: US economy facing one-in-100-year crash
The US economy woes are set to continue and worsen as it faces a one-in-100-year crash similar to the 1929 stock market meltdown that preceded the Great Depression, according to Prem Watsa, head of Fairfax Financial Holdings.
21 April 2008
UK motor rates in surprise fall
UK motor insurance rates will have to increase by approximately 20 percent for the sector to return to profitability, according to UK financial services firm AA's recent Insurance Index.
21 April 2008
Gibraltar regulator appoints new insurance chief
The Financial Services Commission (FSC) of Gibraltar has appointed Michael Oliver as head of insurance.
21 April 2008
Major quake in California almost certain within next 30 years
There is almost a 100 percent chance of a major earthquake in California within the next 30 years according to the latest findings from the US Geological Survey (USGS).
21 April 2008
Large risk losses to hit Munich Re Q1 results
Munich Re warned its first quarter 2008 profits are likely to be down on last year's, following "major losses" in the first three months of the year.
21 April 2008
Brazil deregulates in spite of delay rumours
Lloyd's became the first admitted reinsurer in Brazil on 17 April despite doubts over whether the long-awaited deregulation would go ahead.
21 April 2008
RBS cash raise could include sale of insurance subsidiaries
Credit crunch-hit Royal Bank of Scotland (RBS) could sell insurance subsidiaries Direct Line and Churchill to raise up to £5bn, according to industry commentators.
21 April 2008
IAG in play as QBE initial overtures rejected
Insurance Australia Group's (IAG) share price rocketed last week as the Australian insurer rebuffed a series of merger approaches from rival QBE Insurance with shareholders speculating that the firm is a prime candidate for takeover.
21 April 2008
Three dead as La Niña blamed for early Chinese typhoon
Three people have been confirmed dead and 40 are missing after Typhoon Neoguri slammed into southern China at the weekend.
21 April 2008
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