Archives for Business Insurance
Aon Benfield has said in a new report that insured losses from natural disasters and catastrophe events in the first half of 2015 "were below normal from the recent ten-year average for the third consecutive year," Artemis.bm reported.
Lloyd's of London chief executive Inga Beale told Middle East Insurance Review that "the globe is getting smaller" and "there are going to be multiple centers of insurance," reported Asia Insurance Review.
Security experts have said that cyber attacks pose a huge threat to safety of global airlines, reports The Sydney Morning Herald.
Spain's interior minister, Jorge Fernandez Diaz, has said that the country is facing its highest level of terror threat since 2004 due to the danger posed by Islamic State jihadists, reported Agence France-Presse.
Yamfwa Mukanga, Zambia's minister of transport, works, supply and communications, has urged foreign contractors in the country to insure their businesses locally, Zambia Daily Mail reported.
U.A.E.-based United Insurance Co. P.S.C. has received approval from its shareholders to raise its capital from 100 million U.A.E. dirhams ($27.2 million) to AED 150 million ($42 million), reports Asia Insurance Review.
Nicolas Maduro, president of Venezuela, has declared a state of emergency in the country's Apure state following devastating floods that has hit 40,000 people, reported GlobalPost citing Xinhua.
Insurers have said that take-up of terrorism insurance is likely to grow in India's Goa state, The Navhind Times reports.
A state of emergency has been declared in towns in 14 regions of Peru for 60 days to prepare for damage from El Nino in the rainy season, reported Reuters citing Andina news agency.
After weeks of maneuvering, consolidation among major health insurers began Friday, with Aetna Inc. announcing that it will buy rival Humana Inc. for $37 billion.