Bermuda-based Oil Insurance Ltd. has posted a $731 million profit for 2014, reports The Royal Gazette. Read more »
A survey by U.S.-based Neustar Inc. has found that distributed denial-of-service attacks could expose around 40% of businesses to hourly losses of about £100,000 ($148,130) during peak times, ComputerWeekly.com reported. Read more »
The International Union of Marine Insurance's recently released Spring Statistics shows that hull losses continued to fall, Hellenic Shipping News reports. Read more »
Netherlands-based Vitol Holding B.V. is seeking an insurance cover of around $470 million from the Multilateral Investment Guarantee Agency for the Sankofa Gas Field in Ghana, Ghana Business News reported. Read more »
Bahrain-based Trust International Insurance & Reinsurance Co. B.S.C.'s gross written premium increased 14% year on year to $452.6 million in 2014, reports Asia Insurance Review. Read more »
Peter Armstrong, head of cyber risks at U.K.-based Willis Group Holdings P.L.C., has said that Brazil has a long way to go in strengthening the cyber insurance market, Segs.com.br reports. Read more »
Heavy downpour and floods have claimed several lives and caused huge crop damage in Peru, Chile and Ecuador, FreshPlaza reports. Read more »
Manuel Goncalves, chief executive of Angola's ENSA – Seguros de Angola S.A., has said that insurers in the country are prepared to cover risks arising from importing goods, reported Angola Press. Read more »
The civil affairs department of China's Guizhou province has said that 23,000 people in the province's Jianhe County have been affected by a magnitude 5.5 earthquake that recently hit the province, Xinhua... Read more »
Securities class action filings involving allegations of accounting issues increased by 47% in 2014 compared with 2013, despite there being little change in the overall level of securities class action filings, according... Read more »