U.S.-based investment firm Berkshire Hathaway Inc. will buy a 3.7% stake in Insurance Australia Group Ltd. for $500 million Australian ($388 million) as part of a strategic relationship with the insurer, The... Read more »
A seismic risk map commissioned by Chilean insurers' association might translate into a more accurate calculation of reserves by insurers, and consequently may reportedly lead to a fall in premiums for earthquake... Read more »
Nepal's nonlife insurers have received claims worth NPR 13.86 billion ($135 million) related to the recent earthquake that hit the country, with Sagarmatha Insurance Co. Ltd. receiving the most, E Kantipur reported. Read more »
About 7,000 people living in Japan's Tochigi prefecture have sought compensation worth 1.85 billion Japanese yen ($15 million) from Tokyo Electric Power Co. over the Fukushima nuclear plant disaster in 2011, The... Read more »
A.M. Best Co. Inc. has said that the surplus reinsurance capital is likely to affect property/casualty insurance share prices, reported Artemis.bm. Read more »
The G7 nations have agreed to establish a new insurance fund to help improve the global supply chain following the Rana Plaza disaster in Bangladesh in 2013, Fibre2fashion.com reported. Read more »
The G7 nations have agreed to establish a new insurance fund to help improve the global supply chain following the Rana Plaza disaster in Bangladesh in 2013, Fibre2fashion.com reported. Read more »
General Insurance Corp. of India has decided to apply for membership of a Lloyd's of London syndicate member, reported Indiainfoline citing the Economic Times. Read more »
Ursula von der Leyen, Germany's defense minister, has said that the country is increasingly at risk of cyber attacks, reported TechWeekEurope UK citing newspaper Welt am Sonntag. Read more »
An oil spill into New Zealand's Tauranga Harbor from a Mobil Oil New Zealand Ltd. pipe has cost the company nearly $700,000 New Zealand ($489,900) in clean-up bills so far, reports 3news.co.nz. Read more »