Catastrophe modeling firm AIR Worldwide has released an analysis of Typhoon Nangka, which is currently a Category 3 storm “with a central pressure of 950 mb and maximum 10-minute sustained wind speeds of 80 knots (~106 mph 1-minute sustained). The …
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Risk Strategies Co. has acquired MacCorkle Insurance Service in Burlingame, Calif. The terms of the deal were not disclosed. Bernard Lauper, CEO, and Keith Fujishige, principal, will remain with the combined firm, as will their respective teams. MacCorkle provides health …
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The U.S. Department of Justice and FBI said today that they have shut down the underground computer hacking forum known as Darkode and filed criminal charges against 12 individuals associated with the forum. The FBI called the site one of …
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Lloyd’s has announced that it has received approval from the Colombian authorities to open a representative office in Bogotá. The bulletin noted that “under the new Lloyd’s representative office license, Lloyd’s syndicates are able to establish business development and underwriting …
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Iran and world powers reached a historic accord designed to prevent the Islamic Republic from developing nuclear weapons in return for ending sanctions that have crippled the nation’s economy and slashed its oil exports. Here are some of the key …
The article Iran Accord Would End Sanctions on Many Industries Including (Re)insurance appeared first on Insurance Journal.
Authorities say human activity caused a Southern California wildfire that burned four buildings and 49 square miles of forest land. However, it’s unclear whether the fire was set on purpose or by accident. The blaze erupted on June 17 in …
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The insurance industry believes that on the whole, the ACE Ltd. acquisition of Chubb Corp. is a good deal. Industry professionals see the deal as perhaps better for the parties involved than for the property/casualty insurance industry and a better …
The article Poll: Is ACE-Chubb Deal Good or Bad? appeared first on Insurance Journal.
Evacuations orders have been lifted for a Central Washington wildfire, officials said Tuesday. Firefighters worked to continue strengthening fire lines, and do mop up work on the 22,212 acre blaze, which is now 80 percent contained, according to fire officials. …
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Jardine Lloyd Thompson (JLT) Australia, a subsidiary of the London-based insurance, reinsurance and employee benefits firm, has deployed NetSuite OpenAir cloud professional services automation (PSA) solution to run the entire business life cycle of its consulting practice, according to a statement …
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Fairfax India Holdings Corp., the $1 billion fund created by Toronto-based investor Prem Watsa, offered to buy 26 percent more in Indian brokerage IIFL Holdings Ltd.* for $255 million. Fairfax India announced an offer to purchase about 83.1 million shares …
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