In response to the Gulf Coast oil spill disaster in which 11 people were killed, British Petroleum said it is forming a safety and risk unit that will report directly to the company's incoming chief executive officer.
Terrorist attacks, hurricanes and pandemic risks top the list of "Top Ten Mega Disasters" of the past decade, according to a report released by Zurich.
Here at the Reinsurance Rendez-Vous in Monte Carlo, after conversations with attendees including ratings agencies, reinsurers and brokers, I came to one conclusion: that reinsurers ...
Rating agencies, carriers and brokers spent the week here at the annual reinsurance rendezvous speculating about how long the currently soft but stable market can be sustained, given the looming threats on the horizon.
MONTE CARLO--The international markets present a number of opportunities for an industry that is rich in capital and looking for growth, a Guy Carpenter executive said here.
Rating agencies, carriers and brokers spent the week at the annual Monte Carlo Reinsurance Rendezvous speculating about how long the currently soft but stable market can be sustained, given the looming threats on the horizon.
MONTE CARLO--Regulation is one of the biggest issues now facing the insurance and reinsurance industry, Lloyd's chief executive said at a breakfast meeting here.
The international markets present a number of opportunities for an industry that is rich in capital and looking for growth a Guy Carpenter executive said at Rendez-Vous in Monte Carlo.
With the Deepwater Horizon disaster still looming over the industry, insurers must be able to better deal with losses and damages arising from offshore drilling operations, Munich Re said in a press conference here.