- Allianz Global Corporate unit makes executive moves
Allianz Global Corporate & Speciality, a unit of Munich-based Allianz S.E., has announced a series of senior underwriting appointments.
- Munich Re on track for profit target, lifting shares
(Reuters) — German reinsurer Munich Re said it was on course to reach its full-year earnings goal after realized investment gains helped offset higher natural disaster claims to produce a small fall in second quarter profit.
- Australia sets up cyber-intelligence unit
(Reuters) — Australia has set up a cyber-intelligence unit to identify terrorism financing, money laundering and financial fraud online, the government said on Tuesday, because of “unprecedented” threats to national security.
- Swiss Re makes Middle East, Africa reinsurance appointment
Swiss Re Ltd. has appointed Tavaziva Madzinga as reinsurance managing director and market executive for Middle East and Africa effective Nov. 1, it announced Tuesday.
- New Starr unit gets 'A' rating from Best
A.M. Best Co. Inc. has assigned an A financial strength rating to Starr International (Europe) Ltd., it said Monday.
- Quiet quarter boosts Crawford profits
Crawford & Co.’s profits more than doubled in the second quarter of 2016 despite a revenue drop led by volume declines in major cases and foreign exchange headwinds.
- Global crisis management and political risk insurance to grow: KPMG
KPMG L.L.P. has said in a report that the global crisis management and political risk insurance market is expected to top $10 billion by 2018, GTNews.com reported.
- Italian watchdog fines Volkswagen $5.5 million over emissions scandal
Italy’s anti-trust agency said that it has imposed a €5 million ($5.5 million) fine on German automaker Volkswagen A.G. over the emissions scandal, Reuters reported.
- Firefighters battle hundreds of forest fires across Portugal
Authorities have said that over 4,400 firefighters are battling hundreds of forest fires across Portugal, Lancaster Online reports.