With the Russian cruise vessel M/V Orlova adrift in the Atlantic, the insurance implications of 'ghost vessels' are front of mind
The Turkish general insurance market made a profit of $357m (€260m) in 2013 after four years of poor results.
Organizations must improve their response to cyber risks if they are to avoid a global shock similar to the 2008 financial crisis, insurer Zurich has warned.
Global reinsurers posted solid underwriting gains in 2013, as catastrophe-related losses were manageable and loss reserve development remained favorable, according to Fitch.
CMC Insurance, a global consultancy aiming to rival the big four in the insurance and reinsurance space, has been launched by the team behind banking consultancy CMC Europe.