Caribbean
US East coast on alert as tropical storm Danielle gathers pace
At 21:00 UTC on Sunday, 22 August, RMS reports a tropical depression (six) located about 770 miles (1240 km) west of the southernmost Cape Verde Islands in the Atlantic Ocean, developed into the fourth named storm of the 2010 Hurricane Season – Tropical…
Caribbean risk pool prepares for "above normal" hurricane activity
All 16 members of the Caribbean Catastrophe Risk Insurance Facility have renewed their policies for hurricane and earthquake coverage for the 2010/11 year beginning on 1 June – the start of the hurricane season.
Aon lists five earthquke hotspots
Aon Benfield has identified the Caribbean, Cascadia in North America, Chile, Indonesia and Japan as areas where mega-earthquakes of moment magnitude (Mw) 8+ are most likely to occur in the future.
XL remains in S&P 500 index
XL Capital will remain in Standard and Poor’s 500 index following redomestication of the parent holding company from the Cayman Islands to Ireland.
Sagicor revenue climbs to $1.2bn
The Sagicor Group of Companies reported total revenue for the year climbed to $1.2bn (£781m) from $1.1bn for the previous year. Premium revenue, net of reinsurance, grew by $130.9m or 18.4% to reach $842.9m.
Gallagher and Zenith in merger
Caribbean insurance broker CGM Gallagher Group has merged its commercial insurance broking portfolio with that of Zenith Insurance Brokers.
Marsh promotes Ricardo Brockmann to CEO of Latin America and Caribbean
The current CEO of Marsh Mexico is to replace Thomaz Menezes who has decided to leave the company to pursue other opportunities.