Mar 2014

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Global News

Coastal states urged to adopt IMO Places of Refuge guidelines

Shipowners, salvors and insurers - through their respective trade associations - have jointly called for the prompt and proper implementation of international measures to provide a Place of Refuge for stricken vessels, following a series of incidents where casualty vessels have been delayed in accessing a safe harbour.

Corporate cash is key to the growth of risk assets in 2014

Standard Life Investments, the global investment manager, believes that global equity markets can move higher if corporate earnings come through and companies invest their war chests of cash.

Takaful contributions forecast to exceed US$20 bln this year - KFH

Gross contributions of the global takaful industry this year are expected to surpass US$20 billion. They are estimated to have already totalled nearly $19.87 billion last year.

Preparations for ING Insurance's IPO on track

Preparations for ING Insurance IPO are on track, said Mr Ralph Hamers, CEO of ING Group, adding that they "intend to go to the market this year, assuming conditions are favourable".

Lloyd's to set up Dubai office

Lloyd's has entered into a discussion to set up a Lloyd's outfit in Dubai, said Intelligent Insurer.

Denis Kessler inducted into 2014 Insurance Hall of Fame Awards

The International Insurance Society (IIS) has announced Dr Denis Kessler, Chairman & CEO of SCOR, as the 2014 Insurance Hall of Fame inductee.