International News

Ebola ‘Tipping Point’ Could Come By Late January, Reports RMS

The Ebola virus disease outbreak in West Africa has the potential to be the most deadly infectious disease event since the 1918 flu pandemic, according to a new report by catastrophic risk modeling firm RMS. RMS said the current outbreak …

Early Insured Loss Estimates on Hurricane Gonzalo Up to $400M

Early estimates by catastrophe modeling firms indicate insured losses from Hurricane Gonzalo in Bermuda will come in between $200 and $400 million. EQECAT estimates $300 million in insured losses, about the scale caused by Hurricane Fabian in 2003. Both storms …

Russia Air Safety Record Near Bottom of Global League

Regardless of who is to blame for the death of Total’s boss at the Moscow airport favored by President Vladimir Putin, it reinforces an indisputable fact: Russia’s air-safety record is dreadful and the wave of crashes is not abating. Numerous official investigations and a …

Kempthorne Named Chair of Global Federation of Insurance Associations

The Global Federation of Insurance Associations (GFIA) has announced the appointment of Governor Dirk Kempthorne as its new chair, for a two-year term. Kempthorne, who is president and CEO of the American Council of Life Insurers, replaces Frank Swedlove, the …

Nissan Expands Global Recall by 260,000 Vehicles

Nissan Motor Co. expanded a global recall of cars using Takata Corp.-made air bags, which have been linked to four deaths in Honda Motor Co. cars. Nissan will call back 260,000 vehicles worldwide, including 104,905 units in Japan, Yuriko Masuda, …

Hopper Appointed Head of Energy for ANV Syndicate 1861

ANV Holdings BV, the Dutch headquartered specialty insurance business, has appointed John Hopper as head of energy to lead its energy underwriting team within ANV Syndicate 1861. Hopper comes to ANV after being a leading member of the offshore energy division …

Towers Watson Predicts Moderate Global Growth, Downside Risks

Towers Watson says that overall global growth in the next three to five years will be moderate and divergent on a country basis, and risks to global growth are skewed to the downside in its report entitled “Secular Outlook 2014: …

India’s Cyclone Hudhud May Have $400 Million Price Tag

Cyclone Hudhud, which hit India’s east coast last week, probably cost insurers $100 million to $400 million, modeling firm AIR Worldwide said. The storm damaged transportation infrastructure, power supply systems and more than 40,000 homes, the Boston-based modeler said today …

Eight P&C Insurers Get Top Marks for Climate Change Risk Management

Munich Re and ACE Ltd. are among insurers that are best prepared to manage risks related to climate change, a lobbying group said. The nine insurers that were found to be integrating climate change into underwriting and investments also included …

Remnants of Hurricane Gonzalo Bring Rain, Wind to Europe

The remnants of Hurricane Gonzalo battered Ireland and the United Kingdom with locally damaging winds and downpours on Monday night and Tuesday. Widespread wind gusts of 65 to 90 kph (40 to 55 mph) were reported across Ireland and the …

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