International News

Jardine Lloyd Thompson Announces Senior Employee Benefit Appointments

London-based Jardine Lloyd Thompson Group plc announced several senior management appointments within its UK Employee Benefits business and JLT Asia. These appointments are subject to obtaining the appropriate regulatory approvals, where required. Mark Wood is retiring from his role as the CEO …

Pilots Disabled Critical Computers Just Before AirAsia Crash 

The pilots of AirAsia Bhd. Flight 8501 cut power to a critical computer system that normally prevents planes from going out of control shortly before it plunged into the Java Sea, two people with knowledge of the investigation said. The …

XL Appoints Turner as Lead Consultant for Complex Accounts Team

XL Group announced it has appointed Rob Turner as lead consultant to establish its Complex Accounts capabilities in London. The company said it set up its Complex Accounts team in 2012 because it saw the opportunity and the market requirement …

Validus Holdings Reports Net Income of $481.3 Million for 2014

Bermuda-based Validus Holdings Ltd. reported net income available to Validus of $125.9 million, or $1.38 per diluted common share, for the three months ended December 31, 2014, compared to $95.3 million, or $0.93 per diluted common share, for the three months …

Willis, Clark Thomson in Commercial Network Tie; SME Transfer

Willis Group Holdings announced that Scottish independent broker, Clark Thomson Insurance Brokers Ltd (CTIB), has agreed to join Willis Commercial Network (WCN) in a deal that includes the purchase of Willis’s Commercial business unit in Scotland, which focuses on small …

ACE Reports $827 Million Q4 Operating Income; $3.3 Billion Full-Year

ACE Limited reported Q4 operating Income of $827 Million and record full-year Earnings of $3.3 Billion, up 4.7 percent per share. Net income for the fourth quarter ended December 31, 2014, was $1.66 per share, compared with $2.90 per share …

New Analysis Reveals Political Risk Exposures around the World: Willis

Willis Group Holdings has published a new analysis from Oxford Analytica in the form of the “VAPOR Political Risk Model,” which, it said, “helps companies assess the financial exposure to a suite of political risks for the first time. As …

Research Shows Climate Change Will Cause More Extreme La Niña’s

Pacific Ocean La Niña events that trigger droughts in the U.S. Southwest, floods in China and raise the chances for tropical systems in the western part of the basin, as well as in the Atlantic, will likely occur twice as …

AirAsia Plane Rose to Unauthorized Altitude Minutes before Crash

AirAsia Bhd. Flight 8501 climbed to an unauthorized altitude fast and steep before the aircraft fell into the ocean, Indonesian investigators said in their first description of the last moments of the ill-fated plane. From a cruising altitude of 32,000 …

Berkshire’s Commercial Insurer Hires AIG, Chubb Execs to Enter Canada Market

Berkshire Hathaway Inc.’s commercial insurance unit is expanding into Canada as it seeks to win over new clients by offering bigger coverage limits than competitors. The unit, Berkshire Hathaway Specialty Insurance, said it hired Darryl DeSouza from American International Group …

International News Archives by Month