International News

A.M. Best América Latina Chief Resigns; Keenan Assumes Interim Role

A.M. Best announced today that Manuel Agustin Calderón de las Heras has resigned from his position as managing director of A.M. Best América Latina to pursue other opportunities. Calderón de las Heras has been with A.M. Best for the last …

Global Insured H1 Losses from Natural, Man-Made Disasters Were $23B: Swiss Re

Global insured losses from natural catastrophes and man-made disasters in the first half of 2017 totaled US$23 billion, while economic losses during the same period came to US$44 billion – an indication of the extent of the protection gap that …

XL Catlin Taps Willis Towers Watson’s Piper as UK Client & Distribution Director

XL Catlin announced the appointment of Louise Piper as UK Client and Distribution director, effective Sept. 1, 2017. In this role, Piper will be responsible for working with brokers and clients to ensure that XL Catlin continues to provide the …

Group Led by Yunfeng Financial to Buy MassMutual’s Asia Unit for $1.7B

A group led by Yunfeng Financial Group Ltd., the company backed by billionaire Jack Ma, agreed to buy an Asian unit from Massachusetts Mutual Life Insurance Co. to add insurance products to the array of financial services it offers to …

UK-EU Post-Brexit Trade Deal ‘Desirable but Not Essential’: Report

A UK trade deal with the European Union after Brexit is desirable but not essential, the Institute of Economic Affairs said, in support of Prime Minister Theresa May’s repeated assertion that no deal is better than a bad deal. Britain …

5 Suspected Terrorists Shot Dead by Police After Barcelona’s Deadly Attack

Five suspected terrorists were killed by police and six civilians were injured in a confrontation in a town south of Barcelona, hours after 13 people died when a van rampaged down the city’s iconic Las Ramblas avenue. One Catalan police …

Update: Vehicle Plows into Barcelona Pedestrians with 13 Dead, 50 Injured

A van plowed into pedestrians on Barcelona’s most iconic avenue at the height of the tourist season in a terrorist attack that left 13 people dead and echoed similar incidents in other European cities. Catalonia’s regional government said 50 people …

NotPetya Cyber Attack Cost World’s Biggest Container Shipping Line up to $300M

The June cyber attack that paralyzed the computer systems in companies around the world is estimated to have cost the world’s biggest container shipping line between $200 million and $300 million, A.P. Moller-Maersk said Wednesday. The Copenhagen-based group, which was …

Swiss Re Corporate Solutions Forms Global Contingency & Sports PA Team

Swiss Re Corporate Solutions has created a global Contingency and Sports Personal Accident (PA) team and appointed Jonathan Cole as head Contingency and Sports PA, effective immediately. Cole will be responsible for expanding these lines of business across the four …

China’s Ping An Reports Biggest Half-Yearly Profit in Decade

Ping An Insurance Group Co of China , the country’s second-largest insurer by market value, on Thursday reported its biggest half-yearly profit in at least a decade on robust growth in life insurance premiums. The strength in Ping An’s life …

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