International News

Dutch Court Rules Gas Producer NAM Must Compensate Quake Zone Homeowners

A Dutch court ruled on Wednesday that gas producer NAM must compensate homeowners for falls in the value of their properties due to earthquakes linked to gas production at the Groningen field in the north of the Netherlands. The ruling …

Study Says European Insurers’ Assets under Management Hit $11 Trillion

European insurers’ assets under management jumped 9.4 percent to €9.9 trillion ($11.15 trillion) in 2014 from a year earlier, trade body Insurance Europe said on Tuesday, mainly driven by increased investment by life insurers. European gross written premiums rose by …

ACE Promotes 6 in International Energy Team

ACE Group announced six appointments to its ACE Global Markets (AGM) and ACE Overseas General (AOG) energy teams. All appointments are based in London and are effective immediately. Matthew Hardy has been appointed product head AGM Energy and head of …

Hindson Joins Argo Group as Chief Risk Officer

Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance and reinsurance products, announced that Alex Hindson has been appointed as chief risk officer. Hindson joins Argo Group from Amlin AG where he served as chief risk officer for …

Hurricane Strikes Cape Verde in East Atlantic — First Time Since 1892

Something rare happened out in the Atlantic  — a hurricane hit Cape Verde. The islands off the coast of Africa lend their name to some of the most powerful storms the Atlantic produces, yet they themselves rarely get hit. According to …

Willis UK, AIG Launch Automatically Renewing Policy for Mid-Market

Willis Group Holdings and American International Group, Inc. have launched “Evergreen,” described as “an innovative, new approach to insurance that removes the need for annual policy renewal – the first UK mid-market offering with no renewal date that covers major …

Qatar Re to Change Corporate Domicile to Bermuda

Qatar Reinsurance Company LLC (Qatar Re) has announced its intention to transfer its seat of incorporation from the Qatar Financial Centre to Bermuda, during the fourth quarter of 2015. The move is subject to regulatory approvals. The announcement explained that …

Lloyd’s Casualty Reinsurance Underwriters Concerned History Repeating Itself

Lloyd’s international casualty reinsurance underwriters are running the risk of repeating the same mistakes that have placed the market in difficulty in the past, according to a new straw poll of Lloyd’s reinsurance specialists. The survey conducted by the Lloyd’s …

As Climate Talks Resume, Divisions Between Poor & Rich Nations Highlighted

Just days before global negotiators were set to meet for talks on climate change, Tropical Storm Erika killed at least 20 people on Dominica. The small Caribbean island evoked the tragedy to highlight divisions between industrialized nations and developing economies …

El Nino in Pacific Strongest Since Record Event in 1997-1998

The El Nino that’s changing weather across the globe is now the strongest since the record event almost two decades ago. Sea temperature anomalies in the central Pacific Ocean are now at their highest since 1997–98, Australia’s Bureau of Meteorology said in …

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