International News

Allianz Realigns Industrial Management, Launches Mid-Corporate Line

Allianz Global Corporate & Specialty SE (AGCS), the global industrial insurer of the Allianz Group, is expanding its Board of Management with new regional responsibilities. The company is also introducing a new line of business to serve mid-size companies under …

U.S., EU Urge More Policy Guidance, Specifics in UN Climate Report

The U.S. and European Union are pushing for a stronger explanation about the dangers of climate change and the consequences of failing to stem fossil-fuel emissions in the UN’s most extensive report on global warming. The appeals are detailed in …

Hacala Appointed Financial Institutions Practice Leader, Willis Canada

Willis North America, a unit of Willis Group Holdings, has appointed of Roger Hacala as senior vice president and financial institutions practice leader, Willis Canada. In this new role, Hacala will oversee the financial institutions practice within Willis’s Canada region, …

Weak El Nino May Form in Warmer-Than-Normal Pacific

A weak El Nino will probably develop by the year-end, according to MDA Weather Services. While sea-surface temperatures are warmer than normal across most areas in the tropical Pacific ocean, it still doesn’t qualify as an El Nino, Kyle Tapley, …

AXA CFO Says Euro’s Decline Against Dollar to Help Earnings

AXA SA’s Chief Financial Officer Gerald Harlin said the euro’s decline against the dollar should help earnings in coming quarters as France’s largest insurer posted nine-month sales that were little changed. Sales during first nine months of the year were 69.6 billion …

LexisNexis and Jing You Plan China Joint Venture for Auto Carriers

LexisNexis Risk Solutions, a division of Reed Elsevier, plans to create a joint venture with Jing You, a private supplier of data, software and services to the insurance industry in the People’s Republic of China. The joint venture will supply …

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 …

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