International News

Insured Global Disaster Losses in First Half Reached $22B: Aon Benfield

Insured losses from global natural disasters during the six-month period ending June 30, 2014 reached $22 billion. That compares to $27 billion in the first half of 2013 and is approximately 19 percent below the 10-year average of $27 billion, …

Typhoon Matmo Targets Taiwan, Southeastern China: AIR Analysis

According to catastrophe modeling firm AIR Worldwide, Typhoon Matmo (called Henry in the Philippines) formed in the Philippines Sea and became a tropical storm on July 17. It is the third typhoon to form in the northwest Pacific basin in …

Aon Launches ‘Technology-based Enhancement’ for WorldAware Solutions

Aon Risk Solutions, the global risk management business of Aon plc, announced the unveiling of its “WorldAware Global Gateway,” which the bulletin described as a “technology-based enhancement to WorldAware Solutions, Aon’s award-winning travel risk management platform.” Aon said the “Gateway …

Smith to Head Guy Carpenter’s EMEA and Int’l. P&I Business

Guy Carpenter & Company, LLC, the global risk and reinsurance specialist and member of Marsh & McLennan Companies, announced the appointment of Simon Smith as Head of EMEA & International P&I Business, effective September 1st. He will be responsible for …

Singapore Tells Airlines to Review Conflict Zone’s Risk Assessments

Singapore’s civil aviation authority has asked airlines based in the city-state to review their risk assessment of conflict zones following the shooting down of a Malaysia Airlines jetliner over Ukraine last week. The deaths of nearly 300 passengers and crew …

Chairman Says Vietnam Insurer PVI Holdings 1st Half Profit to Beat Forecast

PVI Holdings, Vietnam’s second- largest listed insurer, forecast first-half earnings will beat its target by 19 percent, buoyed by an increase in non-life- insurance revenue. After-tax profit for the first six months may be 95.5 billion dong ($4.5 million), while …

ACE Limited Posts $779 Million Q2 Net Income; $1.513 Billion 1st Half

ACE Limited reported net income of $779 million for the first quarter of 2012, compared to $891 million in Q2 2013. For the first six months of 2014 ACE had net income of$1.513 billion, compared to $1.844 billion in the …

XL Group Launches Cyber Liability Coverage in Brazil

After last month’s launch of its cyber liability including professional indemnity coverage for technology companies, XL Group has announced “the launch of a second, more general cyber risks insurance solution serving mid- and large-sized companies across a broad range of …

NHC Tracking Tropical Depression Two

The National Hurricane Center in Miami is tracking a low intensity disturbance in the Atlantic, topical depression two. It is currently about 1025 miles (1645 km) east of the Lesser Antilles with maximum sustained winds of 35 mph (55 km/h), …

Airlines Shocked by Jet Attack; Ask Why No-Fly Zones Are So Rare

A universal no-fly area declared in eastern Ukraine after the downing of Malaysian Air Flight 17 is a rare restriction currently shared only with North Korea, prompting airlines including Deutsche Lufthansa AG to question whether rules for flights over war …

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