International News

Beattie to Head Miller’s Expanded Asia Construction Offering

UK-based broker Miller Insurance Services LLP announced that it has “implemented plans to grow its Asia construction book with the appointment of producer Paul Beattie as Head of Construction, Asia.” Beattie has over 20 years’ experience in production and broking. …

Undersea Search for Missing Malaysian Airliner Refined

The massive undersea search area for a missing Malaysian airliner in the southern Indian Ocean could be extended farther south based on new satellite analysis, only weeks before the multimillion dollar, yearlong sonar hunt for wreckage is due to begin, …

How Insurance Can (or Can’t) Help You – a True Story

When it comes to personal lines insurance there are really only two attachment points – acquiring the policy and making a claim. The first is fairly simple, although less so if you happen to be a young driver. It’s the …

Willis Re Strengthens Senior Management Team in Canada

Willis Re Inc., the North American reinsurance operation of Willis Group Holdings plc announced the appointment of Geoff Lubert as Managing Director and Executive Vice President of Willis Re Canada, replacing Robert Wildbore, who will be returning to the UK …

S&P Report Urges ‘Disaster Resilience’ with Governments for Reinsurers’ Growth

Standard & Poor’s Rating Services announced the publication of its “Global Reinsurance Highlights” to coincide with the 2014 Reinsurance Rendezvous in September. S&P described the report as providing “a detailed perspective on the market, focusing on the competitive pressures that …

Baloise of Switzerland Profit Jumps on Life Insurance Sales

Baloise Holding AG, Switzerland’s third-biggest insurer, said first-half profit jumped 43 percent, boosted by earnings from life insurance. The shares rose on expectations for a higher dividend. Net income increased to CHF349.9 million ($383 million) from CHF244.8 million [$268 million] …

Dutch SNS Reaal Expects Wide Interest for Insurance Division Sale

SNS Reaal, the Dutch financial services group nationalized last year, said international and domestic parties had expressed interest in its insurance operations which will go up for sale in September. The comments came as the financial services group, which was …

Munich Re Joins Broker Steadfast to Acquire Australia’s Calliden Insurance Operations

Munich Re’s primary insurance subsidiary Great Lakes Australia (GLA) has reached an agreement to support Australia’s largest broker network, Steadfast Group in their proposed acquisition of Calliden Group Ltd. Munich Re said it plans to “acquire the authorized insurer, Calliden …

Global Atlantic Announces Retirement of Ariel Holdings Co-CEO Milligan

Bermuda-based Global Atlantic Financial Group Limited announced that Tom Milligan, Co-CEO of its Ariel Holdings Limited subsidiary, will retire upon the closing of the planned sale of Ariel Re companies to Brazil’s Banco BTG Pactual S.A. Tom Hulst, currently Co-CEO …

IPCC Sends Draft Synthesis Report to Governments for Comments

The Intergovernmental Panel on Climate Change (IPCC) announced that the authors have “finished drafting the Synthesis Report of the Fifth Assessment Report (AR5) and sent the draft to governments for comments on the text.” The IPCC noted that this is …

International News Archives by Month