International & Reinsurance News

Analysis: Deadly New Bird Flu Virus Vindicates Controversial Research

Scientists in the Dutch city of Rotterdam know precisely what it takes for a bird flu virus to mutate into a potential human pandemic strain, because they’ve created just such mutant viruses in the laboratory. So, as they watch with …

Aon, Manchester United Extend Sponsorship Pact for 8 Years

Manchester United plc and Aon plc have announced what is described as an “innovative new business partnership.” Their current tie-up, which began with the 2010-11 football (soccer)season, will be extended for another 8 years, as of July 1, 2013 until …

Xchanging Begins Launch of Free-to-all Wi-Fi in City of London

Xchanging, the business process, procurement and technology services provider and integrator, announced that it has begun the roll out of free Wi-Fi access in the City of London. The announcement said “the first installation at 34 Leadenhall Street will be …

German Minister Says Tax Haven Report Will ‘Increase Pressure’

German Finance Minister Wolfgang Schaeuble said on Friday he was glad the identities of thousands of holders of bank accounts in tax havens had been leaked because it would help do away with a business model that Cyprus had shown …

Sources Say UBS Was Mystery Lender for Thai Group’s Ping An Deal

The mystery lender behind a Thai billionaire’s $9.4 billion purchase of a stake in China’s No.2 insurer was UBS, which offered the region’s fourth largest bridge loan ever and a complex financing package known to only a few involved, people …

Aon Benfield Cat Report: Severe Winter Causes $1.8bn Econ. Loss in Europe

The latest catastrophe report for the month of March from Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, highlights the sub-freezing temperatures across Europe, which have caused economic losses of an estimated $1.8 billion. The Global …

NOAA’s CPC Sees El Niño Problems ‘Unlikely’ in No. Hemisphere for Summer

The U.S. national weather forecaster reiterated on Thursday its forecast that the much-feared El Niño phenomenon is unlikely to affect the Northern Hemisphere weather into the summer months. In its monthly report, the National Oceanic and Atmospheric Administration’s Climate Prediction …

Analysts Say Asia-Pacific Trade Talks Could Stretch Well into 2014

Free-trade talks between the United States and 10 countries in the Asia-Pacific region could stretch into late next year, especially if Japan joins the negotiations, former U.S. trade officials said on Wednesday. “While it’s true that meaningful progress has been …

Heavy Rains Flood Argentina’s Capital; 5 Dead

Torrential rains in Argentina’s capital triggered flooding responsible for at least five deaths on Tuesday. A record 6.1 inches (155 millimeters) of rain fell in just two hours in Buenos Aires. That’s equal to all of the normal rainfall for …

Lloyd’s List Joins Containerisation International for Shipping Intelligence

Two important shipping industry publications – Lloyd’s List and Containerisation International – have come together on one website in order to provide subscribers with a “one-stop-shop for news, analysis and market intelligence in the containers sector.” Adam Smallman, Head of …

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