International News

Philippine Flooding Kills at Least 6, Displaces Many Thousands

At least six people died and tens of thousands fled their homes as monsoon rain triggered flooding in the Philippine capital and nearby areas, reminiscent of the deadly Typhoon Ketsana nine years ago. About 1.1 million people have been affected …

Chubb Appoints Nazir from Aspen as Cyber Underwriting Manager, UK & Ireland

Chubb announced the appointment of Raheila Nazir as cyber underwriting manager for the UK and Ireland. In this role, Nazir will have responsibility for the leadership and direction of Chubb’s UK&I Cyber Underwriting team, in addition to managing product development …

Starr Partners with Travel Shield on Canadian Medical Insurance Super Visa

Starr Companies will underwrite a Super Visa Insurance product sold by Travel Shield, a trade name used by Mars Empire Group Inc. The product is designed to meet the medical insurance requirements of the Canadian super visa program. The super …

2nd Chinese Manufacturer Makes Tainted, Carcinogenic Heart Drug: EU

The European Medicines Agency (EMA) said on Friday that a second Chinese contract manufacturer, Zhejiang Tianyu, had produced a common blood pressure and heart drug with an impurity that could cause cancer. The alarm over the valsartan drug was first …

UK Should Drop Migration Target After Brexit: Business Lobby

The UK should drop its net migration target after Brexit and introduce a system for arrivals from the European Union that better meets employers’ needs, Britain’s biggest business lobby group said. The recommendations published Friday by the Confederation of British …

Zurich Canada Promotes Mered to CEO

Zurich Insurance announced the appointment of Saad Mered to CEO and chief agent of Zurich Canada, effective Oct. 1, 2018. Mered is currently chief claims officer for Zurich Insurance Group. In his new role, Mered will report to Zurich North …

July’s Droughts, Wildfires, Floods Caused Billions in Global Economic Losses: Aon

Many countries across the globe saw worsening in drought-related and wildfire conditions during July, which have led to hundreds of deaths and created a significant financial impact – particularly in the agriculture, forestry, water management and fisheries industries. This was …

Sicilian Gangsters Crushed Limbs to Fake Car Accidents in Insurance Fraud: Police

Sicilian gangsters dropped 25-kilo (55-pound) cast-iron weights on the limbs of drug addicts, alcoholics and other vulnerable people to obtain insurance payments for fake car accidents worth hundreds of thousands of euros, police said Wednesday after making 11 arrests in …

Global Commercial Insurance Prices Rise for 3rd Consecutive Quarter: Marsh

Global commercial insurance prices rose in the second quarter of 2018, marking the third consecutive quarter of increases, according to Marsh’s “Global Insurance Market Index.” These average increases were driven by property insurance, which continued to be affected by 2017’s …

3rd Major Earthquake Hits Indonesian Island of Lombok; Deaths Top 300

The Indonesian island of Lombok was shaken by a third big earthquake in little more than a week Thursday as the official death toll from the most powerful of the quakes topped 300. The strong aftershock, measured at magnitude 5.9 …

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