Denmark News

Aon Benfield Cat Report for November Highlights Cold and Floods

In its latest monthly assessment of the world’s catastrophes for November Aon Benfield highlights the first winter weather event of the season across Europe with “notable affects.” the report, published by the company’s Impact Forecasting team, who evaluate global natural …

Swiss Re Structures $386 Million ‘European Windstorm’ Notes

Swiss Re’s Capital Markets Division has structured €275 million [$386 million] in notes as an alternative risk transfer vehicle, covering European windstorm events, for AXA Global P&C’s Calypso Capital Ltd., a special-purpose company incorporated in Dublin, Ireland. “The notes, which …

U.S. Says Climate Talks Fail to Make Headway

The United States said on Wednesday U.N. climate talks were making less progress than hoped because of a rift over poorer nations’ emission goals, and that other avenues might be needed to tackle climate change. Negotiators from 177 governments are …

Danish Regulators Select U.S. RE for Terrorism Risk Capacity Study

U.S. RE ApS, the European subsidiary of U.S. RE Corporation, international reinsurance brokers, has been selected by Finanstilsynet, the Danish financial Supervisory Authority, to conduct a study of terrorism risk reinsurance capacity in the Danish market, Mark Lucas, Managing Director, …

Marsh Sees ‘Positive Developments’ in Europe Trade Credit Insurance

According to a report from Marsh’s London office, “new insurance capacity, increased competition for business among insurers and improved risk management have led to positive developments for buyers of trade credit insurance across most of Europe in 2010, following two …

ICC Survey Concludes Economy is Rebounding ‘at a Slower Pace’

The world economy continued its rebound from the worst recession in decades, according to the quarterly ICC/Ifo World Economic Survey released today, but at a slower pace. The survey concluded that “some regions, notably North America and Asia, saw slowing …

19 Killed in Mass Panic at Germany’s Love Parade

Crowds of people streaming into a techno music festival surged through an already jammed entry tunnel on Saturday, setting off a panic that killed 19 people and injured 80 [later reports indicate that more than 300 were injured, many critically] …

Rough Road for Trucking in the New Economy

Rising Taxes, Inflation Will Force Insurance Market to a ‘Déjà vu All Over Again’ The insurance industry has a long history for cyclical price adjusting, featuring long periods of marginal to inadequate premiums followed by relatively brief, startling and disruptive …

OECD Launches Platform to Coordinate International Terrorism Insurance

The heads of all the national terrorism insurance programs of the OECD (Organization for Economic Co-Operation and Development) member countries met earlier this month at the OECD headquarters in Paris in an attempt to assure that terrorism risks will continue …

Bermuda Signs Tax Accord with Italy

Bermuda’s Minister of Finance, the Hon. Paula A. Cox, announced that Bermuda has concluded negotiations for a bilateral agreement with the Italian Republic that will, “upon signing later this year, provide for a full exchange of information on criminal and …