Venezuela News

Arocha to Lead Cooper Gay’s Business Production in Venezuela

Cooper Gay Swett & Crawford (CGSC), the global reinsurance, wholesale and specialty broker, has appointed Rafael Arocha as head of Cooper Gay’s business production in Venezuela with immediate effect. He is based at Cooper Gay’s regional headquarters in Miami and …

Venezuelans Threaten Mass Lawsuits for Faulty Breast Implants

Some 2,000 Venezuelan women are threatening to sue doctors, private clinics and distributors for faulty PIP breast implants if they do not get free replacements in one of the world’s hottest markets for plastic surgery. The image-conscious South American country …

BP’s Gulf Spill Costs Look Manageable 8 Months Later

As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No more. Cleanup, government fines, lawsuits, legal fees and damage claims will likely exceed the $40 billion that BP has publicly …

BP’s Gulf Spill Costs Look Manageable 8 Months Later

As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No more. Cleanup, government fines, lawsuits, legal fees and damage claims will likely exceed the $40 billion that BP has publicly …

Panama Canal Traffic Halted Due to Heavy Rains

Traffic in the Panama Canal, a major shipping waterway that connects the Atlantic and Pacific oceans, has been suspended temporarily due to heavy rains, the canal authority said Wednesday. “We are taking steps to normalize traffic operations in the coming …

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 …

Willis Names Fyfe Regional Specialist Leader for Latin America

Willis Group Holdings announced the appointment of Edward Fyfe as Regional Specialist Leader for Latin America. He is based in Peru, and “will strengthen the linkage between Willis’ Latin America operations and its Global Specialties business in the region which …

Venezuelan Plane Crash Kills 14; More Survive: 4 Missing

At least 14 people were killed Monday when a plane owned by Venezuela’s state-run airline Conviasa with 51 people on board slammed into the yard of a steel mill, officials said. Four on board were reported missing. The ATR-42 plane …

Venezuela to Nationalize La Previsora Insurance Company

Venezuela’s parliament voted Wednesday to nationalize one of the country’s main insurance companies, Seguros La Previsora, which was shut by the authorities in December on suspicion of illegal activities. The company had been out of action since then, when officials …

BP Test of New Cap on Gulf Oil Well Could Be Turning Point

BP Plc prepared on Tuesday to test a new cap on its runaway well, arresting the flow of oil which has been gushing into the Gulf of Mexico for the last 12 weeks. [According to Reuters BP Plc will launch …