Hong Kong News

London: International Insurance Center

Systems Changes, Technology, Talent Pool Position London Market for the Future London’s insurance market comprises general carriers, specialty carriers, reinsurers, brokers, underwriters, claims handlers, lawyers, accountants and their adjuncts, who work together to sell “The City’s” – London’s financial and …

Rescuers Continue Digging As Indonesia Earthquake Toll Tops 1,000

Rescuers dug feverishly on Friday through the rubble of a school and other buildings toppled by an earthquake in the Indonesian port of Padang, but few victims were being found alive two days after the tremor. The United Nations said …

Kiln Enters Space Market

R J Kiln & Co Limited, the international insurance and reinsurance underwriting group, has announced its entry into the space market with the appointment of specialist space underwriter, Laurent Esquirol, who will write business from its Paris office. He has …

People

Zurich in North America named Marcus Cooper as senior vice president for national sales and strategic relationships, effective immediately. Cooper replaces Mike Vaught, who is retiring. Cooper will continue serving as South Central regional executive until a replacement is hired. …

AIR Tracking ‘Super Typhoon’ Choi-Wan, a Category 5 Storm

According to catastrophe risk modeling firm AIR Worldwide, tropical cyclone Choi-Wan, currently raging in the Pacific Ocean, is a Category 5 storm, or “super typhoon,” with wind speeds reaching 200 mph, 320 km/hr. The storm has passed the Northern Marianas …

RMS Warns Tropical Storm Koppu Threatens Southern China

Risk Management Solutions is currently tracking the progress of tropical storm Koppu. As of this morning, the storm was located over the South China Sea, approximately 130 miles (210 kms) south southeast of Hong Kong. Koppu is expected “to continue …

AIG to Sell Asset Management Unit for $500M

American International Group Inc agreed Saturday to sell a part of its asset management business to Hong Kong tycoon Richard Li’s Pacific Century Group for about $500 million, in the first major asset sale under the watch of its new …

Event Cancellation Insurance

Coverage For When the Show Just Can’t Go On Michael Jackson’s recent untimely death has produced a flurry of articles in the mainstream media. Aside from tributes to the deceased, many of them have focused on what outlays and expenses, …

Shankar Joins Aon’s Asia Pacific Consulting as Chief Commercial Officer

Aon Consulting, the global human capital consulting organization of Aon Corporation, announced that 20-year industry veteran Anand Shankar has joined the firm in the newly created position of Chief Commercial Officer, Asia Pacific. He will lead sales strategy and efforts …

Report AIG’s Taiwan Unit Gets 3 Low Bids

Three bidders for AIG’s Nan Shan Life unit have offered less than $1.5 billion, far below the $2 billion the insurer had expected, sources close to the companies said on Friday, throwing the sale into doubt. Friday was the deadline …