Indonesia News

Swiss Re Opens HK Training Center

Swiss Re announced that it has officially opened the “Swiss Insurance Training Centre (HK) [SITC-HK], to mark the company’s 50th year in Asia-Pacific.” Swiss Re said the new facility will provide “state-of-the-art courses for insurance and reinsurance professionals from throughout …

Tonga Fails to Receive Tsunami Alert from Hawaii Center

Minutes after an earthquake struck near the South Pacific nation of Tonga, tsunami warnings began to radiate to countries as far away as Fiji and New Zealand by phone, e-mail and fax. But in the island country closest to the …

ACE Names New Senior Managers for South Africa, New Zealand

The ACE Group of Companies reported the appointment of new senior managers in South Africa and New Zealand. Scott Pickering, country manager and managing director of ACE New Zealand, has been appointed chief executive officer for ACE’s new South Africa …

Allianz Indonesia Offers Sharia Compliant Life and P/C Products

A report on the Allianz Web site (www.allianz.com) notes that the customers of the Group’s Indonesian affiliate can now “buy life and non-life Sharia insurance in a one-stop shopping experience. In the initial launch period, PT Asuransi Allianz Life is …

News Briefs

Aon’s Political Risk Map shows an unsafe world U.S.-based companies with business interests abroad will not be trading in a safer world in 2006, according to Aon’s newly published global business risk analysis in its 2006 Political & Economic Risk …

Aon Issues 2006 Political & Economic Risk Map

“United States-based companies with business interests abroad will not be trading in a safer world in 2006,” according to Aon’s newly published annual global business risk analysis represented in its 2006 Political & Economic Risk Map. Aon said the “map …

Euler Hermes Issues Global 2006 Economic Assessment

Euler Hermes ACI, a provider of trade credit insurance and risk mitigation information, has released a special global risk analysis report from its U.S. headquarters in Maryland. The company, a subsidiary of French insurer AGF, which is in turn part …

Munich Re Reports on Tsunami Loss Inspection Results

Munich Re has released the results of a “loss inspection” conducted on the West Coast of Thailand to assess the consequences of the devastating tsunami, which struck the area one year ago. Experts from the reinsurer’s Geo Risks Research team …

Insurers Warned about Bird Flu “Species Jump”

Even as new reports of deaths caused by the bird flu virus are coming in from Indonesia and Vietnam, the insurance industry received an additional warning about its potential exposures. An article on the Lloyd’s Website [www.lloyd’s.com] reports that the …

A Silver Lining?

The terrorist attacks of Sept. 11, 2001, the tsunami of December 2004, Katrina, Rita, the October 2005 earthquake in Pakistan/India. What can we make of all these man-made and natural catastrophes? They are bigger than insurance; they are bigger than …