Japan News

Mississippi-Based Hurricane Hunters Also Patrol Winter Skies

On a bitterly cold morning in Anchorage, Alaska, the Hurricane Hunters lift off to scout a weather track that may bring snow to the Northeast or flooding rains in California in the next five days. The winter mission of the …

RMS Forecasts Increased Growth for Insurance Linked Securities in 2010

A bulletin from Risk Management Solutions notes that the fourth quarter of 2009 was the “most active… ever for catastrophe bond issuance, reaching almost $1.1 billion in total volume, eclipsing the previous best fourth quarter by over 75 percent.” RMS …

Special Reuters Report: America’s Route to Recovery

When Bob Hagan was a boy in Youngstown, Ohio, people equated the coke dust they swept off their doorsteps each day with opportunity, for it came from the steel mills that built this city. After graduating from high school more …

Europe Feels Left Out in Cold on Climate Change Deal

It’s a climate deal that has Europe feeling left out in the cold. The continent that used to take the lead in advocating climate action is now taking the lead in climate complaining. And it’s not just upset with the …

Earthquake Early Warning System Possible

An earthquake early warning system for California is feasible in coming years, according to research being presented at the American Geophysical Union meeting in San Francisco this week. The ongoing study demonstrates that an earthquake early warning system for California …

Bermuda Concludes Tax Information Agreement with Belgium

Bermuda’s Minister of Finance, the Hon. Paula A. Cox, announced that Bermuda had concluded negotiations of a bilateral agreement with Belgium that provide for a full exchange of information on criminal and civil tax matters between Bermuda and the Kingdom …

People

The San Diego office of Lockton Cos. hired Bud Cole in the company’s employee benefits practice as vice president and senior consultant. Cole will serve as a liaison between clients and the Lockton benefits team, responsible for managing client relationships …

ACE Names Schrader Executive VP, General Counsel – Overseas Operations

The ACE Group announced the promotion of Howard S. Schrader to Executive Vice President and General Counsel of ACE’s Overseas General operations, responsible for the delivery of all legal services to ACE’s P/C and casualty and accident and health insurance …

World Leaders Back Delay for Final Climate Change Agreement

U.S. President Barack Obama and other world leaders on Sunday supported delaying a legally binding climate pact until 2010 or even later, but European negotiators said the move did not imply weaker action. Some argued that legal technicalities might otherwise …

Willis North America Names Joost as National Partner in New York

Global insurance broker Willis Group Holdings has appointed Eric Joost as national partner, North American Specialties. He will be based in New York. In his new role, Joost will lead Willis’ client service and product development strategy across many of …