Bermuda-based Endurance Specialty Holdings Ltd. announced that Patrick Aeschbacher will join Endurance Worldwide Reinsurance to lead the further development of the Group’s reinsurance business in Asia and Australia. Aeschbacher has 23 years of experience in the reinsurance industry, most recently …
Aon Corp. announced that its investment banking group, Aon Capital Markets, has successfully completed the private placement of $260 million of principal at-risk variable rate notes for MIDORI Ltd. The placement provides Munich Re with fully collateralized catastrophe protection for …
Hundreds of new insurance initiatives, including green building credits, drought-protection in developing countries and incentives for investing in renewable energy and carbon emissions trading are being offered to tackle climate change and rising weather-related losses in the U.S. and globally, …
Aon Corp. announced from its Hong Kong office that Randy Wada, CEO of Aon Japan, has been appointed Chief Diversity Officer for Asia Pacific and will serve on the company’s global diversity advisory board. Aon characterized the move as part …
Standard & Poor’s Ratings Services has raised its long-term counterparty and insurer financial strength ratings on U.K.-based surety insurer Euler Hermes Guarantee PLC to ‘AA-‘ from ‘A’ and assigned a stable outlook. “The upgrade reflects the provision of an unconditional …
First comes the “wind shower.” Wearing overalls and rubber boots, employees at Fusheng Food Co. in Qingdao stand in a narrow room as air jets in the walls blow away any dust on them. They wade through ankle-deep disinfectant and …
A strong earthquake with a preliminary magnitude of 7.4 occurred south of New Zealand on Sunday and there may be a chance of tsunamis, Japanese monitors said. There was no immediate report of injuries, damage or tsunamis. The quake rocked …
“Arnie” and “Al,” Republican and Democrat, shared the world spotlight to press for climate action, adding a touch of star quality to the staid proceedings of a U.N. summit. The two headliners, California Gov. Arnold Schwarzenegger and former Vice President …
A giant tsunami struck Seaside, Ore. last week — at least, a model version of the town, built by researchers at Oregon State University to demonstrate the potentially devastating effects of a real tsunami. “This is sort of a ‘sim’-tsunami,” …
