Venezuela News

Swiss Re Names Strebel Head to Lead Latin American Unit

Swiss Re announced the appointment of Beat Strebel to head its Latin American unit. Strebel, who is based in Armonk, New York, is responsible for all of Swiss Re’s Property & Casualty and Life & Health reinsurance business in Latin …

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 …

International Power Group Signs Exclusive Agreement with Marsh USA

International Power Group, Ltd. (IPWG) announced that it has signed an exclusive agreement with Marsh USA Inc. to provide insurance, brokerage and related consulting services to IPWG. “These services will be in support of IPWG’s developing waste-to-energy sites,” said the …

R&SA Acquires Chile’s Cruz del Sur

Royal & Sun Alliance Insurance Group PLC announced the acquisition of Chile’s leading general insurance business Compañia de Seguros Generales Cruz del Sur S.A. and its Argentinean sister company La República Compañía Argentina de Seguros Generales S.A. for $119 million …

August Plane Crashes Take Deadly Toll

No less than five airline accidents occurred in the month of August, the most in three years. Two of the crashes killed all those on board. On Aug. 14, a Boeing 737, operated by charter airline Helios Airways, crashed outside …

August Plane Crashes Take Deadly Toll

No less than five airline accidents occurred in the month of August, the most in three years. Two of the crashes killed all those on board. On Aug. 14, a Boeing 737, operated by charter airline Helios Airways, crashed outside …

France to Publish Airline Blacklist

The French Transport Ministry announced that it will publish a list of airlines that have been banned from landing in French territory due to safety violations. The decision follows the crash in Venezuela last week of a charter airliner operated …

Aon: 4 Airline Crashes Result in $180 Million Bill for Insurers

Aon Corp. reported on Friday that the four airline crashes that have hit Canada, Italy, Venezuela and Greece this month, have resulted in August being the worst month for airline losses in more than three years. According to Aon, the …

UPDATE: 160 Confirmed Dead in Venezuelan Air Crash

As the deadly series of plane crashes continued – 4 since Aug. 2 – rescue workers continued to comb the wreckage of the West Caribbean MD-82 that went down yesterday in Venezuela, near the Colombian border. All 152 passengers and …