Indonesia averaged one human bird flu death every 21/2 days in May, putting it on pace to soon surpass Vietnam as the world’s hardest-hit country. The latest death was a 15-year-old boy whose preliminary tests were positive for the H5N1 …
[AP] A huge fire that turned the giant cargo terminal of Istanbul’s main airport into a wreckage of twisted metal and charred walls may have caused tens of millions of dollars (euros) in damage, according to newspaper reports Thursday. Shooting …
Lloyd’s Chairman, Lord Peter Levene, speaking at a symposium in St. Gallen, Switzerland, outlined what he feels are essential components of “success factors for Europe.” Levene began his remarks by stating as a “key belief” that modern Europe cannot function …
Standard & Poor’s Ratings Services announced that it has assigned its ‘BBB+’ senior debt rating to ACE INA Holdings Inc.’s $300 million senior debt issuance, which is due 2036 and is fully and is unconditionally guaranteed by ACE Ltd. (See …
As the oldest marine insurer in the world, Lloyd’s has long been aware of the menace pirates pose to shipping. These days, however, they aren’t the “Yo, ho, ho and a bottle of rum” kind of pirates, but a modern …
The Liberty Mutual Group announced form its Boston headquarters that its Portuguese subsidiary, Liberty Seguros Portugal, has signed a memorandum of understanding with insurer Acoreana to form a strategic alliance in the Portuguese insurance business. Liberty said that once the …
The nation’s insurance regulators have moved to strengthen cooperation with their counterparts in Russia by signing a memorandum calling for improved information exchange. During its spring meeitng in Orlando, Fla., the National Association of Insurance Commissioners President Alessandro Iuppa formally …
At a time when they face pressure to bring more uniformity to their own domestic regulatory operations, the nation’s state regulators are also increasingly active in efforts to harmonize the rules governing international insurance as well. The international efforts of …
A bulletin from Aon Corp. notes that Aon Vietnam was named the winner in the category of “Best Business Style,” as selected by voting and analysis by the Vietnam Economic Times and the Vietnam Ministry of Planning and Investment at …
The Piracy Reporting Centre at the International Maritime Bureau (IMB) has issued a new report that identifies a number of “piracy hot spots” that have “emerged over the past 12 months” where attacks on shipping have become more violent. The …
