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Shipping attacks in Asia jump by 50%: Report

Published November 28, 2014 - 6:00am CST

The Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia has reported an increase in shipping attacks for the first half of 2014, Hellenic Shipping News Worldwide‎ reports.

RenaissanceRe's purchase of Platinum may spur more M&A activity: Fitch

Published November 28, 2014 - 6:00am CST

Fitch Ratings Ltd. has said that Bermuda-based RenaissanceRe Holdings Ltd.'s recently announced move to acquire Platinum Underwriters Holdings Ltd. may spark merger and acquisition activities in the reinsurance space, Bernews reported.

Australia: Millions in damage from Brisbane storm

Published November 28, 2014 - 6:00am CST

Insurers are counting in millions the cost of damage, reported Courier Mail. The insured damage bill from the recent storm in Australia's Brisbane city has been reported at $109 million Australian ($93 million), but this will increase.

Japan: Mount Aso spews ash, disrupts air travel

Published November 28, 2014 - 6:00am CST

A volcanic eruption in Japan has prompted the country's airlines to cancel or divert flights, reported The Sun Daily. The eruption of Mount Aso formed a cloud of ash and smoke.

Greece: Flights, local transport disrupted by labor unions' strike

Published November 28, 2014 - 6:00am CST

A strike by Greece's General Confederation of Greek Workers and Civil Servants' Confederation has led to the cancellation of hundreds of flights, while also affecting local transport in the country, reports Reuters.

Half of Irish firms unprepared for cyber risks: EY

Published November 28, 2014 - 6:00am CST

Ernst & Young L.L.P. said in a report that about half of the businesses in Ireland lack real-time insight on cyber risks, and many businesses are not ready to tackle cyber attacks, reported

Global weather conditions to become extreme in coming 100 years: Report

Published November 28, 2014 - 6:00am CST

The U.K.'s Royal Society has said in a report that global weather conditions are likely to become more severe in the coming 100 years, reported The Independent‎.

India: Cargo handling disruptions at Chennai airport affecting exporters

Published November 28, 2014 - 6:00am CST

Frequent disruptions in cargo handling activities at India's Chennai Airport have been affecting exporters and causing financial losses, reported The Hindu BusinessLine.

Towers Watson names Keith Brooks as Asia Pacific insurance management consultancy director

Published November 28, 2014 - 6:00am CST

Towers Watson & Co. has said that it has hired Keith Brooks as director of its insurance management consultancy in the Asia-Pacific region, reports The Business Times.

Nigeria: National Assembly wants Shell to pay nearly $4 billion for 2011 oil spill

Published November 27, 2014 - 6:00am CST

The National Assembly of Nigeria has said that Royal Dutch Shell P.L.C. must pay $3.96 billion for a 2011 oil spill in the country, Reuters reported.

Damage from recent Japan quake unlikely to top $200 million: Catastrophe modeler

Published November 27, 2014 - 6:00am CST

CoreLogic Eqecat, a catastrophe modeler, has said that damage from the recent Japan earthquake is "unlikely to exceed $200 million," reported

Mexico: Lloyd's gets license to open representative office

Published November 27, 2014 - 6:00am CST

Mexican authorities have granted a license to Lloyd's of London to open its first representative office in the country, reports BNamericas citing local press reports.

China: Coal mine fire kills 26 in Liaoning Province

Published November 27, 2014 - 6:00am CST

A fire in a coal mine in China's Liaoning Province has claimed 26 lives, Xinhua reports.

India: 648,000 hectares of crop area damaged by recent Jammu and Kashmir floods

Published November 27, 2014 - 6:00am CST

Kiren Rijiju, a Home Affairs minister in India, has said that the recent Jammu and Kashmir floods damaged 253,000 houses and affected 648,000 hectares of agricultural land, Daily News & Analysis reports.

6.8-magnitude earthquake strikes off Indonesia

Published November 27, 2014 - 6:00am CST

A 6.8-magnitude earthquake has hit off the coast of eastern Indonesia, The Associated Press reported.

Jardine Lloyd Thompson to start business in India in December 2014

Published November 27, 2014 - 6:00am CST

U.K.-based insurance broker Jardine Lloyd Thompson Group P.L.C. will open its first office in India in next month, The Times of India reports.

U.K.: Central bank's plans rules to make senior insurance officials more accountable

Published November 27, 2014 - 6:00am CST

The Bank of England has announced plans to make senior officers at insurers in the United Kingdom more accountable for their decisions, reports Reuters.

Latin American insurance market likely to recover in 2015: Swiss Re

Published November 26, 2014 - 5:31am CST

Swiss Re Ltd. said in a recent report that the weak growth in the Latin American insurance market in 2014 is likely to be followed by a marked recovery in 2015, BNamericas reports.

Nigerian Liability Insurance Pool looks to provide coverage in new business areas

Published November 26, 2014 - 5:30am CST

Richard Borokini, chairman of Nigerian Liability Insurance Pool, has said in an interview that the organization is eyeing new areas of business to provide third party liability coverage, Nigeria's BusinessDay reported.

China: Shanghai plans advanced insurance market

Published November 26, 2014 - 5:29am CST

The municipal government of Shanghai, China, has said that it is looking to transform the city into an international insurance center by 2020, reports.

Reinsurance premium income in GCC region on the rise: Officials

Published November 26, 2014 - 5:27am CST

Experts say that reinsurance premium volume in the Gulf Cooperation Council region has been increasing, primarily because of big infrastructure projects in Saudi Arabia and Qatar, reported Gulf Times.

Air pollution-related issues cost Europe up to $235.15 billion in 2012: Agency

Published November 26, 2014 - 5:26am CST

The European Environment Agency said in a report that problems related to air pollution cost Europe up to €189 billion ($235.15 billion) in 2012, Reuters reports.

China: Sichuan province hit by earthquake

Published November 26, 2014 - 5:24am CST

An earthquake has hit Sichuan province in western China, affecting telephone services and prompting residents to leave their houses, The Associated Press reported citing media reports and officials.

Australia: Storm in Sydney leaves 15,000 properties without power

Published November 26, 2014 - 5:23am CST

A storm has hit Australia's Sydney city, leaving 15,000 properties without power, reported

E.U. approves sale of Banco Santander's insurance units to CNP Assurances

Published November 26, 2014 - 5:20am CST

A European Union executive said that the European Commission has approved the 51% stake sale of Spain-based Banco Santander S.A.'s insurance units to French insurer CNP Assurances S.A., reported

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