International News

Typhoon Rammasun Destroyed 37,000 Homes in China: RMS

RMS reports that on Friday, July 19 Super Typhoon Rammasun, one of the strongest to hit southeast China in recent years, made three landfalls in the provinces of Hainan, Guangdong, and Guangxi. Rammasun has significantly impacted the Philippines, southeast China …

German Soccer Team Damages World Cup Trophy in Celebrations

Germany’s soccer players raised the World Cup trophy a week ago in Rio de Janeiro’s Maracana stadium. Shortly afterward, they broke it. German national team players chipped off a “small piece” of the trophy during celebrations of their overtime victory …

Gen Re Announces Senior Appointments in Asia Pacific

Gen Re announced a number of senior appointments in the Asia Pacific region. Pietro Toffanello will assume the role of property/casualty regional manager for Asia Pacific, in addition to his role of managing director of General Reinsurance Australia Ltd. Andrew …

South Korean Ferry Sinking Fugitive Tycoon’s Body Found

A tycoon and religious sect leader identified as the de facto owner of the South Korean ferry that sank in April, killing more than 300 people, has been found dead, police said. The body of Yoo Byung Eun, 73, who …

Airlines Consider Stricter No-Fly Zones Over War Zones

A universal no-fly area declared in eastern Ukraine after the downing of Malaysian Air Flight 17 is a rare restriction currently shared only with North Korea, prompting airlines including Deutsche Lufthansa AG to question whether rules for flights over war …

Typhoon Rammasun Kills 18 in South China

The strongest typhoon to hit southern China in four decades has killed 18 people, the government said Sunday, while in the Philippines the death toll from the storm’s earlier destruction rose to 94. Typhoon Rammasun killed nine people and left …

Malaysia Airlines Jet Crash Insurance Decisions Likely Complex, Lengthy

Insurance on the Malaysian airliner brought down over Ukraine is likely to pay out relatively quickly if the cause of the crash is determined, but observers say settling insurance for the loss of 298 lives and other liability could be …

Starr Companies Completes Ownership of Chinese Insurer

Starr Companies has announced the completion of its majority ownership of Shanghai-based Dazhong Insurance Company Limited of China. Going forward, the company will be known as Starr Property & Casualty Insurance (China) Company, Limited (Starr China). “We are pleased to …

AIR Moves to New Space In London to Accommodate Growth

Catastrophe modeling firm AIR Worldwide announced the expansion and relocation of its London office. The new space, which is more than twice the size of AIR’s previous London office, is designed to accommodate AIR’s significant growth in the London market …

Typhoon Rammasun Kills 12 in Philippines, Spares Manila

A typhoon left at least 12 people dead, knocked out power in many areas, damaged a parked plane but spared the Philippine capital on Wednesday when its fierce wind shifted, officials said. Still, Typhoon Rammasun‘s winds of 150 kilometers (93 …

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