Reinsurance

Moody’s Investor Services said it will take no immediate action on New Zealand and Australia issuers as a result of the Christchurch earthquake on Feb. 21 but that losses could hinge on whether this quake is considered a new event.

Catlin U.S. said it has appointed Steven Ensign as director of the Direct Property Facultative Department for Catlin’s U.S. Reinsurance Operations in Hartford.

Zurich Financial Services Group expanded its insurance operations in Latin America and moved up a notch on the property and casualty scale as it announced a 25 year distribution agreement with Banco Santander SA.

As insurers report high losses and increased loss estimates from the last New Zealand earthquake, another temblor has rocked the same area.

More reserve charges could be ahead for American International Group Inc. (AIG), according to analysts.

Shareholder plaintiffs bringing derivative actions typically sue the directors and officers “in the name and for the benefit of” the company in which they hold shares, alleging harm done to the company through breaches of various duties.