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Indonesia tsunami death toll reaches 430; Stackhouse in talks with suitors


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Indonesia tsunami death toll reaches 430; Stackhouse in talks with suitors

The death toll from a tsunami in Indonesia reached 430, with dozens of people still missing, CNN reported. About 1500 people were injured and almost 22,000 people have been displaced from their homes.

Monument Re Ltd. agreed to acquire UK-based Nordben Life & Pension Insurance Co. from Benco Insurance Holding BV, which is majority owned by Norwegian insurer Storebrand ASA.

UK-based insurance broker Stackhouse Poland Ltd. is in sales talks with multiple buyers including Arthur J. Gallagher & Co., Aon PLC and Acrisure LLC, The Insurance Insider reported.

Most integration between CVS Health Corp. and Aetna Inc. could push through while a U.S. federal judge reviews the consent decree related to the two entities' merger, Reuters reported.

Marsh LLC, a unit of Marsh & McLennan Cos. Inc., formed a China desk in Dubai to tap growing commercial links between China and the Middle East & Africa, Reuters reported, citing Christos Adamantiadis, Marsh's Middle East and Africa CEO.

A private catastrophe bond consisting of about $50.2 million in Artex SAC Ltd. series HX notes has been issued in Bermuda, Artemis reported. Artex Risk Solutions, which owns Artex SAC Ltd., is a subsidiary of Arthur J. Gallagher & Co.

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The day ahead

Early morning futures indicators pointed to a higher opening for the U.S. market.

In Asia, the Nikkei 225 increased 0.89% to 19,327.06. (Hang Seng closed)

Most European markets are closed Dec. 26.

Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.

On the macro front

The Redbook report, S&P Corelogic Case-Shiller HPI report, Richmond Fed manufacturing index report and State Street investor confidence index report are due out today.

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