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Sinai plane crash: IS claims propaganda, says Egypt president – BBC News #georgia #quit #claim

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Sinai plane crash: IS claims ‘propaganda’, says Egypt president

Media caption President Sisi said the area of Sinai concerned was “under our full control”

Egyptian President Abdul Fattah al-Sisi has described claims that militants linked to Islamic State brought down a Russian airliner as “propaganda”.

He told the BBC that it was too early to say what had caused the crash.

The Airbus 321 is thought to have broken up in mid-air over the Sinai peninsula on Saturday, killing all 224 people on board.

On Monday, the airline Kogalymavia blamed “external influence” for the crash.

But the head of Russia’s Federal Aviation Agency, Aleksandr Neradko, told Russian TV that such talk was premature and “not based on any proper facts”.

President Sisi also warned against jumping to conclusions. “All those interested in the matter are welcome to participate in the investigation,” he told the BBC ahead of a visit to the UK.

“When there is propaganda that it crashed because of Isis (IS), this is one way to damage the stability and security of Egypt and the image of Egypt. Believe me, the situation in Sinai – especially in this limited area – is under our full control.”

Media caption Richard Westcott reports on the ongoing investigation into the crash

The US director of national intelligence, James Clapper, said there was no “direct evidence of any terrorist involvement yet” adding: “It’s unlikely, but I wouldn’t rule it out.”

Militants launched an insurgency in the Sinai following the fall of President Hosni Mubarak in 2011. They stepped their attacks after the military overthrew Islamist President Mohammed Morsi in mid-2013.

A year ago the insurgents renamed their movement Sinai Province and pledged alliance to Islamic State. Hundreds of police and soldiers have been killed.

After the crash Sinai Province issued a written statement and an audio message saying that it brought down the passenger jet.

However, experts doubt it possesses the weapons capable of bringing down an airliner.

Image copyright AP Image caption Debris is spread over a wide area

The Airbus 321 had been carrying 217 passengers, including 25 children, and seven crew members. Most of those on board were Russians.

It crashed 23 minutes after taking off from the Egyptian Red Sea resort of Sharm el-Sheikh en route to the Russian city of St Petersburg.

The plane’s flight recorders have been found and sent for analysis.

Debris was spread across a wide area of Sinai, officials said.

On Monday, the deputy director of Kogalymavia – which has just renamed itself Metrojet – ruled out a technical fault or pilot error.

“The only for the plane to have been destroyed in mid-air can be specific impact, purely mechanical, physical influence on the aircraft,” Alexander Smirnov said.

“There is no such combination of failures of systems which could have led to the plane disintegrating in the air,” he added.

He said the plane lost speed and started descending rapidly, and the crew made no attempt to get in contact and report about the situation on board.

The US broadcaster CBS News reported that a US satellite had detected a “heat flash” over the Sinai at the time of the crash.

It said the data was still being analysed and that although the flash could have been caused by a bomb, a fuel tank or engine explosion was also possible.

It is believed to be Russia’s worst ever air disaster. The bodies of most those killed have been flown back to St Petersburg and identification is under way.

Timeline: the course of flight KGL9268

05:58Egyptian time (03:58 GMT): Flight leaves Sharm el-Sheikh, a statement from the Egyptian cabinet says

06:14 Egyptian time (04:14 GMT): Plane fails to make scheduled contact with air traffic control based in Larnaca, Cyprus, according to Sergei Izdolsky, an official with Russia’s air transport agency

06:17 Egyptian time, approx (04:17 GMT): Plane comes down over the Sinai peninsula, according to Airbus

11:12 Egyptian time (09:12 GMT): Flight had been due to land in St Petersburg’s Pulkovo airport

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QBE to Acquire Hannover Re – s US Praetorian Subsidiary #no #claims #discount #rules

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QBE to Acquire Hannover Re s US Praetorian Subsidiary

December 13, 2006

Australia s QBE Insurance Group has agreed to purchase the Praetorian Financial Group (PFG), the US operation of Hannover Rueckversicherung AG (Hannover Re) for US$800 million, subject to regulatory approvals.

QBE said the acquisition is complementary to its existing business in the US, and it anticipates completion of the acquisition in the second quarter of 2007. PFG will add around US$1.4 billion to gross premium income on an annualized basis. QBE also indicated it would fund the acquisition from internal excess capital, dividend reinvestment and short-term debt.

Hannover Re established PFG in 2005, when it undertook a major restructuring of its US operations, by essentially putting much of the business conducted by its longtime Clarendon subsidiary into runoff. (See IJ Web site July 6 and Sept. 5, 2005 and related articles).

PFG took over the remaining operations. These include: Insurance Company of Hannover (renamed Praetorian Insurance Company (PIC), an Illinois domiciled entity licensed to write admitted business in all 50 states; Redland Insurance Company (RIC) a New Jersey domiciled entity licensed to write admitted business in 45 states; Praetorian Specialty Insurance Company, a Delaware domiciled entity authorized to write non-admitted business in 37 states.

Earlier this year Hannover Re named Rodman Fox to head its US operations (See IJ web site Feb. 3). Fox, a well-known insurance executive, was instrumental in concluding the acquisition of E.W. Blanch by the UK s Benfield Grieg in May 2001. Commenting on the deal, he stated: Over the past year, Praetorian has made significant strides in strengthening and refining the company s operational capabilities. The combination with QBE the Americas will build on those successes while allowing us to offer a broader range of products and maintain continuity in client relationships. We are excited by the opportunities 2007 presents and look forward to joining the very talented QBE family.

Hannover Re CEO Wilhelm Zeller explained: This successful sale demonstrates that it was the right decision to carve out our US primary specialty business into Praetorian Once this transaction is completed Hannover Re will concentrate exclusively on its core business of reinsurance. We have no doubt that with QBE a leading Australian and international primary insurance group a strong strategic partner has been found for Praetorian.

QBE noted: PFG is based in New York and writes 37 specialist property and casualty insurance programs through various managing agents (78 percent) and specialist retail agency business through brokers (22 percent). The combined operating ratio for the business written into PFG for 2005 was 81.7 percent and the projected combined operating ratio for 2006 is 78.1 percent.

QBE also indicated that PFG currently reinsures 50 percent of its business by way of quota share to Hannover Re and affiliates. QBE intends to cancel these reinsurance arrangements at closing and inject around US$200 million additional capital into PFG.
The acquisition will form part of QBE the Americas Division under Tim Kenny, President and CEO.

QBE CEO Frank O Halloran commented: We have been fortunate to secure an excellent insurance business in the US which is highly complementary to our existing profitable specialist insurance program business. The acquisition meets our established criteria; in particular, earnings per share accretion in year one. Subject to no unforeseen circumstances, we anticipate that PFG will produce a profit after tax of US$150 million in the first full year before the cost of funding the acquisition, the capital injection and synergies.

Kenny noted that the acquisition is consistent with our strategy of building our business in the specialist insurance program and small to medium regional markets of the US. It follows the successful acquisitions of National Farmers Union Property and Casualty Company in 2005 and the One Beacon Agriculture division earlier this year.

More information concerning the acquisition may be obtained on the QBE Website at: www.qbe.com .

Source: QBE, Hannover Re

Veterans Today – Military Veterans and Foreign Affairs Journal – VA – Veterans Administration #accident

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There is only one candidate who sounds and acts presidential and is representing the American people and not special interests

that candidate is Jill Stein and she’ll get my vote on November 2nd because I deserve a true choice and will not settle for the lesser of two evils.

By GPD on September 29, 2016.

U.S. Marine combat veteran has issued a huge challenge to Trump to release his tax returns. He has already raised $ 500,000 plus for Veterans organizations and will pay out as soon as Trump releases his tax returns. Click here to donate now and demand Trump release his tax returns NOW!

By Kevin Barrett on September 27, 2016.

Press TV reports: In this episode of The Debate, Press TV has conducted an interview with Kevin Barrett, an editor

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    Navada to receive $204 million for military, veterans projects

  • Navada to receive $204 million for military, veterans projects
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    Eight Reasons to Invest in the Forex Market

  • Eight Reasons to Invest in the Forex Market
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    Are you a killer? The quiet discrimination shutting military veterans out of the workplace

  • Are you a killer? The quiet discrimination shutting military veterans out of the workplace
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    James Hall Former Political Operative Joins VNN

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  • VT Radio App Gets Major Upgrade
  • About Us

    Veterans Today (VT) is an independent online journal representing the positions and providing news for members of the military and veteran community in areas of national security, geopolitical stability and domestic policy. All writers are fully independent and represent their own point of view and not necessarily the point of view of any other writer, administrator or entity.

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    Praetorian Insurance Claims Contact – Get A Quote Online #whiplash #claims

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    Accident injury compensation Claims #unemployment #weekly #claim #wisconsin

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    Unemployment Filing Service #we #fight #any #claim

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    Online Unemployment Benefits Submission and Application Instructions

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    Medical Billing, Medical Billing Service, Medical Billing Company #file #weekly #claim

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    Frank Gehry Claims Today’s Architecture is (Mostly) “Pure Shit” #medsave #tpa #claim #status

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    Frank Gehry Claims Today’s Architecture is (Mostly) “Pure Shit”

    Save this picture!

    Update 23/10/2015:In the 12 months since Gehry’s outburst, the event has been used as the jumping off point for countless articles both criticizing and defending current architecture. But has Gehry’s finger inspired any change in architecture or its discourse? We would love to know what our readers think – let us know in the comments.

    “Let me tell you one thing. In this world we are living in, 98 percent of everything that is built and designed today is pure shit. There’s no sense of design, no respect for humanity or for anything else. They are damn buildings and that’s it.

    “Once in a while, however, there’s a small group of people who does something special. Very few. But good god, leave us alone! We are dedicated to our work. I don’t ask for work. I don’t have a publicist. I’m not waiting for anyone to call me. I work with clients who respect the art of architecture. Therefore, please don’t ask questions as stupid as that one.”

    This, followed by the middle finger, was Gehry’s response to a reporter asking the 85-year-old architect how he responds to the critics claiming he practices “showy architecture.”

    Originally covered by El Mundo and translated by Gizmodo. the awkward confrontation happened at a press conference in Oviedo, Spain, which Gehry attended to receive the Prince of Asturias Awards for the Arts.

    Emotions may have been running high considering this past week Gehry celebrated the opening of the new Fondation Louis Vuitton building which the critics have claimed to be not much more than a “spectacle.”

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    Cite: Karissa Rosenfield. “Frank Gehry Claims Today’s Architecture is (Mostly) “Pure Shit”” 23 Oct 2014. ArchDaily. Accessed. http://www.archdaily.com/560673/frank-gehry-claims-today-s-architecture-is-mostly-pure-shit/
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