Euro zone finance ministers and the International Monetary Fund clinched agreement on reducing Greece’s debt on Monday in a breakthrough to release urgently needed loans to keep the near-bankrupt economy afloat. After 12 hours of talks at their third meeting …
German Chancellor Angela Merkel warned on Monday that global warming will accelerate at a dramatic rate unless leaders reach a deal on limiting greenhouse gas emissions as soon as possible. After marathon talks in Durban last December, countries agreed to …
European Central Bank President Mario Draghi said on Friday he was pleased with steps taken at the summit of EU leaders, including a decision to allow direct recapitalization of banks, but added that future aid must be tied to strict …
Talbot Underwriting, Ltd., a wholly owned subsidiary of Validus Holdings, and Abu Dhabi National Insurance Company (ADNIC), a prominent insurance company in the UAE, announced today that they are ceasing their Joint Venture business “Underwriting Risk Services (Middle East) Ltd.”, …
Hub International is expanding into the Latin American market as the result of a merger agreement with Brazilian broker Harmonia Corretora de Seguros Ltd. The deal marks the first expansion for Hub outside the U.S. and Canada. The agreement makes …
Europe divided on Friday in a historic rift over building a fiscal union to preserve the euro, with a large majority of countries led by Germany and France agreeing to move ahead with a separate treaty, leaving Britain isolated. Twenty-three …
Major European banks have limited their losses on Greek bonds to just over €5 billion [$7.2 billion] after negotiating a 21 percent haircut on their debt holdings as part of a rescue plan. France’s BNP Paribas is set to take …
The Association of British Insurers (ABI) announced that the long-standing Concordat and Moratorium on Genetics, agreed with the Department of Health, has been extended to 2017. Nick Starling, the ABI’s Director of General Insurance and Health, commented “The Concordat and …
Dallas-based Crump’s Property & Casualty Insurance Services Division (Crump P&C), which is part of insurance wholesaler Crump Group Inc., announced that it has reached a standstill agreement with a former employee and his new employer, R-T Specialty LLC (RTS) pending …
