Bermuda-based XL Insurance, the global insurance operations of XL Capital Ltd., has announced the formation of a global Product Development team to further address customers’ risk management needs. “The team will work with XL Insurance business units, customers, and brokers …
Australian Prime Minister Kevin Rudd said on Wednesday that a deal at the World Trade Organization’s (WTO) long-delayed Doha round of trade talks was urgent and possible. “This Doha round is do-able … There is a major need to conclude …
The European Union should speedily work out ways to help developing nations fight global warming to avert a “Catch 22” impasse that could brake action worldwide, the U.N.’s top climate change official said on Monday. “This is a priority that …
Australia’s QBE Insurance Group announced that operating profit after tax for the year ended 31 December 2007 was up 30 percent to a record A$1.925 billion ($US1.786 billion). Other key highlights for the year were listed as follows: — Gross …
Standard & Poor’s Ratings Services has issued a blanket bulletin outlining the rating actions, which it notes are “mostly unfavorable,” on several U.S. mortgage insurers and their core and dependent foreign subsidiaries. “These changes resulted from a reassessment of our …
Information servcies company ChoicePoint reports it is acquiring Optimal Decisions Group, a firm that develops advanced analytics and software for the insurance industry. ODG develops predictive modeling, multi-year simulation and optimization models for insurance carriers in the U.S., United Kingdom …
Oklahoma House Democratic Leader Danny Morgan has filed legislation that would make it illegal for teenagers to use cell phones or text while driving. In announcing his bill, Morgan, D-Prague, said he believes the measure, House Bill 2964, would provide …
The Pakistan Cricket Board has taken out insurance cover to meet possible financial losses should Australia pull out of its scheduled tour starting March due to security fears. “We have insured the series with a company in Britain on a …
New Zealand Trade Minister Phil Goff said this week he’s hopeful China and New Zealand have completed formal talks to finalize a free trade agreement between the two states — the first such deal by China with an advanced economy. …
R.E. Chaix & Associates, Katie Freeman Insurance Services Irvine, Calif.-based R.E. Chaix & Associates Insurance Brokers Inc. has agreed to purchase Katie Freeman Insurance Services Inc. Neither companies’ clients will experience any change in the usual service, said Timothy Chaix, …
