The U.N. climate chief warned on Thursday that a deadlock between the United States and the European Union over pollution cuts threatened to derail talks aimed at launching negotiations for a new global warming pact. Washington has refused to accept …
Insurance Australia Group Limited (IAG) has issued a bulletin noting that as of 11:00 a.m. today, “approximately 13,000 claims had been received as a result of the storm that hit Sydney last Sunday. Further lodgments are likely to be received …
A.M. Best Co announced that Nick Charteris-Black will be joining the rating agency during the first quarter of 2008 as Director – Global Financial Services for A.M. Best Europe. He will be located in Best’s London office and will report …
U.S. delegates at the U.N. climate conference insist they will not be a roadblock to a new international agreement aimed at reducing potentially catastrophic greenhouse gases, but refuse to endorse mandatory emissions cuts. Many governmental delegations at the meeting on …
A.M. Best Co. has affirmed the financial strength rating of B+ (Good) and the issuer credit rating (ICR) of “bbb-” of China Insurance (NZ) Company Limited of New Zealand with a stable outlook. The ratings reflect China Insurance’s improved capitalization, …
Commissioner Sullivan vows departmental changes; also contends private coastal insurance market is working Connecticut consumers dealing with the state’s insurance regulatory agency should be left feeling they were given “mints on their pillow,” according to the no-nonsense man in charge. …
Standard & Poor’s Ratings Services announced a number of rating actions, covering five mortgage guarantee insurers: Radian Group, Mortgage Guaranty Insurance PMI Group, Triad Guaranty and Old Republic. The sector has been severely affected by the subprime mortgage crisis, which …
XL Insurance, the global insurance operation of XL Capital Ltd., announced from its London office that it has entered into an agreement with Swiss Re to purchase Global Asset Protection Services LLC (GAPS), a loss prevention consulting service provider. XL …
France’s AXA Group’s none month results showed significant gains in all of the diversified giant’s activities, with total revenues for the period of €71.625 billion ($105.12 billion) a 5.9 percent increase over the same period in 2006 on a comparative …
W. R. Berkley Corporation announced that it has agreed in principle to purchase the 20 percent minority interest in W. R. Berkley Insurance (Europe), Limited held by Kiln Ltd. for approximately $50.1 million (£24.5 million), subject to the approval of …
