Brazil News

Sorenson is New I.I.S. Chairman

The Board of Directors of the International Insurance Society (IIS), at their annual meeting in Madrid, announced the election of Norman R. Sorensen, President – International Asset Management and Accumulation, Principal Financial Group, as the new Chairman. He succeeds Marsh …

Graham, Luzzi Elected as FERMA Vice-presidents; Saka as Director

The board of the Federation of European Risk Management Associations (FERMA) elected two new vice-presidents at its meeting in Brussels on June 9: former chairman of the UK’s Airmic Julia Graham, Chief Risk Officer of law firm DLA Piper UK, …

Commercial Market to Remain Stable, Challenging for Risk Managers

Marsh Sees Insurer Security, Transparency, Accountability as Issues Despite the global economic crisis, the commercial insurance market is poised to remain stable through 2010, but new challenges are emerging for risk managers, according to a report issued by insurance broker …

Commercial Market to Remain Stable, Challenging for Risk Managers: Marsh

Despite the global economic crisis, the commercial insurance market is poised to remain stable through 2010, but new challenges are emerging for risk managers, according to a report issued by insurance broker Marsh. The financial crisis has brought risk management …

Sources Indicate U.N. to Pick Costa Rica’s Figueres as New Climate Chief

Veteran Costa Rican climate diplomat Christiana Figueres is set to be appointed as the new United Nations climate chief, sources familiar with the matter said on Monday. The sources said U.N. Secretary-General Ban Ki-moon had chosen Figueres over former South …

Zurich Expands Energy Units in Western U.S., Latin America

Zurich’s Global Energy has expanded its operations in the Western U.S. and Latin America through the addition of new Global Energy underwriting and risk engineering operations within Zurich offices in Glendale, Calif., Buenos Aires, Argentina and Sao Paulo, Brazil. These …

EU Climate Chief Says Financial Crisis Threatens Vital Innovation Risk

Innovation vital for Europe’s future is at risk, because the global financial crisis has turned once-challenging emission reduction goals into easily achievable targets, the European Union’s top climate official said. Connie Hedegaard, European Commissioner for Climate Action, said the continent …

Stabilization of AIG Continues, Government Reports

American International Group (AIG) has “remained relatively stable” thanks in great measure to the more than $180 billion in taxpayer assistance the giant insurer has received since March 2008, according to a new government report on the Troubled Asset Relief …

Rio de Janeiro Rescue Workers Hunt for Landslide Victims; 153 Dead

Hundreds of rescue workers scrambled Thursday to find residents buried by a landslide near Rio de Janeiro as the death toll from heavy rains in Brazil’s second-largest city rose to 153. The heaviest rains in more than 40 years, which …

International Insider: Multinationals and Money Laundering

As the international community steps up its efforts to fight money laundering, a number of countries are now requiring insurers to obtain additional information from their customers to screen out possible bad actors. For multinationals interested in doing business in …