The goal of signing a new global commerce deal in 2010 is out of reach unless countries accelerate their negotiations, the World Trade Organization’s Director-General Pascal Lamy said on Friday. The WTO’s 153 members must turn vague discussions on the …
Standard & Poor’s Ratings Services has raised its ratings on Sul America S.A. (SASA), including raising the counterparty credit rating to ‘BB-‘ from ‘B+’ and the senior unsecured debt rating to the company’s remaining $130 million, five-year senior notes to …
Prospects for a new U.N. climate pact in December remained in the balance after talks among big emitters on Monday but with signs of action by Brazil, India and Australia. “It’s more do-able today than yesterday,” British energy and climate …
Brazil plans to organize a meeting of trade ministers in late November to discuss progress in the World Trade Organization’s long-running Doha round, a senior Brazilian official said Monday. The meeting would be an opportunity to take stock of the …
The U.S. RE Companies have been approved by the Brazilian regulatory authorities to launch the Company’s new subsidiary, U.S. RE Do Brasil Corretora de Resseguros, LTDA, as a reinsurance broker with offices in Sao Paulo. The news comes just two …
New York-based U.S. RE Corporation, the international reinsurance brokerage firm, has formed a strategic alliance with Bruno Sforni S.p.A, an insurance and reinsurance broker located in Milan, Italy. The Company followed up that news with the announcement that it has …
Zurich Financial Services Group has appointed Peter Rebrin (47, Brazilian) to the position of CEO for Zurich Latin America, effective October 1, 2009. He has been serving as interim CEO for Zurich Latin America since Jaime Paredes stepped down in …
Willis Group Holdings has completed the purchase of 100 percent of the share capital of Herzfeld Willis S.A. (Retail operation) and Willis S.A. (Reinsurance operation) in Argentina. The business will now be known as Willis Argentina S.A. Terms of the …
R J Kiln & Co Limited, the international insurance and reinsurance underwriting group, has announced its entry into the space market with the appointment of specialist space underwriter, Laurent Esquirol, who will write business from its Paris office. He has …
The Bill & Melinda Gates Foundation, best known for its work combating malaria, AIDS and other diseases, announced an effort this week to bring financial services, including savings accounts, to the poor. It may be hard to understand how savings …
