XL Re, the global reinsurance operations of XL Capital Ltd. said it plans to serve the Brazilian reinsurance market as both a local and admitted reinsurer, subject to regulatory approval. XL Re’s entry is a response to the opening of …
Standard & Poor’s Ratings Services has assigned its ‘AA’ counterparty credit and insurer financial strength rating to German insurers DBV-Winterthur Lebensversicherung AG, DBV-Winterthur Krankenversicherung AG, DBV-Winterthur Versicherung AG, and DBV Deutsche Beamten-Versicherung AG with stable outlooks. “The ratings reflect our …
$27.5 Million The amount of a settlement reached between a Pennsylvania nuclear processing plant and neighbors who claim the radioactive particles from the nuclear factory gave them cancer and damaged their property. The case concerned Nuclear Materials and Equipment Corp., …
Business lobbyists from the United States will descend on the World Trade Organisation (WTO) in Geneva next week to push for favorable terms in a new trade deal, a source familiar with the visits said on Friday. The visits by …
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 Doha round of global trade talks are close to reaching an accord in principle on industrial tariffs and farm subsidies and quotas, Brazil’s chief trade negotiator said Monday. “We’re closer to an agreement than ever before,” Robert Azevedo told …
The Hartford’s Chief Financial Officer David M. Johnson plans to step down later this year. He has served as the company’s top financial officer since 2001, and will remain in the position until a successor is found. Before coming to …
Swiss Re’s latest sigma study on natural catastrophes and man-made disasters in 2007 concludes that they killed over 20,000 people and cost the insurance industry $70 billion, $28 billion related to property claims. 2007 wasn’t even “an exceptional year” in …
Federal agents have arrested the owners of a Danbury , Connecticut insurance firm, accusing them of laundering nearly $10 million. Renata Amaral and Monica Teixeira are accused of laundering the money between Brazil and the United States in black market …
Rich nations must come up with billions in new money to help poor countries fight global warming and not just repackage development aid to score diplomatic points, environmentalists at a meeting of top polluters said on Friday. The three-day Japan …
