Brazil News

Fitch Sees Little Subprime Exposures in Latin American Banks, Insurers

A poll, conducted by Fitch Ratings, indicates that the banks and insurance companies it rates in the Latin America Region as to the extent they may hold direct or indirect exposure to U.S. subprime backed structured securities, found that “exposure …

ACE Overseas New Construction Unit

ACE Overseas General has formed a new international construction practice group to address the world’s growing regional commercial construction and infrastructure activity. Vice President David Walters, based in London will lead ACE International Construction, reporting to Paul McNamee, Senior Vice …

Silva: Improve Conditions for Brazilian Sugarcane Cutters

Brazil must improve working conditions for sugarcane cutters if it wants to take advantage of a “golden opportunity” to become a worldwide biofuel supplier, President Luiz Inacio Lula da Silva said Tuesday. Addressing growing criticism over conditions for workers who …

U.S. Regulators Ink Agreement with Korea’s Financial Supervisors

The National Association of Insurance Commissioners (NAIC) recently signed a Memorandum of Understanding (MOU) with Korea’s Financial Supervisory Commission and Financial Supervisory Service in Seoul, Korea. NAIC President and Alabama Insurance Commissioner Walter Bell participated in the formal signing with …

I.I.S. Conference Highlights Prospects/Pitfalls in a Changing World

No European City has changed as much as Berlin (with the possible exception of Dublin). Since the fall of the wall in 1989, its 3.4 million residents have experienced an unprecedented building boom, as the German government and city officials …

People

Chicago-based Aon Corp. reported that David P. Bolger, executive vice president, chief financial officer and chief administrative officer, is leaving the company. Bolger will remain with Aon until the search for his successor is completed, a company spokesman told Insurance …

People and Places

Chicago-based Aon Corp. reported that David P. Bolger, executive vice president, chief financial officer and chief administrative officer, is leaving the company. Bolger will remain with Aon until the search for his successor is completed, a company spokesman told Insurance …

R&M Issues Brazil ‘Snapshot’

Dublin-based Research and Markets has added “Snapshots Brazil Insurance 2007” to their offering, as part of the research firm’s “Snapdatas” series. The report “provides 2005 year-end market size data, with 2006 estimates, 4 years of historical data and five-year forecasts,” …

Hartford Financial Reports Changes at the Top; Names Marra President

The Hartford Financial Services Group, Inc. has named Thomas M. Marra to the newly created position of president and chief operating officer. Marra, 48, currently a member of the company’s board of directors and president and chief operating officer of …

People

National Insurance Partners Inc. (NIP), a Texas-based risk management and financial solutions firm, has appointed William E. Harrison, Jr. as president. Harrison brings 16 years of experience in the insurance industry to his position. He served as president of Coleman …