Brazil News

U.S. State Regulators Reaching Out to Foster International Standards

At a time when they face pressure to bring more uniformity to their own domestic regulatory operations, the nation’s state regulators are also increasingly active in efforts to harmonize the rules governing international insurance as well. The international efforts of …

People

United America Indemnity Ltd.’s board of directors has selected Joseph F. Morris as its president. The company will also consolidate its two U.S. insurance subsidiaries, United National Group and Penn-America Group, under a single United America Insurance Group management structure …

W.R. Berkley 2005 Net Income Up 24%; Sees New Units Having Impact in 2006

XL Opens Representative Office in Beijing; Plans Brazil Join Venture

Bermuda’s XL Capital Ltd. reported two developments in its global insurance business. It has received the approval of the China Insurance Regulatory Commission to open a Representative Office in Beijing. XL has also signed a Memorandum of Understandings with Brazil’s …

Willis Webcast Focuses on Global D&O

As part of its ongoing series of Webcasts dealing with the global insurance environment, international broker and risk manager, Willis Group Holdings, published a Webcast on Thursday, Jan. 19, entitled “How Global is Your Global D&O Program?” It focuses on …

Aon Issues 2006 Political & Economic Risk Map

“United States-based companies with business interests abroad will not be trading in a safer world in 2006,” according to Aon’s newly published annual global business risk analysis represented in its 2006 Political & Economic Risk Map. Aon said the “map …

Euler Hermes Issues Global 2006 Economic Assessment

Euler Hermes ACI, a provider of trade credit insurance and risk mitigation information, has released a special global risk analysis report from its U.S. headquarters in Maryland. The company, a subsidiary of French insurer AGF, which is in turn part …

The Hartford Marks 10 Years as Public Company and Its Split from ITT

he Hartford Financial Services Group, Inc. (NYSE:HIG) , one of the nation’s largest financial services and insurance companies, is celebrating its 10-year anniversary as a publicly traded company on the New York Stock Exchange. The Hartford regained its independence one …

ABI Applauds Hong Kong Trade Agreement Compromise

The last minute compromise agreement reached in the latest World Trade Organization negotiations in Hong Kong enabled the trade delegations of the various countries involved to put on a brave face. The industrialized world – mainly the U.S., Europe and …

News Briefs

Willis Expands in China, Latin America: In a breakthrough agreement, global insurance broker Willis Group Holdings Limited, has received written approval from the China Insurance Regulatory Commission (CIRC) to increase its ownership interest in Willis Pudong Insurance Brokers Co. Ltd. …