A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” of China Taiping Insurance (New Zealand) Company Limited (CTPNZ), both with stable outlooks. The ratings reflect CTPNZ’s “adequate risk-adjusted capitalization, notable improvement …
The United States will press China to make a number of trade reforms to open its market to more U.S. goods and services at a high-level bilateral meeting this month, the U.S. officials said Wednesday. The Dec. 14-15 U.S.-China Joint …
According to initial estimates from Swiss Re’s sigma research team, worldwide economic losses from natural catastrophes and man-made disasters totaled $222 billion in 2010; more than triple the 2009 figure of $63 billion. The cost to the global insurance industry …
Washington claimed progress Monday in easing rifts with Beijing on ways to fight global warming as U.N. climate talks got under way in Mexico with warnings about the rising costs of inaction. The United States and China, the world’s largest …
A new round of U.N. climate talks opens on Monday with almost 200 nations meeting in Mexico in hopes of clinching an agreement on a narrow range of crunch issues dividing rich and emerging economies. The two-week conference at the …
Officials say there’s no clear explanation for what may have prompted several earthquakes near Frametown earlier this year. Some have speculated that the cluster of small earthquakes was linked to local gas drilling. Delegate Brent Boggs, D-Braxton, was sitting at …
“Risk-taking lies at the heart of business operations, and it can also lead to problems if not handled properly,” said Anil Puri, dean of Mihaylo College of Business and Economics at Cal State Fullerton. Thus, a “discussion of the connection …
North Korea on Tuesday fired dozens of artillery shells at a South Korean island, killing two soldiers and setting houses ablaze, in one of the heaviest attacks on its neighbor since the Korean War ended in 1953. The attack, with …
First-round bids for American International Group Inc’s (AIG) Taiwan unit Nan Shan Life are likely shortly after due diligence ends in early December, a source close to the process said on Monday, restarting the bailed-out insurer’s much delayed sale of …
Assurex Global, the international network of independent insurance brokers, has added Houlder Insurance Brokers Far East Limited of Hong Kong to its exclusive list of Partners, bringing total membership in the network to 106 “with nearly 600 offices in 80 …
