BP Plc prepared on Tuesday to test a new cap on its runaway well, arresting the flow of oil which has been gushing into the Gulf of Mexico for the last 12 weeks. [According to Reuters BP Plc will launch …
Nearly 250 Colombians who say they and relatives were victims of violence by Colombian right-wing paramilitaries have filed a lawsuit seeking more than $1 billion in damages from the Chiquita banana company, which has admitted making payments to paramilitaries. The …
As the international community steps up its efforts to fight money laundering, a number of countries are now requiring insurers to obtain additional information from their customers to screen out possible bad actors. For multinationals interested in doing business in …
The European Union cannot make more concessions on farm trade to restart stalled world trade talks and the United States must make the first move, the EU’s new trade chief said on Monday. The ball was not in the EU’s …
Multinationals Face Heightened Compliance Requirements in High Risk Countries As the international community steps up its efforts to fight money laundering, a number of countries are now requiring insurers to obtain additional information from their customers to screen out possible …
Political and financial instability remain a feature of the business landscape as a result of the recession, according to Aon Risk Services, the global risk management and insurance brokerage business of Aon Corp. The company launched its 17th annual Political …
XL Re, the global reinsurance operations of XL Capital Ltd., announced changes in the management and underwriting structure of its Latin America operations, effective immediately. The operations continue to be led by Stephen Outerbridge, Chief Underwriting Officer and Chief Operating …
The Bermuda-based Max Capital Group Ltd. announced the establishment of a Latin American reinsurance operation and the appointment of two senior managers for the region. Carlos Caputo will serve as CEO of Max’s Latin American business, and Sonia Galvis will …
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 …
2009 will see the political consequences of the global credit crunch start to have an impact, according to the 16th annual Political Risk Map, launched today by Aon Risk Services, a division of Aon Corporation. In a global webcast, Aon’s …
