This recession is costing more than jobs; it’s also costing business leaders their reputation. A new Harris/ Financial Times poll shows that the economic crisis has damaged the reputation of business leaders very badly. Large majorities of the public in …
Argo Group International Holdings announced that Julian Enoizi has been appointed as CEO of Heritage Managing Agency Ltd., the Lloyd’s business Argo Group acquired in May 2008. Enoizi will join Heritage from CNA Financial where he was president and CEO …
The World Health Organization said Wednesday the world is at the brink of a pandemic, raising its threat level as the swine flu virus spread and killed the first person outside of Mexico, a toddler in Texas. “Influenza pandemics must …
Marsh has issued an extensive bulletin, which outlines the risk and insurance implications for businesses arising from the possible pandemic of the “Swine” or “Mexican” flu. The bulletin noted that the news media had reported “confirmed cases of Swine Flu …
World governments and businesses announced new steps on Tuesday to try to slow the spread of a new strain of swine flu that has killed up to 149 people in Mexico and threatens to become a pandemic. The World Health …
Oh, for the days when a little irrational exuberance was the biggest problem facing the world’s bankers and financiers. It is way beyond that now. With the financial world mired in a stubborn credit crisis and the U.S. economy in …
Growth in the emerging global Islamic insurance industry, or takaful, is waning slightly due to the economic slowdown, but remains strong as more people switch from conventional insurance. The global market is seen growing as much as 30 to 40 …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) continues to produce positive investment returns, “based,” it said, “on its diverse investment portfolio and conservative approach to investment. “These returns have allowed the CCRIF to increase its claims-paying capacity and facilitate a …
Foreign navies have agreed to protect a vessel installing an undersea high-speed Internet cable from pirates off the coast of Somalia, a Kenyan minister said on Thursday. Sea gangs from lawless Somalia have been increasingly striking the Indian Ocean shipping …
Navy commandos stormed a French sailboat held by pirates off the Somali coast in an assault triggered by threats that the passengers would be executed. But one hostage was killed in the operation, demonstrating the risks of a military operation …
