Firm’s 40 years of success rests on diversity, decentralization and tough decisions The founder of one of the most successful insurance companies went into the insurance business because he thought it would be easier than competing in the investment business. …
China’s Ping An Insurance Co Ltd. deepened its ties with Belgian-Dutch financial group Fortis on Wednesday by buying half its asset management business for €2.15 billion ($3.4 billion). Ping An, China’s second largest life insurer, also lifted its stake in …
His Excellency Dr. Omar Bin Sulaiman, Governor of the Dubai International Financial Centre (DIFC), has officially opened the 2008 World Insurance Forum (WIF) at the DIFC. This is the first time the event has been held outside of Bermuda. A …
The founder of one of today’s most successful insurance companies went into the insurance business because he thought it would be easier than competing in the investment business. In 1967, when William R. Berkley was still at Harvard Business School, …
Zurich Financial Services announced that the Board of Directors will propose to the 2008 Annual General Meeting of shareholders on April 3 the election of “Dr. Susan Bies (age 60, US Citizen) and Victor L.L. Chu (age 50, British Citizen) …
When China’s leadership reshuffle is finalised during the annual parliament session that starts next week, the man tipped to become the country’s leading financial official will face high expectations. Bankers hope former Beijing mayor Wang Qishan, expected to be named …
China’s CNinsure Inc. has announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2007. The bulletin noted that the earnings announcement “contains translations of certain Renminbi (RMB) amounts into U.S. dollars (US$) at specified …
Aon has released its “2008 Marine Insurance Market Review,” which concludes that the “marine industry is set for a continued run of favorable insurance premiums in 2008, despite facing higher risks. The cargo and liability markets offer a win-win situation …
The main management consultant and contractor on Boston’s $15 billion Central Artery/Tunnel Project (Big Dig) has agreed to pay more than $407 million to resolve civil and criminal liabilities in connection with the partial ceiling collapse and other defects in …
Marsh announced from its London office that David Batchelor will succeed Alex Moczarski as CEO of Marsh’s operations in Europe, the Middle East and Africa (EMEA). He currently heads the Asia Pacific region for Marsh, responsible for operations in China, …
