In a move which it indicated highlights the “the importance of its burgeoning Employee Benefits business in Asia,” Willis Group Holdings announced the appointment of Pauline Prescott as Employee Benefits Leader for Willis Asia, and Naveen Kumar Midha as Employee …
Lloyd’s has released a research report on China’s rapidly developing insurance market, which it said “explores the key trends in the Chinese non-life insurance market and the opportunities they present for specialist players.” The report concentrates on the following four …
Guy Carpenter & Company, LLC has announced a number of key executive appointments to its European and Asia Pacific broking operations. Nick Frankland, formerly CEO of UK Operations, has been appointed to the newly created role of CEO of European …
Aon Corp. announced from its Hong Kong office that Randy Wada, CEO of Aon Japan, has been appointed Chief Diversity Officer for Asia Pacific and will serve on the company’s global diversity advisory board. Aon characterized the move as part …
Recalled toys sit in the foreground as Sen. Richard Durbin, D-Ill., calls on a witness during the Senate Appropriations subcommittee hearing on Capitol Hill in Washington, Wednesday, Sept. 12, 2007, to discuss toy safety standards. (AP Photo/Susan Walsh) Mattell Chief …
Wave of recalls pushes broker, insurer roles in product safety, recall planning into limelight Product manufacturers are constantly looking for ways to stay competitive in a global marketplace and sourcing products and manufacturing capability from countries outside of their local …
HSBC, one of the largest international banks, has entered into an agreement to acquire a 10 percent stake in Vietnam’s leading insurance and financial services group, Vietnam Insurance Corporation (Bao Viet), for VND4,121 billion (approximately $255 million). HSBC will be …
A.M. Best Co. has affirmed the financial strength rating of “B++” (Good) and the issuer credit rating (ICR) of “bbb” of Germany’s SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG (Sovag) (Germany) with a stable outlook. The affirmation reflects Best’s expectations of “a …
Zurich Financial Services Group announced the implementation of “an innovative distribution strategy for the rapidly growing Chinese insurance market.” The giant Swiss insurer has renamed Best Harmonious Insurance Brokers Company, Ltd., as Zurich Insurance Brokers (Beijing) Limited. Zurich acquired a …
The National Association of Insurance Commissioners (NAIC) recently signed a Memorandum of Understanding (MOU) with Korea’s Financial Supervisory Commission and Financial Supervisory Service in Seoul, Korea. NAIC President and Alabama Insurance Commissioner Walter Bell participated in the formal signing with …
