Peter Mandelson, the European Union’s Trade Commissioner, has expressed his concern about the slow progress being made towards the liberalization of trade barriers. The “Doha Round” (named after the Capital of Qatar, where the talks began) to further lower global …
The Houston office of international insurance broker Jardine Lloyd Thompson LLC announced that it has created a new division to meet the needs of U.S.-domiciled clients engaged in business in the world’s emerging markets. JLT LLC has appointed John M. …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Hong Kong-based HSBC Insurance (Asia) Limited with a stable outlook. “The rating reflects HSBC Insurance’s prudent capitalization, strong distribution capabilities, superior operating performance and …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of Hong Kong-based Wing Lung Insurance Company Limited (WLI) with a stable outlook. “The rating reflects WLI’s continuous strong operating performance, solid capitalization and improving …
Transatlantic Holdings Inc. (TRH) announced that Martin J. Sullivan, president and CEO and Steven J. Bensinger, executive vice president, CFO, treasurer and comptroller, of American International Group Inc., have been elected to its Board of Directors at the annual shareholders …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Hong Kong’s Hang Seng Insurance Company Limited with a stable outlook. “The rating reflects the company’s improved risk-adjusted capitalization, consistent underwriting performance and sound …
China’s PICC Property and Casualty Co. Ltd., the country’s largest P/C insurer, is poised to enter the rapidly expanding Chinese life insurance market with the announcement that it is forming a joint venture with other Asian partners from Thailand, Hong …
Zurich’s U.S.-based unit will provide political risk insurance for construction and operation of a modern silver and tin mining operation in Bolivia. The Overseas Private Investment Corporation (OPIC) is co-insuring the project with political risk coverage. Zurich’s political risk unit …
At its regularly scheduled meeting, the Board of Directors of Transatlantic Reinsurance Company, a subsidiary of Transatlantic Holdings, Inc. announced that it had elected the following officers: New York: William McLaughlin – Senior Vice President Victor Delgado – Assistant Vice …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and assigned an issuer credit rating of “a-” to China International Reinsurance Company Limited (CIRe) (Hong Kong). The outlook is positive. The rating reflects CIRe’s consistently strong operating …
