Markel International, the specialty property and casualty insurer, has agreed to acquire Elliott Special Risks (ESR), a managing general agent in Canada. The acquisition is expected to close on Oct. 1 and values ESR at CDN $75 million. In 2008 …
In a decision announced Aug. 4, 2009, the Supreme Court of Ohio held that when a liability insurance policy defines a covered “occurrence” as an “accident,” a negligent act committed by an insured party qualifies as an “occurrence” in cases …
Some Asia-Pacific nations criticized U.S. and other developed world protectionism on Tuesday at a meeting aimed at spurring a global trade pact and revitalizing the global economy. Thai Commerce Minister Pornthiva Nakasai, meeting her Asia-Pacific Economic Cooperation counterparts including the …
The global economic downturn is far from over, and few countries have dismantled the dangerous protectionist barriers they imposed in response to it, World Trade Organization Director-General Pascal Lamy said on Monday. In remarks to the WTO’s 153 members, Lamy …
The U.S. Treasury department today issued a white paper entitled, Financial Regulatory Reform: A New Foundation. The following is an excerpt from the report on insurance: Enhance Oversight of the Insurance Sector Our legislation will propose the establishment of the …
How to Create a Culture of E-Mail Collection in Your Organization These are not the heady times of the past when you could take a flyer on an untried marketing tactic. Sales are thinner, margins are slimmer and subsequently, marketing …
Global trade could collapse if the world does not take coordinated, concrete steps to finance trade flows, British Prime Minister Gordon Brown said in comments published on Thursday. Writing in the Wall Street Journal, Brown said the global financial crisis …
The world economy has avoided “utter catastrophe” and industrialized countries could register growth this year, Nobel Prize-winning economist Paul Krugman said on Monday. “I will not be surprised to see world trade stabilize, world industrial production stabilize and start to …
The European Union’s trade commissioner ruled out on Friday finalizing a strategic pact with Russia before it joins the World Trade Organization and warned Moscow against introducing new protectionist measures. “WTO accession paves the way to the broader free trade …
Standard & Poor’s Ratings Services has said that its ratings and outlook on German global reinsurer Munich Reinsurance Co. (‘AA-‘/Stable/–) and core related entities) are unaffected by the Group’s first-quarter 2009 earnings announcement. “Munich Re’s net income for the first …
