The CNA insurance companies announced an agreement with RSA (formerly Royal & Sun Alliance) that provides U.S.-based corporations with access to RSA’s global network. “This new relationship will expand CNA’s reach to India, South Africa and Australia, as well as …
Will India’s government succeed in passing key pro-market bills that have been in limbo for years? Not in the near future, say analysts. With state elections around the corner, the Congress-led government may have lost a political window to push …
The U.N. climate panel should only make predictions when it has solid scientific evidence and avoid straying into policy advocacy, a group of national science academies said in a report Monday. The U.N. Intergovernmental Panel on Climate Change (IPCC) was …
Canadian insurer Manulife Financial Corp and Switzerland’s Ace Ltd are among bidders for New York Life Insurance Co’s Hong Kong, Taiwan and South Korean assets, sources said, in a deal valued between $800 million and $1 billion. Unlisted NY Life …
Fitch Ratings has affirmed the ratings of PartnerRe Ltd. with a negative outlook. The affirmation follows an “updated review of PartnerRe’s financial performance, capital position, liquidity, and investment exposures,” said Fitch. The rationale for the ratings includes the company’s” strong …
A bulletin on the Lloyd’s of London web site (www.lloyds.com) warns that a “major transformer failure can wreak havoc, causing power shortages or outages affecting millions of homes and businesses and costing many millions of pounds.” Transformers are an essential …
India is rewriting a bill that will allow global firms to access its $150 billion nuclear power market, suggesting stiffer compensation for industrial accidents and extending liability to cover private suppliers. The changes, if approved, would mean higher costs for …
Insurance buyers across Europe, the Middle East and Africa (EMEA) are reaping the cost benefits created by greater competition among insurers for their business and the added capacity generated by new entrants to the market, according to a report published …
The risk of earthquakes in the U.S. Midwest may be more widespread than geologists have believed, but a “big one” may be less likely at Missouri’s New Madrid fault, researchers said Aug. 4. They found that rivers that swept away …
Brazil, China and India must use their growing economic might to help revive deadlocked global trade talks, a coalition of business lobby groups said in a letter to U.S. and European Union trade negotiators. The letter, sent on Wednesday, is …
