Prudential Plc’s $35.5 billion offer for American International Group Inc.’s Asia business marries the UK insurer’s fast-growth strategy with AIA’s mature business profile — a logical, strategic coupling. The two companies would have an estimated $95 billion in policyholder reserves …
The allure of $30 billion in climate aid for poor nations holds the key to helping restore confidence in U.N. talks on fighting global warming and stopping them from unraveling. But there’s only months to figure out a way to …
Gloom and frustration pervaded the World Trade Organization on Monday as the prospects of completing a new global commerce pact this year receded. The WTO’s 153 members had agreed to take stock at the end of March on whether the …
Efforts to extend the Kyoto climate pact framework risk collapse in a setback to years of diplomatic bargains, as chances fade that the United States will join other rich nations in capping emissions. December’s U.N. climate conference in Denmark failed …
A senior U.S. official Tuesday criticized China and other leading developing countries for trying to weaken the Copenhagen Accord to fight global warming and raised the prospect that a fuller international pact may be not be struck by year’s end. …
A successful conclusion to the Doha round of global trade talks is still possible in 2010, but would need an injection of political energy, World Trade Organization (WTO) head Pascal Lamy said on Tuesday. A summit of leaders from the …
Aon Risk Services 17th Political Risk Map highlights continued political and financial instability for global business in 2010, closely linked to the ongoing recession in many parts of the world. “Rising risk levels in 2009 have led to a significant …
Trade ministers expressed gloom on Saturday, January 30, about the prospects of concluding stalled global trade liberalization talks this year, with many blaming the United States for foot-dragging. Ministers from about 20 major economies held informal talks on the sidelines …
Political and financial instability remain a feature of the business landscape as a result of the recession, according to Aon Risk Services, the global risk management and insurance brokerage business of Aon Corp. The company launched its 17th annual Political …
A.M. Best Co. has upgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit ratings (ICR) to “a” from “a-” of Royal & Sun Alliance Insurance Company of Canada (RSA Canada), Quebec Assurance Company and …
