World leaders should make early efforts to conclude the Doha round of global trade talks as a key part of fighting the economic crisis, the head of the World Trade Organization (WTO) said on Friday. In an interview with Reuters …
Research showing an El Nino event in 1918 was far stronger than previously thought is challenging the notion that climate change is making El Nino episodes more intense, a U.S. scientist said on Tuesday. El Nino causes global climate chaos …
World Trade Organization Director General Pascal Lamy pressed U.S. trade officials Monday for a strong commitment to finishing the Doha round, while a U.S. business leader warned against accepting a “phony deal” just to wrap up the talks. Lamy’s trip …
The types of risks classified under the energy insurance category range from offshore energy (exploration and production), offshore energy construction, onshore energy (oil refining, gas processing, petrochemical plants and biomass), operational engineering (power stations, including thermal, wind, nuclear and solar), …
Marsh has launched a report highlighting the key risks companies face as the global economy slows and advice about how to tackle them. Entitled “Managing Through the Downturn,” the report highlights issues around capital management, liability and trading risks, addressing …
Taiwan’s China Life will buy most of Prudential Plc’s local insurance business, with the UK firm taking around a 10 percent stake in China Life, valued at T$2.18 billion ($64 million), the companies said. The sale by the UK’s No.2 …
By year end, American International Group Inc. expects to have largely wound down a money-losing financial products unit that was the cause of its near-collapse last year, said Gerry Pasciucco, hired three months ago to oversee the closure. “2009 is …
A climate deal at Copenhagen may not be possible unless politicians take tough decisions without worrying about winning elections and compulsions of their domestic politics, the U.N. Secretary-General said on Thursday. Ban Ki-moon said the situation had been compounded by …
A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Swiss Reinsurance Company Canada and has assigned a category NR-5 (Not Formally Followed) to the FSR and an “nr” …
Insurers Catlin, Beazley, Amlin, Hiscox and Newcomer Torus Find Their Niche in U.S. Market Find a need, then fill it,” is a hoary business principle, but making it work is often harder than it looks. However, a number of British …
