India News

Lockton’s James Sees Bigger Role for Brokers as Risk Climate Worsens

The current global risk environment is a time to “analyze operations and take the tough decisions necessary to ensure survival in any downturn,” Julian James, a senior executive with global insurance broker Lockton, told an international audience of insurance industry …

India’s WNS Buys Insurer Aviva’s Business Process Offshoring Business

Back-office firm WNS (Holdings) Ltd said it acquired insurer Aviva’s business process offshoring (BPO) business for about $228 million, a deal that will give the company $1 billion worth of outsourced work over a period of eight years. WNS also …

Kentucky Gov. Appoints 16 to Emergency Response Commission

Kentucky Gov. Steve Beshear appointed the following members to the Kentucky Emergency Response Commission: Edward W. Tonini, of Frankfort, is the adjutant general of Kentucky for the Department of Military Affairs. The appointment replaces Donald C. Storm. Robert N. Francis, …

World Trade Organization Mediators Report Progress in Negotiations

World Trade Organization mediators in Geneva put the final touches to new negotiating texts on Thursday that will serve as the blueprint for an outline deal in the WTO’s long-running Doha round, trade officials said. The chairmen of talks in …

European Union, India Support Including Insurance in World Trade Deal

The European Union and India said on Monday they were committed to a world trade deal that takes account of services as well as agriculture and industrial goods. A joint statement issued after Indian Trade Minister Kamal Nath and EU …

N.Y. Gov. Paterson Supports Easing Rules for Foreign Reinsurers

New York will ease regulatory barriers that are “openly discriminating” against foreign reinsurers, Democratic Gov. David Paterson told reporters. Paterson, the state’s first black governor, who is also legally blind, joked when describing the complaints of insurers with whom he …

When In Rome, Do As the Romans

Hint: Learn Before You Go The ancient expression “When in Rome, do as the Romans do” is used to warn friends and colleagues to respect and adapt to the culture of places that they visit. In the insurance industry, that …

When In Rome, Do As the Romans

Hint: Learn Before You Go The ancient expression “When in Rome, do as the Romans do” is used to warn friends and colleagues to respect and adapt to the culture of places that they visit. In the insurance industry, that …

White House Says G8 Can’t Set Global Climate Goals Alone

The Group of Eight major industrialized countries (G8) meeting next week in Japan cannot by themselves set effective long-term world goals on curbing greenhouse gas emissions, the White House said on Tuesday. “With evidence mounting of rapidly rising emissions from …

N.Y. Governor Supports Easing Rules for Foreign Reinsurers

New York will hire more minority- and women-owned debt underwriters, lawyers and risk managers and ease regulatory barriers that are “openly discriminating” against foreign reinsurers, Democratic Gov. David Paterson told reporters Thursday. Paterson, the state’s first black governor, who is …