India News

UN Climate Chief Says US-EU Deadlock over Emissions Cuts Threatens Summit

The U.N. climate chief warned on Thursday that a deadlock between the United States and the European Union over pollution cuts threatened to derail talks aimed at launching negotiations for a new global warming pact. Washington has refused to accept …

Gore Calls on U.S., China to Act on CO2 in Nobel Prize Speech

Nobel Laureate Al Gore accepted the 2007 Nobel Peace Prize in Oslo Monday night Dec. 10 with a direct appeal to the U.S. and China to take action to curb greenhouse gas emissions, notably CO2. R. K. Pachauri, the Chairman …

Research & Markets Releases ‘Snapdata’ Reports on India, Netherlands

Dublin-based Research and Markets announced the addition of “Snapshots India Non-Life Insurance 2007” and “Snapshots Netherlands Non-Life Insurance 2007” to their offering. The report on the Indian Non-Life Insurance market “provides 2005 year-end market size data, with 2006 estimates, 4 …

US Wants to Join Climate Negotiations, Despite Resistance to Emissions Cuts

U.S. delegates at the U.N. climate conference insist they will not be a roadblock to a new international agreement aimed at reducing potentially catastrophic greenhouse gases, but refuse to endorse mandatory emissions cuts. Many governmental delegations at the meeting on …

Willis Makes Asia, India Employee Benefits Appointments

In a move which it indicated highlights the “the importance of its burgeoning Employee Benefits business in Asia,” Willis Group Holdings announced the appointment of Pauline Prescott as Employee Benefits Leader for Willis Asia, and Naveen Kumar Midha as Employee …

Lloyd’s CEO Discusses ‘Mega-Trends, Insurance Industry’s Future

“The world is changing at an exponential rate but this is not something we should fear. It is something that we should embrace and be prepared for,” Lloyd’s CEO Richard Ward told his audience at the Xchanging Conference in Brighton,yesterday, …

Munich Re’s ERGO in Joint Venture with Indian Insurer HDFC Ltd.

In a joint statement Indian housing finance pioneer HDFC Ltd. and Germany’s ERGO (Munich Re’s primary insurance division) announced that they have agreed to form a general insurance joint venture. The transaction is subject to regulatory approval by the Indian …

AIG WorldSource ® Expands Middle East Medical Coverage

AIG WorldSource ®, a division of the property and casualty insurance subsidiaries of the American International Group, announced that the medical network established by the AIG Companies ® in the Middle East region for injuries arising under Defense Base Act …

AXA Corporate Solutions Head Calls for Premium Stabilization

Jean-Paul Rignault, chief executive of AXA Corporate Solutions, called for premium rates to be stabilized if insurers are to achieve adequate pricing and the current soft market cycle, now taking hold, is to flatten out. He spoke at the close …

Report: Insurance Initiatives Tackling Climate Change Reach New High

Hundreds of new insurance initiatives, including green building credits, drought-protection in developing countries and incentives for investing in renewable energy and carbon emissions trading are being offered to tackle climate change and rising weather-related losses in the U.S. and globally, …