If the United States is to move beyond a petroleum-based economy, it will require a stronger commitment by government, industry, and non-governmental leaders, U.S. Sen. Richard G. Lugar said recently in a wide-ranging interview with the website, www.climateandinsurance.org. Lugar, a …
Gordon Brown, The UK’s Chancellor of the Exchequer (Finance Minister) and odds-on favorite to succeed Tony Blair as Prime Minister, has apparently come away with some success during his working visit to India. Despite being somewhat overshadowed by the controversy …
Swiss Re’s newly issued “Global Risks 2007” report highlights “a growing disconnect between the power of global risks to cause major systemic disruption, and our ability to mitigate them.” The report – published by the World Economic Forum in cooperation …
Following the successful launch of their joint venture life insurance operations, France’s AXA Group and India’s Bharti Enterprises have signed a preliminary agreement to establish a joint Indian P/C insurer. Bharti will have a 74 percent stake, with AXA holding …
Tony Markel, president and COO of Markel Corporation, has expressed his satisfaction at the progress Lloyd’s has made and the London market’s current strong financial condition. In a comment on the Lloyd’s web site (www.lloyds.com) Markel said he was “amazed” …
The Dublin-based study group Research and Markets announced the addition of “Insurance: Global Industry Guide” to their offering. The bulletin described the new study as “an essential resource for top-level data and analysis covering the Insurance industry. It includes detailed …
Newark Calif.-based Risk Management Solutions has announced the launch of the RMS(R) India Earthquake Model. RMS developed the Model as part of its RiskLink(R) catastrophe modeling system. “The Aggregate Loss Module (ALM(R)) was built in partnership with Aon Re Asia …
A.M. Best Co. has downgraded the financial strength rating to “A”- (Excellent) from “A” (Excellent) and the issuer credit rating to “a-” from “a” of The New India Assurance Company Limited, and revised its rating outlook from stable to negative. …
A.M. Best Co. has downgraded the financial strength rating to “A-” (Excellent) from “A” (Excellent) and the issuer credit rating to “a-” from “a” of General Insurance Corporation of India (GIC), and changed its outlook from stable to negative. “The …
Swiss Re has signed an agreement with TTK Group and India Value Funds Advisors (IVF) to purchase a 26 percent stake in TTK Healthcare Services Pvt Ltd (TTKHCS), one of India’s leading health insurance third party administrators. “TTKHCS provides Indian …
