India News

Assurex Global Expands Worldwide Presence

Assurex Global — the world’s largest privately held risk management and commercial insurance brokerage group – announced that it has expanded its worldwide presence with the addition of international broker Partners in Cork, Ireland; Mumbai, India; Lima, Peru; Caracas, Venezuela; …

Aon’s Trade Credit 2005 Political and Economic Risk Map Notes Costs of Supply Chain Disruptions

Aon’s Trade Credit division has published its annual analysis of the world’s trade credit and political risk hotspots as illustrated in a new “2005 Political and Economic Risk Map.” The world’s second largest broker also warned that U.S. firms potentially …

Tsunami Losses Less Than $4B Reports RMS

Risk Management Solutions (RMS) has announced estimates that insured losses from the 2004 Southeast Asia earthquake and tsunami will be less than $4 billion, based on the information available within the first three weeks after the disaster. The disaster has …

Trade Ministers to Seek Doha Accord; Agreement Could Bolster International Insurance Market

Although the world’s developed and developing nations still appear to be far apart on concluding new agreements on international trade, they’ve at least agreed to make a new attempt to do so. The so-called Doha round of trade talks hit …

The Asian Catastrophe: An Unprecedented Event Evokes a Global Response

Certain events mark each generation, but as the scope of the disaster that struck 12 countries around the Indian Ocean on Dec. 26 emerges, it has become evident that it will haunt not just the present generation, but many future …

Southeast Asia Tsunami Caused Havoc on Marine Fisheries, Aquaculture Infrastructure

The tsunami waves have had a devastating impact on the fisheries sector in many countries of the Indian Ocean, the Food and Agriculture Organization of the United Nations (FAO) said Thursday. In Sri Lanka, more than 7,500 fishers have been …

Swiss Re Announces Aid Measures for SE Asia

Swiss Re announced that both the company and its employees “are actively supporting the relief initiatives to help the victims of the seaquake tragedy in the Indian Ocean and to aid the rebuilding of the worst hit areas.” The company …

Tsunami Death Toll Rises as Indonesian Casualties Increase

As U.N. Secretary-General Kofi Annan toured the devastation on tsunami-battered Sumatra island Friday, officials raised the Indonesian death toll by 7,000. The added deaths brought the total killed in the Dec. 26 earthquake and tsunamis in several countries to more …

AXA Announces SE Asia Relief Effort; Will Match Employee Donations to $1.35 Million

France’s AXA Group has announced plans to aid the victims of the tsunamis that struck Southeast Asia. “Faced with the scale of human tragedy that has impacted the countries of Southeast Asia in the wake of the tsunami disaster of …

Allianz Announces Asia Relief Efforts

Germany’s Allianz joined a growing list of insurance companies that are contributing to relief efforts in Southeast Asia. The company announced that it would donate 1 million euros ($1.36 million) and would reveal further details of its plans in the …