December 11, 2007
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 …
December 6, 2007
An exhaustive study of the threat posed by coastal flooding warns that “as many as 150 million people in the world’s major cities could be reliant on flood defenses by 2070 – more than three times the 40 million people …
December 4, 2007
As many as 150 million people in the world’s major cities could be reliant on flood defenses by 2070 – more than three times the 40 million people today – as a result of climate change and urban development. This …
December 3, 2007
Following the departure of Daniel Glaser to Head Marsh (See related article), American International Group announced the promotion of three executives in its Foreign General insurance operations. Alexander R. Baugh will succeed Glaser as Managing Director of AIG UK Limited …
November 29, 2007
A report from Standard & Poor’s Ratings Services concludes that Japan’s top nine non-life insurers recorded ¥173 billion ($1.575 billion) in interim net profits for the first half of fiscal 2007 (ended Sept. 30, 2007), representing a year-on-year increase of …
November 29, 2007
A.M. Best Co. has assigned a financial strength rating of ‘B++’ (Good) and an issuer credit rating of “bbb” to National Reinsurance Corporation of the Philippines (PhilNaRe) with a stable outlook. “The ratings reflect the company’s adequate risk-adjusted capitalization, established …
November 20, 2007
Japan’s Millea Group – Tokio Marine, Nichido and Nissin Fire – increased its profit forecasts for the fiscal year ending March 2008 by Yen 7.7 billion ($70 million), despite some exposure to subprime loans (SPL’s). The Group said it’s “risk …
November 8, 2007
France’s AXA Group’s none month results showed significant gains in all of the diversified giant’s activities, with total revenues for the period of €71.625 billion ($105.12 billion) a 5.9 percent increase over the same period in 2006 on a comparative …
November 2, 2007
The former creative director of the U.S. arm of Japan’s largest advertising agency sued the company this week, saying he was pressured to visit a brothel and engage in other sexually explicit activities on company outings, then was fired after …
October 31, 2007
According to a new study to be issued by ABSG Consulting Inc. and its subsidiary, EQECAT, Inc., “Japan’s chemical industry surprisingly could suffer financial losses equal to more than two years of pre-tax earnings, while the precision machinery and petroleum …