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 …
A.M. Best Co. announced that it has assigned a financial strength rating of “B+” (Very Good) and an issuer credit rating of “bbb-” to Kenya Reinsurance Corporation Limited (Kenya Re). The outlook for both ratings is stable. “Kenya Re’s capitalisation …
Zurich North America’s Emerging Markets Solutions unit (ZEMS) announced the signing of a political risk insurance cooperation agreement in the form of a “Memorandum of Understanding” with the African Trade Insurance Agency (ATI). ZEMS said it will partner with ATI …
Special Risk Insurance and Reinsurance Luxembourg S.A. (SRIR), established last March by Germany’s Allianz AG, several other European insurers and Bermuda’s XL Capital, offers property and business interruption coverage for terrorist related risks. It’s helping to fill the need for …
