Three potential bidders remain interested in the sale of a large stake in American International Group’s $20 billion Asian life insurance unit, people close to the matter said on Wednesday, as the auction heads into its final week. But hopes …
An international pilot study involving the Toronto General Hospital (TGH), a teaching hospital affiliated with the University of Toronto, and other hospitals from around the world, has found that using a Surgical Patient Safety Checklist significantly reduces surgical complications and …
When it comes to corporate fraud scandals, nowhere is safe. Revelations of a $1 billion fraud at Indian IT firm Satyam Computer Services do not point to a higher systemic risk of accounting scandals in India, or even in emerging …
The London-based marine insurer Steamship Mutual, a leading P&I Club, announced that it is launching a structured Pre-Employment Medical Examination (PEME) scheme. The exam provides an “enhanced medical test and screenings to Members’ crew and forms part of the Club’s …
Fitch Ratings has downgraded to ‘BBB’ from ‘A-‘ the Insurer Financial Strength (IFS) ratings of Exporters Insurance Company, Ltd. and its subsidiary, Exporters Insurance Company (Europe) Limited, following the closing of QBE Holdings, Inc.’s acquisition of Exporters’ renewal rights and …
Somali pirates have hijacked a Yemeni cargo ship in the Gulf of Aden, a regional maritime group said on Tuesday, a day after sources said the gang holding a Saudi Arabian supertanker were demanding a $15 million ransom. Andrew Mwangura, …
Somali pirates holding a Saudi supertanker after the largest hijacking in maritime history have reduced their ransom demand to $15 million, an Islamist leader and regional maritime group both said on Monday. The Nov. 15 capture of the Sirius Star …
In high seas and heavy rain, the supertanker Kasagisan was steaming through the Malacca Strait in February when it was suddenly surrounded by six small boats. The crew of the vessel, heading from Saudi Arabia to Japan with a cargo …
Somali pirates have captured a fully laden Saudi supertanker far off east Africa, seizing the biggest vessel ever hijacked with a cargo of oil worth over $100 million in an attack that pushed world crude prices higher. The U.S. Fifth …
India’s Tata Sons has been in talks to buy a stake in AIA, a major Asian unit of American International Group, sources close to the matter said. The U.S. insurance giant has been seeking to sell assets after nearly collapsing …
