Poland News

World Trade Talks Stall as Troubles Grow

Progress towards a global trade deal ground to a halt on Monday as the United States clashed with China and India over access to their rapidly growing markets and key European Union states demanded better terms. Negotiators battled over a …

Alliant Launches Political & Economic Risk Indices, Ratings on Bloomberg

Alliant Emerging Markets announced the expansion of its risk analytics and advisory services by launching a source of political and economic risk indices and ratings available to banks, investments banks, private equity, F500 and hedge funds. Alliant’s risk analytics began …

S&P Rates Polish Insurer as Stable

Standard & Poor’s Ratings Services revised its outlook on non-life insurer Powszechny Zaklad Ubezpieczen S.A. and life insurer Powszechny Zaklad Ubezpieczen na Zycie S.A., core entities of Poland-based composite insurance group PZU, to stable from negative. At the same time, …

Lloyd’s Examines Growth of Polish Insurance Industry

While most people identify Russia as the emerging insurance market in Eastern Europe, Lloyd’s notes that “Poland is beginning to make a name for herself. When Lloyd’s Chairman Lord Levene visited the country last year, he referred to it as …

Scaffold Collapse in New Jersey Kills 2

A scaffold holding three painters at a Bayonne, New Jersey industrial complex collapsed Saturday, killing two of them and seriously injuring the other. The men were painting a fuel tank at the International-Matex Tank Terminals when the collapse occurred at …

California Earthquake: Damage Predictions of ‘Big One’ Get Bigger

A new report is predicting that a repeat of San Francisco’s 1906 earthquake would damage more than 90,000 buildings and cost $150 billion to repair. According to the report, “When the Big One Strikes Again,” prepared for the 100th Anniversary …

Aviva to Unite Business under Global Brand Name

With the announcement on Tuesday, April 29, that it intends to unite all of its businesses under the name Aviva, the UK’s largest insurer turned the page on one of the oldest names in the country’s insurance business. Norwich Union …

Roberts to Lead Marsh’s London Strategic Risk Practice

Marsh announced the appointment of Stephen Roberts as Leader of its London-based Strategic Risk Practice. He will report to Eddie McLaughlin, Head of Marsh’s Business Risk Consulting Group. Marsh said its “Strategic Risk Practice identifies and analyses risks relating to …

Catlin Syndicate Leads Coverage for Europe/China Rail Cargo Link

The Catlin Syndicate, the largest syndicate at Lloyd’s of London in terms of premium capacity, is leading the cargo insurance coverage for goods transported by an innovative new rail container service linking Europe with China. The Company’s bulletin noted that …

Business Moves

Hull & Co., Big Sky Underwriters, Powers & Co. Hull & Co. Inc. acquired substantially all of the assets of Missoula, Mont.-based Big Sky Underwriters Inc. “The people of Big Sky are well respected in the Northwest marketplace,” said Bob …