Willis Group Holdings announced that it has received official approval from local authorities to open a representative office of Willis Limited in Kazakhstan, the third office Willis has opened in the former Soviet Union, in addition to branches in Russia …
Credit insurer Coface announced from its Paris headquarters that the Russian state authority for insurance (FSSN) has granted a license to its subsidiary “ZAO Coface Rus Insurance Company” based in Moscow. Coface is the first international credit insurer to obtain …
In conjunction with the release of the latest version of its “Terrorism Threat Map,” Aon’s Crisis Management division analyzes the current state of the ongoing efforts to combat terrorist activities. The analysis differs from Guy Carpenter’s report on the same …
Willis Group Holdings has appointed Scott Pickering as CEO, Russia, Eastern Europe, the Middle East and South Africa, effective immediately. He will be based in the Al Futtaim Willis office in Dubai and will report to Sarah Turvill, Chairman and …
Russia has released pirates who hijacked an oil tanker in the Gulf of Aden because there are no legal grounds to prosecute them in Moscow, a Defense Ministry official said on Friday. The decision reverses a plan to bring 10 …
Piracy off the coast of Somalia is getting worse, partly due to the legal limbo that has led some countries to release captured suspects, Russia’s U.N. envoy said this week. Over the past year and a half, the U.N. Security …
China and India joined almost all other major greenhouse gas emitters on Tuesday in signing up to the climate accord struck in Copenhagen, boosting a deal strongly favored by the United States. More than 100 nations have now endorsed the …
Loopholes in the United Nations climate treaties could actually amount to an increase in global climate-warming emissions and the chance to rein in temperatures may be slipping away, a draft European Union report showed. “Optimistic assessments…indicate that a pathway towards …
Standard & Poor’s Ratings Services has placed its ‘A+’ counterparty credit and financial strength ratings on American International Assurance Co. Ltd. (AIA) and American International Assurance Co. (Bermuda) Ltd. (AIAB) on CreditWatch with developing implications. The ratings on American International …
Germany’s Munich Re and Allianz halted all remaining insurance business in Iran as their national representative body said it backed international moves toward tougher sanctions against Tehran. Against a backdrop of rising political tensions, the world’s biggest reinsurer, Munich Re, …
