Russia News

National Snow & Ice Data Center Warns of More Arctic Sea Ice Decline

The most recent bulletin, issued at the end of August by the National Snow and Ice Data Center, has found that the extent of Arctic sea ice “has fallen below the 2005 minimum, previously the second-lowest extent recorded since the …

Willis Net Income Down 50%; Revenues Up 6% in Q2

Despite a soft insurance market, Willis Group Holdings Limited reported a 7 percent growth in commissions and fees, including 3 percent organic growth for the quarter and six months ended June 30, 2008. However, Willis reported net income of $39 …

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 …

Lockton’s James Sees Bigger Role for Brokers as Risk Climate Worsens

The current global risk environment is a time to “analyze operations and take the tough decisions necessary to ensure survival in any downturn,” Julian James, a senior executive with global insurance broker Lockton, told an international audience of insurance industry …

Florida Gov., Insurance Chief Discuss Reinsurance with Lloyd’s of London

Florida Gov. Charlie Crist met with Lord Levene, the chairman of Lloyd’s of London, to discuss reinsurance issues in Florida, as well as Lloyd’s climate change initiatives. The meeting took place during the Team Florida Trade and Business Development Mission …

Guermonprez Named CEO of Aon France

Aon Corp. has appointed Damien Guermonprez as chief executive officer of Aon France. He replaces Vincent Redier, who will continue to serve as executive chairman of Aon France, member of the executive board of Aon Risk Services (ARS), and chairman …

White House Says G8 Can’t Set Global Climate Goals Alone

The Group of Eight major industrialized countries (G8) meeting next week in Japan cannot by themselves set effective long-term world goals on curbing greenhouse gas emissions, the White House said on Tuesday. “With evidence mounting of rapidly rising emissions from …

Hiscox Comments on Recent Art Sales

A bulletin from Hiscox in London notes that “modern, contemporary and 19th century European art continues to see double digit growth despite global uncertainty. The value of modern and contemporary art has continued to see significant rises and has not …

Ratings Recap: Guardian, Old Republic, Ingosstrakh, Cattolica, Caelus Re, Secura, Elwood

A.M. Best Co. has upgraded the issuer credit rating to “bbb+” from “bbb” and affirmed the financial strength rating of ‘B++’ (Good) of Guardian Insurance Company, Inc. of the U.S., Virgin Islands. The outlook for both ratings is stable. “These …

New ‘Carbon Revolution’ Urged to Slow Global Warming

The world needs a shift as radical as the Industrial Revolution to cut greenhouse gas emissions by 2050, while safeguarding economic growth, the McKinsey Global Institute said on Thursday. Its study said that a modern “carbon revolution” to curb global …