Russia News

ACE to Sponsor N.Y. Firefighters at World Firefighters Games

The ACE Group of Companies announced it will provide funding for 20 New York City firefighters to compete in the World Firefighters Games in New Zealand. While in New Zealand, the participating New York City firefighters will also be guests …

Who’s Who Across Texas, Local Associations at Work

Here’s what some of the local Big “I” chapters have been doing over the past year: AMARILLO President: Todd D. Gower Vice President: Ronnie Hudson Secretary-Treasurer: Steve Lapp Executive Secretary: Val Henneman The Amarillo chapter is currently providing college scholarships …

Houston ‘I’ Day Goes Global

The Independent Insurance Agents of Houston and a host of sponsors are holding the annual Houston “I” Day April 24. Dubbed, “Around the World with Houston Insurance Day,” the event features a luncheon Dr. David Hunter, a counselor to Lloyd’s …

The Night Before Christmas – 2001 Version

‘Twas the night before Christmas and all over Europe a scrambling of F-16’s could be heard, as an unidentified flying object hurtled at astounding speeds through the night skies. First spotted over Russia and eventually localized above the English Channel, …

Incoming President Duffett to Steer PLUS on a Steady Course

Michelle Duffett, co-owner of Insight Insurance Services Inc. of Geneva, Ill., will become the first female president of the Professional Liability Underwriting Society (PLUS) at the organization’s 14th Annual PLUS International Conference in Chicago Nov. 14-16. The outgoing president is …

PLUS Tackles Challenges to Achieve Success

The Professional Liability Underwrit-ing Society (PLUS) will hold its 14th Annual PLUS International Conference in Chicago Nov. 14-16. Entitled The Challenge: Achieving Success, the 2001 Conference will focus on the changes the professional liability industry is currently experiencing and on …

‘Money Laundering’ Through Insurers on the Increase

The conversion of illegal funds into legitimate accounts and investments, commonly known as “money laundering,” is a growth business. According to the International MonetaryFund, money laundering could account for 2 percent of global Gross Domestic Product. Based on 1996 figures, …

S&P Reports Russia Ready for Insurance

The Russian insurance market appears ready for steady growth in the next five to 10 years according to a report by Standard & Poor’s. The announcement comes after last month’s upgrade of S&P’s long-term local and foreign currency issuer credit …

Allianz To Buy 45% Stake In Russia’s Rosno

Germany’s Allianz continued its move into Eastern Europe with the announcement that it would acquire a 45 percent interest in Rosno, Russia’s third largest insurer, from its parent company AFK Sistema for an undisclosed amount. Allianz becomes the first major …

Lloyd’s Follows Mir’s Re-Entry As the World Braces for Splashdown

Lloyd’s announced that an expert team of brokers and underwriters, who are closely following the de-orbiting process of Russia’s Mir space station, would be available to comment on the risks and other insurance issues relating to the scheduled splashdown in …