Business lobbyists from the United States will descend on the World Trade Organisation (WTO) in Geneva next week to push for favorable terms in a new trade deal, a source familiar with the visits said on Friday. The visits by …
China’s Ping An Insurance Co Ltd. deepened its ties with Belgian-Dutch financial group Fortis on Wednesday by buying half its asset management business for €2.15 billion ($3.4 billion). Ping An, China’s second largest life insurer, also lifted its stake in …
Bermuda-based Flagstone Reinsurance Holdings Limited announced that it has signed an agreement to invest, via a subsidiary, in the capital stock of Imperial Reinsurance Company Limited, acquiring a 65 percent stake in the Company. The two companies had previously concluded …
Ian Bremmer, President of Eurasia Group, recently outlined the consulting company’s selection of the “top 9 ” particularly acute political risks around the world in the coming year. The report also listed a number of “Red Herrings,” i.e. “countries the …
Dublin-based Research and Markets announced the addition of “South African Insurance Industry Forecast till 2012” to their offering. The report “provides extensive research and in-depth analysis of the insurance sector in South Africa,” said the bulletin. “Detailed analysis supplemented with …
France’s SCOR Group announced that it has opened a representative office in Johannesburg, South Africa, as part of its “strategic development plans for the English and Portuguese speaking markets on the African continent.” SCOR said the new facility is “in …
Willis Group Holdings will expand its global graduate program in 2008, following the program’s “huge success” in China. The number of places available to students has risen from 14 in 2007 to 20 in 2008, which has led to a …
Global consulting firm Watson Wyatt announced that it will form a strategic alliance with Fifth Quadrant, the independent South African actuarial and employee benefits consultancy “Both firms have signed a letter of intent whereby Watson Wyatt would acquire an initial …
Willis Group Holdings announced that Flavio Piccolomini, former CEO of Willis’ Italian operations, Willis Italia Spa, has been appointed CEO for Continental Europe, including the Nordic region. He will report to Allan Gribben, CEO of Willis International and will be …
Bumbo International of South Africa recalled about 1 million “Baby Sitter” seats after 28 reports of babies falling out of the seats, including three skull fractures, a U.S. government safety group announced. Babies are at risk for serious head injuries …
