Old Mutual, South Africa’s largest insurer, whose shares are traded both in Johannesburg and London, will transfer approximately 12.5 percent ownership in the company to its employees and selected investment groups, as part of the country’s plans to increase black …
Zurich Financial Services Group announced that it has signed an agreement to sell a 10 percent stake of South African Eagle Insurance Company Limited (SA Eagle), a majority-owned subsidiary, to Royal Bafokeng Finance (RBF), a company wholly-owned by the Royal …
A report, prepared by the United Nations Environment Program (UNEP), entitled “The Millennium Ecosystem Assessment,” concludes that many of the planet’s essential systems are endangered, primarily due to human activity. It warns that, if left unchecked, the consequences could be …
Standard & Poor’s Ratings Services announced that has raised its long-term counterparty credit and insurer financial strength ratings on Hannover Reinsurance Africa Ltd. (Hannover Re Africa) to “BBB” from “BBB-” with a positive outlook. “The upgrade follows a significant improvement …
The filmmaking world is becoming riskier, according to the 2005 Risks in Global Filmmaking map published by Aon/Albert G. Ruben. In addition to highlighting terrorism and political risks, the map placed high-risk ratings on 70 countries compared to 55 a …
Research and Markets announced the addition of The Global Insurance Handbook 2005 to their offering. The increasing size of risk in the world is reportedly influencing multinational and global companies to protect ever larger balance sheets against traditional and untangible …
Members of the National Association of Insurance Commissioners (NAIC) have elected a slate of three new officers in interim elections held during the 2004 NAIC Fall National Meeting. Pennsylvania Insurance Commissioner Diane Koken is the new NAIC president, Oregon Insurance …
Almost all agents have clients with errors and omissions (E&O) exposure and the most difficult job the agent may have is convincing the client that they have the exposure. After 20 years of selling E&O/EPL/D&O exclusively, I have found some …
Almost all agents have clients with errors and omissions (E&O) exposure and the most difficult job the agent may have is convincing the client that they have the exposure. After 20 years of selling E&O/EPL/D&O exclusively, I have found some …
Ten present-day descendants of slaves who were transported from Africa in the 18th and 19th centuries have filed a lawsuit against R.J. Reynolds Tobacco Co., Fleet Boston Financial Corp. (as successor in interest to the Providence Bank of Rhode Island) …
