December 7, 2009
The biggest climate talks in history opened on Monday with a stark U.N. warning of the risk of desertification and rising seas and an assurance by hosts Denmark that a deal to combat climate change was “within reach”. Politicians and …
December 3, 2009
China and other big developing nations rejected core targets for a climate deal such as halving world greenhouse gas emissions by 2050 just five days before talks start in Copenhagen, diplomats said Wednesday. China, the world’s top emitter, together with …
November 13, 2009
A.M. Best Co. has affirmed the financial strength rating of A’- (Excellent) and issuer credit rating of “a-” of the UK-based Sunderland Marine Mutual Insurance Company Limited (SMMI), both with stable outlooks. Best said it expects SMMI’s risk-adjusted capitalization “to …
November 11, 2009
A.M. Best Co. has affirmed the financial strength rating of’ A+’ (Superior) and issuer credit rating of “aa-” of Bermuda-based Tokio Millennium Re Ltd. (TMR), both with stable outlooks. Best noted that TMR is a wholly owned subsidiary of Tokio …
November 5, 2009
Political risk insurance premiums have risen across emerging markets in the last year, fuelled by rising resource nationalism and unrest linked to the financial crisis as well as a renewed concern over risk amongst investors. Foreign direct investors use the …
October 20, 2009
Prospects for a new U.N. climate pact in December remained in the balance after talks among big emitters on Monday but with signs of action by Brazil, India and Australia. “It’s more do-able today than yesterday,” British energy and climate …
September 25, 2009
R J Kiln & Co Limited, the international insurance and reinsurance underwriting group, has announced its entry into the space market with the appointment of specialist space underwriter, Laurent Esquirol, who will write business from its Paris office. He has …
August 21, 2009
A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 510, which is managed by R.J. Kiln & Co .Ltd. (R.J. Kiln). Best also affirmed the ICR …
July 14, 2009
The global economic downturn is far from over, and few countries have dismantled the dangerous protectionist barriers they imposed in response to it, World Trade Organization Director-General Pascal Lamy said on Monday. In remarks to the WTO’s 153 members, Lamy …
June 25, 2009
Slum-dweller Krustin bin Juri lost everything when floodwaters swept through his home and shop on the banks of Jakarta’s filthy Ciliwung river two years ago. But when the next flood hits, and it will because Jakarta sees frequent floods in …