American International Group has acquired 18 percent of MicroCred Nanchong, China (MNC). The deal also gives AIG the exclusive right to sell micro insurance to MNC clients for two years. “MNC is the first wholly foreign-owned micro credit company in …
Willis Group Holdings has launched a new Mergers & Acquisitions (M&A) Practice in South Africa “to serve the insurance brokerage and risk management needs of the burgeoning private equity sector and local corporate clients,” the company announced. Willis explained: “South …
The International Chamber of Commerce (ICC) reported from its Paris office that its “ICC/Ifo global climate index in July fell for the fourth consecutive quarter in a row since sentiment became downbeat last summer, recording its lowest level since 2001. …
– FINEOS to deliver automated claims management solution for catastrophic personal injuries – Dublin, Ireland, July 14, 2008 – FINEOS Corporation, a global provider of innovative enterprise software solutions for insurance, bancassurance, and government, has been selected by the Lifetime …
World Trade Organization mediators in Geneva put the final touches to new negotiating texts on Thursday that will serve as the blueprint for an outline deal in the WTO’s long-running Doha round, trade officials said. The chairmen of talks in …
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 …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Bahrain-based Trust International Insurance & Reinsurance Company (Trust Re) with stable outlook s. “The ratings reflect Trust Re’s strong …
$38 Million A Minnesota House-Senate panel agreed on a $38 million compensation package for victims of the Interstate 35W bridge collapse. The lead negotiators were Sen. Ron Latz and Rep. Ryan Winkler. The total amount is closer to the House’s …
The U.S. Supreme Court Monday affirmed a ruling that apartheid victims who seek damages exceeding $400 billion from more than 50 major corporations can go forward with their lawsuits. With four justices recused from the case and therefore lacking a …
Bermuda-based Flagstone Reinsurance Holdings Limited managed to hold its net income for the first quarter of 2008 at almost the same level as last year, posting $32.86 million, compared to $35.6 million in Q1 2007. 2008 basic book value per …
