Milk, toothpaste, cough syrup, pet food, eels, blood thinner, car parts, pork, eggs, honey, chicken, dumplings, cooking oil and rice — if you can fake it or taint it, you can almost guarantee it’s happened in China. A string of …
The New York State Insurance Department has signed an agreement with its counterpart in France that calls for increased cooperation and consultation between the two regulatory bodies. The agreement is similar to agreements signed over the last year between New …
Multinational Claims Require Knowledge of Culture, Currency and Legal Climate In today’s borderless global economy, claims can arise in just about any part of the world where a company does business. Even small and midsize companies with no physical presence …
Standard & Poor’s Ratings Services has assigned its ‘A’ counterparty credit and financial strength ratings to Arch Reinsurance Europe Underwriting Ltd. (Arch Re Europe), a newly formed Ireland-based operating subsidiary of the Bermuda-based Arch Capital Group Ltd. S&P also said …
Undue Influences “(W)e drink the Kool-Aid.” —Moody’s Chief Executive Raymond McDaniel, commenting, in documents, on the dilemmas agencies like Moody’s face in assigning ratings to issuers of securities. Sometimes, he acknowledged, the constant letters and communications from analysts, managing directors, …
ING picks up a $13 billion cash injection; Climate change for fund managers They aren’t the Apple kind of iPod’s; they’re 18 to 34 year old Brits, who are “Insecure, Pressurized, Over-taxed and Debt-ridden” — i.e. “IPODs,’ according to a …
British life insurer Prudential is considering bidding for more than just the Asian operations of American International Group , its chief executive told the Financial Times on Friday. Prudential, the UK’s second-biggest life insurer, said earlier this week that it …
Standard & Poor’s Ratings Services has affirmed its ‘AA-/A-1+’ counterparty credit ratings on both ING Groep N.V. and ING Verzekeringen N.V. S&P also affirmed its ‘AA/A-1+’ counterparty credit ratings on ING Bank N.V., and said that “the outlook on all …
The Bank of Beijing, which is 16 percent owned by the Netherlands ING Groep NV, said on Tuesday it is in talks to buy a 50 percent stake in one of ING’s life insurance ventures in China from the venture’s …
The Dutch government has agreed a €10 billion ($13.25 billion) cash injection into financial group ING, and ING shares were expected to rally on Monday after a 27.5 percent slump in the previous session. ING sought government help to shore …
