Rescue workers are continuing their efforts to find survivors of the landslide that buried the village of Guinsaugon, in the town of St. Bernard on the Philippine Island of Leyte last Friday, Feb. 17. 10 days of torrential rains have …
American International Group Inc. (AIG) reported that a wholly-owned Taiwan subsidiary has reached an agreement with Central Insurance Co., Ltd (Central Insurance) to acquire all of Central Insurance’s outstanding shares by means of a statutory share swap. The purchase value …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Central Reinsurance Corporation (Central Re) (Taiwan). The outlook for both ratings is stable. The ratings reflect Central Re’s improvement …
Euler Hermes ACI, a provider of trade credit insurance and risk mitigation information, has released a special global risk analysis report from its U.S. headquarters in Maryland. The company, a subsidiary of French insurer AGF, which is in turn part …
ATV manufacturers in the United States, who for decades resisted federal safety regulations on their vehicles, are now embracing them as foreign companies try to crack the U.S. market. Sens. Norm Coleman, R-Minn., and Mark Dayton, D-Minn., recently introduced legislation …
ILLINOIS Crop Insurance for African Farmers: Opportunity International, a global microfinance network based in Oak Brook, Ill., announced its partnership with the World Bank and its affiliated IFT Commodity Management Group to provide index-based weather insurance to rural farmers in …
At least 73 people have died in eastern China as Typhoon Talim slammed into the coast, triggering floods and landslides. China’s Xinhua News Agency reported that around 53 people have died in Anhui Province, the worst-hit, as heavy rain began …
Zurich Global Energy announced the appointment of Chris Barber as Global Energy onshore property manager for Asia. The appointment follows the creation of the Greater China unit under CEO Johnny Chen at the start of 2005 and is in line …
With only four percent of its 1.3 billion people holding insurance policies, China represents the world’s largest but also perhaps most challenging opportunity for foreign insurers, according to a study published by Reuters and KPMG. The report identifies the unprecedented …
The 22nd Pacific Insurance Conference will be held at the Grand Hotel, Taipei, Taiwan on October 23 – 26, 2005. The 2005 conference features industry leaders making presentations, moderating panel discussions, and directing roundtable workshops examining “Pathways to Success in …
