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China’s State Insurers Give ‘Thumbs Up’ to Party with 50-year Bond Buy

China’s state-owned insurers gave a vote of confidence in the ruling Communist Party as it winds up its five-yearly congress on Wednesday, taking the long view by snapping up a 50-year bond at a low rate. Sovereign bond rates are …

How High-Tech Use by Young Agents Is Changing the Way the Insurance Industry Operates

San Diego, CA, 05/23/12 – Tech-savvy young independent insurance agents are changing how the property/casualty insurance industry operates, a new survey reveals. Jason D. Cass, owner of the JDC Insurance Group based in Centralia, Ill., who also serves as chair …

New Antarctic Ice Shelf Threatened by Global Warming

Scientists are predicting the disappearance of another vast ice shelf in Antarctica by the end of the century that will accelerate rising sea levels. The Filchner-Ronne Ice Shelf fringing the Weddell Sea on the eastern side of Antarctica has so …

Aon Completes Strategic Move to London

Aon announced that is now officially a “plc (public limited company; i.e. a corporation) and that it has completed its change of the corporate domicile of “the parent company of the Aon group of companies from Delaware to the U.K.” …

Aon Shareholders Approve Domicile Move to London

Aon Corp. announced that its stockholders voted overwhelmingly in favor of the proposal to approve the previously announced change in corporate domicile of the parent company of the Aon group of companies from Delaware to the U.K. at a special …

Hannover Re Board Approves Legal Change to Societas Europaea

The Supervisory Board of Hannover Rückversicherung AG (Hannover Re) has approved a resolution of the Executive Board to transform the company into a European public limited company (Societas Europaea, or SE). The proposed change in legal form will be presented …

Xchanging Unveils Modernization Technology Initiative for London Market

Global business processor Xchanging has unveiled its vision for the Lloyd’s and London market in a presentation to 120 senior market executives. Xchanging highlighted the “business imperative for London to become easier to deal with in order to remain competitive …