Russia News

Generali Meets Targets Ahead of Schedule, Sheds Global Non-Core Assets

Assicurazioni Generali SpA said it has reached most of its targets ahead of schedule after shedding non-core assets around the world and will present a new strategy in May. “The next plan will be quite different because it will not be focused …

Ward Named to Head New ACE Eurasia & Africa Business Region

The ACE Group announced that it has established a new business region, Eurasia & Africa, as part of its Overseas General division – the general insurance operations of the company outside North America. Regional headquarters is to be based initially …

Russian Insurance Community Works on Implementing ACORD Standards

Global standards development organization ACORD announced that a coalition of major Russian insurers, including subsidiaries of Allianz and Zurich, have agreed to work together to implement its standards. “When completed, this will become the first documented ACORD implementation in the Eastern …

Willis Exec Comments on Russia Joining WTO

A note from Willis Group Holdings features comments from Ann Longmore, Executive Vice President of Willis’ Executive Risks practice, who analyzes the impact(s) of Russia’s accession to the World Trade Organization as its 156th member earlier this month.  “We expect …

U.S. Exports Seen at Risk as Russia Enters WTO

U.S. agricultural, aircraft and other exports to Russia could suffer unless Congress passes legislation soon recognizing the former Cold War enemy is now a fellow member of the World Trade Organization, trade experts and business groups said. After 18 years …

Time Running Out for Russia Trade Bill Says Congressman

Time is running out for Congress to approve a Russia trade bill before Moscow formally enters the World Trade Organization in August, potentially putting U.S. exporters at a huge disadvantage, a senior Republican lawmaker said. Representative Kevin Brady said House …

House Lawmakers Reach Deal on Russia Trade Pact, Rights Bill

The top Republican and Democrat on the House of Representatives Ways and Means Committee said on Thursday they had reached a deal to move forward on Russian trade legislation, including human rights provisions opposed by Moscow. “I am pleased that …

Heat Waves Need ‘Re-purposed’ Climate Research: Reuters Gerard Wynn

A major heat wave and drought has sent world grain prices sky rocketing for a second of three summers suggesting it is time to address supply through re-purposed climate research. Tackling high food prices among the leading G20 nations has …

Russia Backs WTO Entry; U.S. Friction Persists

Russia’s upper house of parliament voted on Wednesday to ratify entry into the World Trade Organization, and now only the signature of President Vladimir Putin is needed to complete the country’s 18-year bid to join the trade rules club. Russia …

Senate Panel Approves Russia Trade, Human Rights Bill

The Senate Finance Committee on Wednesday unanimously approved a bill to ensure U.S. exporters share in the benefits of Russia’s accession to the World Trade Organization but also to punish Russian officials for human rights violations. The legislation still faces …