President Barack Obama’s administration on Wednesday notified Congress it will start free-trade talks with Japan, bringing the world’s third-largest economy into U.S.-led negotiations on a regional free-trade pact. “The participation of Japan, a major U.S. trading partner as well as …
Brazil’s BB Seguridade Participações SA sealed the world’s biggest initial public offering in seven months at a time when confidence in the South American giant has ebbed because of concerns about high inflation and mounting government interference in some sectors …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Bermuda-based PaCRe Ltd., both with stable outlooks. The ratings of PaCRe are based on its “excellent risk-adjusted capitalization as measured by …
New members joining the UK Managing General Agents’ Association (MGAA) since the beginning of 2013 have increased the total combined gross written premium represented by the Association’s membership to over £2.5 billion [$3.85 billion]. “The total membership now includes 64 …
Swiss-based Allied World Assurance Company Holdings, AG reported net income of $159.0 million, or $4.49 per diluted share, for the first quarter of 2013, compared to net income of $218.2 million, or $5.70 per diluted share, for the first quarter …
The Bermuda-based Everest Re Group, Ltd. reported net income of $384.3 million, or $7.50 per diluted common share, for the first quarter of 2013, compared to net income of $304.7 million, or $5.68 per diluted common share, for the first …
At least 175 mainly women workers were killed in a Bangladesh building collapse and rescuers searching for survivors said on Thursday that many more were trapped in the rubble of a complex that housed factories supplying Western clothes retailers. The …
Wells Fargo Insurance, part of Wells Fargo & Co., is expanding its International Specialty Group by establishing three new teams solely dedicated to serving the insurance and risk management needs of U.S. multinational companies. Based in Atlanta, New York City, …
An eight-story block, housing garment factories and a shopping center, collapsed on the outskirts of the Bangladeshi capital on Wednesday, killing nearly 100 people and injuring hundreds more, officials said. Fire fighters and army personnel worked frantically through the day …
The Swiss Re Foundation and the GEM Foundation announced a “three-year collaborative project to create the first-ever comprehensive picture of seismic risk in Latin America to incorporate social and economic factors.” Swiss Re said: “International and local experts will assess …
