Growing concerns about food security could spur renewed efforts to liberalize global trade, according to Australia’s trade minister. If the global community wants to help solve the food crisis, it must liberalize markets so that people can trade available surpluses …
A.M. Best Co. has revised the outlook to positive from stable for the ratings of New Zealand’s Pacific International Insurance Limited (PII), and has affirmed PII’s financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-“. “The rating …
The 10th edition of the European Insurance Forum wrapped up proceedings on Tuesday night. The two-day conference, held at Dublin’s Four Seasons Hotel and sponsored by the Dublin Insurance & Management Association (DIMA), focused on some major issues of worldwide …
Centre-left leaders from around the world called on Saturday for urgent reform of global financial institutions to prevent a recurrence of the credit crisis. About a dozen leaders, brought together by British Prime Minister Gordon Brown, issued a communique urging …
A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of “a-” to Bermuda’s International General Insurance Company Limited (IGI). Best has also assigned an issuer credit rating (ICR) of “bbb-” to Dubai-based …
New Zealand Trade Minister Phil Goff said this week he’s hopeful China and New Zealand have completed formal talks to finalize a free trade agreement between the two states — the first such deal by China with an advanced economy. …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of “a-” of General Insurance Corporation of India (GIC) and has revised its outlook on both ratings to stable from negative. “The …
Boston-based AIR Worldwide has issued a bulletin indicating that insured losses from a recent strong earthquake in New Zealand “are unlikely to exceed NZD 250 million” [$191.6 million]. The quake struck about 25 miles southwest of the coastal city of …
Pandemics are inevitable and businesses must prepare now by developing continuity plans in case of a flu outbreak, said Scott Mugno, managing director, corporate safety, health and fire protection at FedEx Express. According to Mugno, pandemics will happen and have …
The Chief Executive Officer and Chief Operating Officer of New Zealand’s monopolistic Accident Compensation Corp. are visiting West Virginia’s BrickStreet Mutual Insurance to learn the state’s workers’ compensation provider and its transition from state agency to fully private operation. ACC’s …
