Brand Management & Sales
World Bank: Poor Countries Should Manage Risk, Expand Insurance to Grow
Developing countries should be more willing to take risks that have the potential to spur growth, the World Bank said in a report. While disregarding risk can lead to economic disaster, too much fear ...
Entertainment Insurers Re-Tune Policies After Michael Jackson Case
When Britney Spears takes the stage this December for the first of a heavily hyped 100-show two-year residency at Planet Hollywood in Las Vegas, the loudest cheers may come from her insurance ...
Surge in Firms Based in Emerging Markets to Reshape Corporate World: McKinsey
The number of large emerging market companies will surge in coming years and they will become competitors but also customers for rich-country firms, according to a new study. Almost three-quarters of ...
Monsanto Acquiring Weather Data Modeler, Farm Insurer Climate Corp. for $930 Million
Monsanto Co., the world's largest seed company, agreed to buy The Climate Corp. for about $930 million to provide farmers with weather data and agronomic modeling to boost yields and manage risk. ...Guy Carpenter Targets E&S Carriers with Specialty Practice
Guy Carpenter & Co., a global risk and reinsurance intermediary specialist and member of Marsh & McLennan Cos., announced the launch of its new Excess & Surplus Lines Specialty Practice. ...France’s Axa Sells Majority Stake in Private Equity Unit
Axa SA, France's biggest insurer, sold a majority stake in its private equity unit to its management, led by founder Dominique Senequier. The transaction values Axa Private Equity, which oversees ...New York’s Regulator Urges Obamacare-Like Standardization of Homeowners Policies
Homeowners' insurance needs to be more standardized because customers are confused about what their policies protect, New York's financial regulator said. Few fully understand all the complexities of ...
China Testing Free Market with New Shanghai Financial Services Zone
Citigroup Inc. and Bank of China Ltd. said they will participate in Shanghai's free-trade zone as the Chinese government inaugurated the 11-square-mile experiment in more relaxed financial and ...