Indiaâ€™s rupee fell to the lowest level in more than three weeks after central bank Governor Duvvuri Subbarao said the nationâ€™s current-account deficit is set to widen from a record. Bonds declined. Read more
Willis Group Holdings (WSH: NYSE), the global insurance broker, has launched its unique directorsâ€™ all risks cover (DARCstar) in Australia, Hong Kong and Singapore.
DARCstar policies have already been written for a number of global companies. The policy has been launched in the United Kingdom, Spain, Sweden, Israel and Columbia with plans to extend the wording to other jurisdictions including New Zealand, Argentina, Chile, France, Germany, Mexico and the Netherlands. Read more
The world’s top insurance firms are setting their sights on Myanmar, steeling themselves for a fight with corruption and Â ghosts from the nation’s political past.
Prudential Plc, AIA Group Ltd and Manulife Financial Corp are among the global insurance giants preparing to enter Â Myanmar as the government rolls out a framework for the sector’s development with the lifting of European and U.S. Â sanctions. Read more