P/$ rate closes at P50.735 to $ 1.
The peso rate closed higher at P50.735 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P50.795 the previous day. The weighted average rate appreciated to P50.755 from P50.81. Total volume amounted to $479.5 million. Aug. coco oil...

International Coverage.
The Hartford Steam Boiler Inspection and Insurance Co. has launched HSB OneSource, an international insurance product designed for middle-market U.S. companies that have inadequate or no international insurance. The coverage combines multiple foreign commercial insurance products into one program that can be tailored to the specific needs of the...

Betting on Lives: The Culture of Life Insurance in England, 1695-1775. (Reviews).
Betting on Lives: The Culture of Life Insurance in England 1695-1775. By Geoffrey Clark (Manchester and New York: Manchester University Press, 1999. xiv plus 241 pp.). $69.95. In the global economy of our day London reigns as the world's premier foreign exchange center, surpassing even New York...

Insuring Canada's exports: the case for reform at export development Canada.
The Study in Brief With Parliamentary review of the Export Development Act due in 2008, the federal government should seize the opportunity to streamline the operations and priorities of Export Development Canada (EDC). Straightforward economic reasoning and ongoing developments in the global financial services industry call into...

Are you being served globally? (Special Report: Risk Management in Focus).
The events of September 11th may have shifted priorities, but the inevitable march toward a global and borderless economy continues. This report from Europe explores how brokers are working with risk managers and carriers to ensure that the internationally exposed are not let down by international service standards. ...

EXECUTIVE MOVES.
Mutual Risk Management Ltd. in Bermuda has appointed Andrew Cook senior vice president and chief financial officer. Cook previously was chief financial officer of La Salle Re Holdings Ltd., a Bermuda-based company that primarily focuses on property catastrophe reinsurance. Greenwich-Conn.-based NetRisk has appointed Haytham Jaber and Sean...

Reinsurance Observer.
Amidst renewed concerns that Lloyd's is deeply threatened by a London High Court case against it, Standard & Poor's has made a point of weighing in on the issue. Lloyd's is defending itself against some 2000 Names (individuals with unlimited liability) who claim that the venerable insurance market acted...

EXECUTIVE MOVES.
David L. Wiley has joined Risk Administration & Management Co., a Concord, Calif.-based subsidiary of Inspro Corp. that provides claims administration and risk management services, as the company's director. Wiley, who previously held the positions of general claims manager and vice president-western claims region for Royal & Sun Alliance,...

Merger gives St. Paul Travelers 'critical mass' in global arena: executives give global insurance products a makeover, a sign that the new company is serious about competing overseas.
The merger between The St. Paul Cos. and Travelers Property Casualty offers "tremendous opportunity" on the world stage, said Bonnie W. Preston, St. Paul Travelers' assistant vice president for global underwriting. In an interview with Risk & Insurance during the annual conference of the Risk and Insurance...

Life Stories: Bermuda's Newest Market.
For Bermuda insurers and reinsurers, the process of diversification has taken the form of a significant broadening of the market by lines and geographic sources of capital. And these days, the way is led by the introduction of life and annuity business. Our island-based correspondent reports. For...