Insurance

Abu Dhabi Commercial Bank May Have Most Dubai World Loans at $1.9 Billion Abu Dhabi Commercial Bank PJSC may be owed $1.9 billion by Dubai World, making it the largest creditor outside the emirate to the state company seeking to reschedule debt, said two people familiar with the companies.

China's First 50-Year Bonds Will Attract Life Insurers, Shenyin Predicts China’s 20 billion yuan ($2.9 billion) sale of 50-year treasury debt today, its first ever, will attract life insurers because the yield will probably be at least 4.4 percent, said Shenyin Wanguo Securities Co.

Siemens Hearing-Aid Division Said to Draw Interest From KKR, BC Partners Siemens AG’s hearing aid business, valued at as much as 3 billion euros ($4.5 billion), is drawing interest from private-equity firms including KKR & Co. L.P. and BC Partners Ltd., two people familiar with the matter said.

China Regulator Sets Out Rules Allowing Banks to Invest in Insurance Firms China is allowing banks to invest in insurers for the first time and is limiting each lender to buying into only one insurance company, the China Banking Regulatory Commission said on its Web site today.

Greenhouse-Gas Pledges by China, U.S. May Drive Climate Deal in Copenhagen Pledges by China and the U.S. to set numerical targets for their greenhouse-gas emissions through 2020 may reignite stalled progress for a global climate agreement at negotiations next month in Copenhagen.

Metcash Makes Offer for 50.1% Stake in Australia's Mitre 10 Hardware Group Metcash Ltd. has offered to acquire an initial interest of 50.1 percent of Mitre 10 group with the potential to acquire 100 percent of the company in either 2012 or 2013. Metcash released the information in a statement to the Australian stock exchange today.

Canada Province Prince Edward Island Proposes Law to Sue Tobacco Companies The government of Prince Edward Island, Canada’s smallest province, has proposed a law allowing it to sue tobacco companies for the cost of treating smoking- related illnesses.

Munich Re Says Climate Change Is One of Mankind's `Biggest Challenges' Munich Re, the world’s biggest reinsurer, said climate change is “one of the biggest challenges facing mankind” and must be fought with ambitious targets to curb a costly rise in natural catastrophes.