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Swiss Re is Pulling Back From Catastrophe Coverage

Swiss Re Ltd., the world’s No. 2 reinsurer, is cutting back on catastrophe coverage and moving into new lines of business as low interest rates and fewer natural disasters undercut prices. “The ...
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Citigroup Dives Deeper Into Derivatives Risks

In the past five years, the firm that took the largest U.S. bank bailout of the financial crisis increased the total amount of derivatives on its books by 69 percent, surpassing most U.S. peers and ...
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Hurricane Polo Could Worsen Before Weakening

Hurricane Polo may strengthen a little more before it begins to weaken this weekend as it moves parallel to Mexico’s Pacific coast, the U.S. National Hurricane Center said. Polo has top ...