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European Insurers Balk About New Risk Rules

Insurers in Europe, which manage about 8.5 trillion euros ($11.2 trillion) of client money, say their role as long-term investors may be hurt by new regulation. Planned new risk-based rules for ...
Chart Asia Up

Asia Ripe For Reinsurance Expansion, Fitch Says

Softening premium rates in Asia and the market’s broad potential for growth is spurring a regional spike in demand for reinsurance, Fitch Ratings has concluded in a new report. What’s more, that ...
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Tower Group Dealt More A.M. Best Ratings Downgrades

Tower Group International must deal with more ratings downgrades from A.M. Best, spurred by its soaring net losses and uncertainty over whether it can carry its debts through an intended merger with ...
Stuart Parker, portrait

USAA Names New CEO From Within

USAA, the insurance and financial services giant, has named a longtime internal executive with experience running its property/casualty arm as its next CEO. Stuart Parker becomes USAA’s new chief ...
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Hurricane Forecaster Favors Brief and Ugly Storms

When it comes to Atlantic hurricanes, brief and ugly is beautiful, at least to Phil Klotzbach, lead author of Colorado State University’s seasonal storm forecast. That’s because a ragged-looking ...