Risk
We Can Write Terror Risk: Part II
The leader of a firm thought to be the world's largest investment manager of catastrophe bonds told federal lawmakers last week that the insurance-linked securities market is poised to provide ...
Insurers Express Interest in Fund to Protect Customers of Bankrupt Brokers
Eight private insurers have expressed interest in participating in a fund to provide insurance for losses suffered by customers of futures brokers that go bankrupt as in the cases of MF Global and ...Warming Partly Caused by El Niño; CO2 Warming Effect Less than Believed: Researchers
A natural shift to stronger warm El Niño events in the Pacific Ocean might be responsible for a substantial portion of the global warming recorded during the past 50 years, according to new research ...
Typhoon Fuels Call for Rich Nations to Compensate Poor for Global Warming Losses
The typhoon that killed thousands of people in the Philippines has energized debate about whether rich nations should compensate poor ones for climate-related losses, a proposal the U.S. and European ...
Citadel Reports Holding in Loeb’s Third Point Re After IPO
Ken Griffin's Citadel LLC and Cambiar Investors LLC are among asset managers that reported holdings in billionaire Daniel Loeb's Third Point Reinsurance Ltd. after the company's initial public ...
Insured Losses from Haiyan Could be $300M-$700M: AIR Worldwide
AIR Worldwide estimates insured losses from Super Typhoon Haiyan will range between $300 million and $ 700 million, the Boston-based catastrophe modeling firm said Sunday. AIR also said that total ...
Cyber-Attacks Increasing Threat to U.S., Major Terror Attack Threats Lower: FBI Director
Attacks on the Internet are a growing threat, and Congress needs to protect companies from being sued for providing information to the government when they've been targeted, security officials told a ...
ILS Market Could Be $150B by 2018, Cat Bonds Likely $50B: BNY Mellon
The level of catastrophe bonds outstanding could more than double from the current level of $19 billion to $50 billion by the end of 2018, according to a report from BNY Mellon. The global provider ...