Leadership & Strategy
Catastrophe Bonds Cutting Reinsurance Prices, Says Swiss Re CFO Quinn
Swiss Re Ltd. Chief Financial Officer George Quinn said increasing sales of catastrophe bonds will put pressure on reinsurance contract prices as they compete for disaster coverage. "While the market ...Catlin Hurt By Sandy, Costa Concordia Losses, Bond Slump
Catlin Group Ltd., the second-largest Lloyd's of London insurer by market value, fell in London trading after it reported lower-than-expected first-half earnings, hurt by rising bond yields and ...Greenberg Among Investors Buying Landmark Tokyo Building
A group including former U.S. insurance magnate Maurice "Hank" Greenberg and an Abu Dhabi sovereign fund have agreed to buy a prominent Tokyo office building for $1 billion, the biggest property deal ...
Aon/Berkshire Deal Roils Lloyd’s Waters
Aon and Warren Buffett's Berkshire Hathaway announced in March that they had negotiated the establishment of a "sidecar" facility to operate at Lloyd's. The deal, which had been in the works for some ...
Small Businesses Leading Hiring Rebound
Chris Yura says it took about six months before he could afford to hire the first employee for the clothing company he started in June 2009. SustainU Clothing now has 20 workers, about half ...
Progressive ‘Body Punching’ Way to Greater Acceptance of Snapshot Product
Progressive Corp., the fourth-largest U.S. auto insurer, is searching for the right message to attract customers to a product that tracks a person's driving to set rates, Chief Executive Officer ...Third Point Re With No U.S. Staff Claims Eligibility for JOBS Act Disclosure Limits
Billionaire hedge-fund manager Daniel Loeb's Third Point Reinsurance Ltd., which has no staff in the U.S., said it can limit financial disclosure after a public offering because of rules promoting ...
Goldman Sachs to Sell Its European Insurance Business
Goldman Sachs Group Inc. said it probably will sell a majority stake in its European insurance business in the next 12 months. The business, known as Rothesay Life Ltd. and run by Addy Loudiadis, had ...