Leadership & Strategy
New York City Proposes $20B ‘Resiliency’ Plan to Handle Rising Sea Levels, Temperatures
New York Mayor Michael Bloomberg on Tuesday announced a $20 billion plan to prepare for rising sea levels and hotter summers expected as a result of climate change in the coming decades. The plan, ...
Central European Flooding Is Credit Negative For P/C Insurers
Heavy rains in Central Europe that caused recent river flooding should produce total property insurance losses lower than an earlier severe flood event in 2002, but this is still credit negative for ...
Bond Buffer Seen in Demand for Swaps Collateral: Credit Markets
New collateral rules for hedge funds, insurers and others in the $633 trillion over-the-counter derivatives market are poised to boost demand for U.S. Treasuries, potentially slowing rising yields as ...
Buffett’s Charity Lunch Auction Draws Winning Bid of $1 Million
Warren Buffett's annual lunch auction, a fundraiser for San Francisco's Glide Foundation, raised about $1 million, the lowest amount in six years. The event drew 106 bids from 8 people as it ...Runoff Specialist Enstar Acquiring Active Atrium Underwriting Ops, Arden Re
Bermuda-based runoff management specialist Enstar Group Limited announced Wednesday that it has entered into definitive agreements with Arden Holdings Limited to acquire Atrium Underwriting Group ...
Fed’s Plosser Favors Too-Big-To-Fail Firms Holding More Capital
Federal Reserve Bank of Philadelphia President Charles Plosser called for the largest financial institutions to hold more capital to help prevent a repeat of the recent financial crisis, and renewed ...
Sea Level Rise May Be Less Than Feared But Still Bring Severe Surges
A melt of ice on Greenland and Antarctica is likely to be less severe than expected this century, limiting sea level rise to a maximum of 69 cm (27 inches), an international study said on Tuesday. ...
U.K. Financial Services Employees Say Colleagues Overpaid
Most U.K. financial-services employees say some within their companies are paid too much amid negative public sentiment toward the industry, according to a survey by the Chartered Institute of ...