Emerging Markets
China’s Ping An Insurance Rolls Out Homebuyer Financing
Ping An Insurance (Group) Co., China's second-largest insurer, started a service financing down payments for potential homebuyers as more Chinese cities ease purchase restrictions to bolster sales ...
China Insurers Market “Naughty Child” Coverage and Other Innovations
Your child throws a tantrum and smashes something? Take out "naughty child insurance". Similarly, buy cover against your bride becoming pregnant before the honeymoon, your team being knocked out of ...
Iceland Lowers Volcano Aviation Warning Following Fissure Eruption
Iceland is monitoring a fissure eruption north of the Bardarbunga volcano as authorities downgraded the threat of a full-blown ash cloud. The Icelandic Met Office lowered their aviation warning level ...
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 ...
Marijuana-Linked Accounts Elicit Caution From Big U.S. Banks
Major banks are getting increasingly wary of some transactions with smaller banks that have begun to allow marijuana businesses to open accounts. Officials at the bigger institutions say they fear ...
Dire Cancer Prognosis Sped Up Benmoshe’s AIG Departure
Robert Benmosche, who is stepping down this weekend after five years as American International Group Inc.'s chief executive officer, said he learned in May that he had nine months to a year to live. ...
Governments Provide Reinsurers a Major Market Opportunity: S&P
Reinsurers have a potential major market at their fingertips: Working with governments to boost their disaster resilience. Standard & Poor's Ratings Services draws that conclusion in a new ...
Iceland Volcano May Menace Atlantic Flights Indefinitely
Iceland said heightened alert levels for airlines may be in place for months as one of its biggest volcanoes continues to rumble, threatening an eruption and ash cloud that would menace flights ...