Global Economy
Swiss Re CFO: Regulators Should Keep Cat Bonds From Risky Repackaging
Swiss Re AG, Europe's second-biggest reinsurer, said regulators should prevent catastrophe bonds from being repackaged like subprime mortgages. "It's important for traditional players like us and ...
At RIMS 2015, Cyber Threats were High on the P/C Industry’s Priority List
The insurance industry is increasingly concerned about protecting clients against the growing and poorly understood problem of cyber threats, a group of underwriters and brokers told an audience of ...
PartnerRe Bans Earnings Call Questions on EXOR’s $6.4B Bid
PartnerRe Ltd., the reinsurer that agreed to combine with Axis Capital Holdings Ltd., said it would refuse to answer questions on its first-quarter earnings call about the unsolicited $6.4 billion ...
AIG Signs on Four Firms to Boost Client Cyber Security Services
American International Group forged four new partnerships with cyber security companies in a bid to boost risk mitigation and prevention services for its clients. AIG declined to disclose financial ...
Zurich Insurance Backs Global Approach to Boost Cyber Security
Oversight that transcends national boundaries is necessary to strengthen cyber security beyond current, outdated policies maintained by individual governments, a new Zurich Insurance ...
Global Regulators’ Influence Over U.S. Insurance Policy Criticized
A member of the U.S. panel charged with preventing another financial crisis said he's concerned that global regulators have too much sway over American policy, especially on insurance. "International ...
Towers Watson: Global Insurers Increasingly Rely on Enterprise Risk Management
Close to 75 percent of global insurers insist they use enterprise risk management regularly to evaluate their business strategies, according to a new Towers Watson survey. At the same time, carriers ...The Hartford’s P/C Profits Deteriorate in Q1
Hartford Financial Services Group Inc., the insurer that sold life units to focus on property-casualty coverage, said first-quarter profit fell 5.7 percent as results deteriorated at P&C units. ...