Global Economy
BlackRock CEO: Low Interest Rates Threaten Insurers and Pension Funds
Low interest rate policies by central banks around the world are threatening insurance companies and pension funds, said Laurence D. Fink, chief executive officer of BlackRock Inc., the world's ...
Zurich’s Declining Earnings Leads to Desk Sharing, Shrinking Office Space
Zurich Insurance Group AG, Switzerland's largest insurer, is shrinking office space at a key unit and will ask staff to share desks to help reverse a drop in earnings. The steps are needed to help ...
The Founder and CEO of Specialty Insurer ANV Abruptly Departs
The founder and CEO of ANV Holdings BV has left the company, according to an April 20 announcement from the Dutch-headquartered global specialty insurance group. R. Matthew Fairfield issued a ...
Willis to Compete With Banks Pursuing Asia M&A
Willis Group Holdings Plc's Rafal Walkiewicz and Michael Guo, who were promoted last week to lead the investment-banking operation, are focusing on Asia as they vie with Wall Street in advising ...
U.S. Regulators Advocate Oil Train Risk Reduction Measures
Oil train operators must have detailed information on hand about the possible risks of their cargo in case of an accident and perform more thorough checks before moving on the tracks, U.S. ...
Aspen and Starr to Jointly Underwrite International Property Insurance
Aspen Insurance and Starr Companies sealed an agreement to jointly underwrite international property insurance. Neither side is disclosing financial terms. But they'll focus on European companies ...
EXOR Avoids Hedge Fund Approach in $6.4B PartnerRe Bid
The Agnelli family's EXOR SpA, known for investments in cars and soccer, is dismissing the prevailing reinsurance strategies as it seeks to push into the industry with a $6.4 billion takeover. EXOR ...
TigerRisk Brings on Willis Vet Ursano as New President
TigerRisk Partners is bringing on a veteran Willis cat bond executive as its new president. The Connecticut-based reinsurance broking and risk/capital management firm said it has appointed Tony ...