Global Economy
A.M. Best: Smaller Insurers Carry Advantage in Emerging Markets
In developing parts of the word, insurance carrier-size matters, but not in the way you might think. While large companies are making gains, smaller carriers are particularly thriving under the ...
Federal Reserve May Slow Implementation of National Capital Rules
The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records ...
Lufthansa Risks Unlimited Liability in Germanwings Crash
Deutsche Lufthansa AG may face unlimited liability for payments to families of victims of the Germanwings jet crashed by its suicidal co-pilot, according to lawyers. "The liability for the victims ...
Cyber Risks Emerging as Shipping Sector Threat: Allianz
Cyber risks are emerging as a new threat for the shipping sector even as ship losses have sunk to their lowest level in a decade, Allianz Global Corporate & Specialty concluded in a new study. ...
Germanwings Crash Spotlights Risk as Pilot-Caused Disasters Rise
The suspected intentional destruction of a Germanwings jet by a pilot shows the need for new protections against suicidal crew members—a threat emerging as one of the worst in modern aviation, ...
German Insurance Giant Slumps In Face of Overhaul
Talanx AG, Germany's third-biggest insurer, slumped after saying it began an overhaul of its German consumer division. Talanx lost as much as 10 percent, the biggest intraday decline since the shares ...
Property/Casualty M&A Continues Accelerating in 2015: Conning
Property-casualty insurance sector M&A deals jumped by more than 31 percent and deal value grew by more than half from 2013 to 2014 as carriers sought to diversify, remain relevant with customers ...
WSJ Documents Decline of The Southport Lane Insurance Empire
An insurance empire that included two insurance carriers, two offshore reinsurers, several buildings and other insurers' investments was built by a private equity firm in part on questionable assets ...