Global Economy
Insurance-Linked Securities on Track to Break Issuance Records: Willis
Insurance-linked securities (ILS) will break issuance records last set in 2007 as the embrace of alternative investments in the property/casualty industry continues to grow, according to an update ...
FERMA Survey Reveals Dissent Over Management of Top Risks
Risk managers are not satisfied with the level of mitigation for six of the top 10 risks "that keep their CEO awake at night," which is one of the key findings of the 2014 Risk Management ...
Earthquake Bonds: California Plans to Sell $350M of Them
The California Earthquake Authority, the largest seismic insurer in the U.S., is selling $350 million in bonds to strengthen its ability to pay claims, after the state's first death due to a quake in ...
Ex-AIG CEO Liddy Defends His Role as Government-Tapped Leader
Former American International Group Inc. Chief Executive Officer Edward Liddy defended his role as the government-tapped leader of the company at the time of a 2008 bailout, saying he took the job to ...
Ebola Spread Could Spur Big Business Interruption Losses: AIR Worldwide
With an ongoing outbreak of Ebola in West Africa shows no sign of slowing, AIR Worldwide predicted business interruption losses in a number of areas, but questions whether existing coverage will be ...
The FSB Wants Feedback on Policies For Systemically Important Insurers
The Financial Stability Board (FSB) is seeking public comment on proposed guidance "for the identification of the critical functions and critical shared services for systemically important insurers." ...
Marsh Brings on New CFO to Replace Malvasio
Marsh has chosen a new chief financial offer to replace the long-time executive who currently has held the position and is retiring. The insurance broker and risk management subsidiary of Marsh & ...
Hundreds of Ohio Quakes Tied to Fracking in New Study
A new study suggests fracking triggered hundreds of small, unnoticeable earthquakes in eastern Ohio late last year, months before the state first linked seismic activity to the much-debated ...