Global Economy
Tokio Millennium Re Chooses New CEO From Within
Tokio Millennium RE AG has named a new CEO, promoting from within as part of a series of new executive and board appointments. Stephan Ruoff will become chief executive officer of the reinsurance ...Fed Testified it Resisted Giving AIG $85B Bailout Loan
The Federal Reserve Board of Governors didn't want to bail out American International Group Inc. with an $85 billion loan, preferring that the insurer find a savior in the private marketplace, the ...
Aon Benfield Launches New Private Charter Aviation Policy
Aon Benfield has rolled out a new kind of insurance coverage that it suggested could spur business expansion in private charter aviation. Ostensibly, the coverage is designed for SHY Aviation, an ...
The Fed Wants Insurer Input As it Builds Capital Rules
The Federal Reserve today announced a voluntary survey into the potential impact of capital rules for insurance companies that it regulates. The Federal Reserve is seeking comments from the industry ...
National Weather Service Launches Advance Warning Disaster Model
Neighborhoods about to be hit by tornadoes and pilots heading into turbulence will get more warning from the National Weather Service starting today. At least, that's the promise of a new forecast ...
Europol Pushes For Data Law Changes to Battle Cybercrime
Law enforcers in Europe need greater powers to retain data for longer in order to catch cybercriminals selling discrete services that police cannot trace under existing regulations, according to a ...
Hackers See Lucrative Possibilities With Medical Records
Your medical information is worth 10 times more than your credit card number on the black market. Last month, the FBI warned healthcare providers to guard against cyber attacks after one of the ...Greenberg Argument: U.S. Bailout of AIG Extorted Shareholders
The U.S. extorted American International Group Inc. shareholders when it extended a $182 billion taxpayer bailout at the height of the 2008 financial crisis, a lawyer for Maurice "Hank" Greenberg ...