Global Economy
Buffett to Lawmakers: Do What You’re Getting Paid for on Immigration Reform
In an Op-Ed piece published in the New York Times on Friday, Berkshire Hathaway's Chair Warren Buffett joined two other billionaire executives in sending a message to Congress about the immigration ...
ACE Takes Steps to Expand European Surety Business
ACE Group said it is launching a number of new surety products in the Netherlands, Belgium and Luxembourg, as part of a broader expansion of its surety capabilities in Europe. The new products will ...
Guy Carpenter: July 1 Renewal Rates Declined on Many Fronts
Insurance policy renewals as of July 1 declined by double digits in a number of lines and regions around the world, Guy Carpenter reported in a July 7 update. The market assessment echoes those made ...
S&P: Insurers Ideal to Fill Infrastructure Spending Gap
With an expected $500 billion per year gap in infrastructure funding through 2030, insurers are well situated to fill that financing void, Standard & Poor's asserted in a July 7 note. The ratings ...
At Least 5 Die in Quake That Struck Mexico and Guatemala
An early morning earthquake centered in southern Mexico killed at least five people, damaging homes and blocking some roads in neighboring Guatemala. A 6.9 magnitude earthquake struck along the ...
Thousands in Canada Lose Power After Arthur’s Atlantic Tantrum
Crews were working to bring back electricity to thousands of homes in Atlantic Canada Sunday after post-tropical storm Arthur swept through the area. More than 130,000 customers of New Brunswick ...
Governments Will Gain Free Access to RMS Cat Modeling Technology
RMS said it will give governments free access to its new catastrophe modeling software program through a new initiative with The World Bank and United Nations. A particular goal here is to increase ...
Swiss Re to Grab Chinese Insurer From RSA For $120M
Swiss Re disclosed it is snatching up a Chinese company from RSA Insurance Group for about $120 million as part of a plan to grow its corporate insurance arm. The Zurich reinsurance giant said its ...