Global Economy
Willis Re Sees More Rate Softening With June and July Renewals
Willis Re took a close look at June 1 and July 1, 2014 global reinsurance renewal rates and once again found them mostly wanting from the reinsurance industry perspective. Meanwhile, cat bonds ...
Pension Funds Tread into Danger Zone with Risk Taking: Economist
Pension funds and other long-term investors are taking ever bigger risks and could be laying the ground for renewed turmoil when money gets more expensive, one of the world's leading economists told ...
Sept. 11 Victims Lose Right in U.S. to Sue Firms With Alleged Al-Qaeda Ties
The U.S. Supreme Court turned away an appeal by thousands of Sept. 11 attack victims who sought to sue Middle Eastern companies and people for allegedly providing crucial support to al-Qaeda. The ...
U.S. Bond Funds Sue Puerto Rico Over Bankruptcy Law Changes
U.S. mutual funds holding about $1.7 billion in Puerto Rico debt have sued the cash-strapped commonwealth, accusing the Caribbean island of passing an act modeled after the U.S. bankruptcy code in ...
Ex-AIG CEO Greenberg Loses Supreme Court Appeal Over Company’s Bailout
The U.S. Supreme Court on Monday rejected an appeal by former American International Group Inc Chief Executive Maurice "Hank" Greenberg, who accused the Federal Reserve Bank of New York of unlawfully ...
Low Global Yields, Short Memories Propel Debt Revival for Frontier Economies
Investors are returning to the riskier, less developed bond markets of Africa and other frontier economies, burying memories of past setbacks and plunging in after global yields failed to rise as ...
Allianz, Munich Re’s Ergo Unit Rumored in Talks for Greek Insurer
Allianz SE, Europe's largest insurer, and Munich Re's primary insurance unit Ergo Versicherungsgruppe AG are in talks to buy Agrotiki Insurance from Greece's Piraeus Bank SA, said three people ...
U.S. Economic Growth Picking Up Through 2015: OECD
The U.S. economic recovery should accelerate in coming months as an energy boom, steadily falling unemployment and a rebound in investment push growth to its fastest pace in a decade, the ...