Global Economy
Swiss Re Turns to Former Regulator As Its Latest CRO
Swiss Re is bringing in former financial market-regulator and former executive at the company as its new chief risk officer. The reinsurance giant disclosed on May 7 that Patrick Raaflaub will take ...
Goldman Sachs: Many P/C Insurers Plan Riskier Investments
Nearly 40 percent of property/casualty insurers say they'd like to increase holdings in alternative investments in the coming months to combat low yields, according to a new Goldman Sachs Asset ...
U.S. at Risk of Severe Weather From Climate, Scientists Say
More than half the U.S. population lives in coastal areas that are "increasingly vulnerable" to the effects of climate change, which will ripple throughout the U.S. economy, a White House advisory ...
AIG’s Q1 P/C Results Dip, But Execs Promise More Even Year
Two years after repaying a U.S. bailout, American International Group Inc. faces another challenge: a big decline in net income and a dip in property/casualty insurance results during its 2014 first ...
Marsh: Global Property Insurance Rates Drop in Q1
Heavy competition, plus plenty of capacity and very few major events combined to drive global property insurance rates down lower in the 2014 first quarter, a new Marsh report concluded. Marsh's ...
Investors Pepper Warren Buffett With Tough Questions
Warren Buffett on Saturday defended his recent controversial vote on executive pay at Coca-Cola Co and disappointing performance at railroad BNSF, as investors grilled him on his Berkshire Hathaway ...
XL Group’s McGavick: Life Re Biz Sale Took Years of Planning
XL Group concluded its 2014 first quarter with some encouraging results. But it seemed like all CEO Mike McGavick wanted to talk about at first, during the company's May 2 earnings call, was the ...
Berkshire Hathaway Delivers In a Weaker Stock Market
A ho-hum stock market so far this year may be just what Berkshire Hathaway shareholders needed. As they gather this week at the sprawling conglomerate's annual meeting in Omaha, Nebraska, and rub ...