Global Economy
Make Sure That Classic Car Isn’t a Fake
In the 1930s, British sports-car maker MG made exactly 33 of the K3 open-top race car. If you want to buy one now, there are more than 100 to choose from. No, the defunct carmaker didn't restart ...
Sompo Japan Weighs Acquisition of U.K.’s Canopius Group
Sompo Japan Insurance Inc., a unit of Japan's third-largest casualty insurer group by market value, is considering buying U.K.'s Canopius Group Ltd. as it continues an overseas expansion. The ...
RSA Insurance Ireland CEO Lee Resigns After Another Lower Profit Warning
RSA Insurance Group Plc Chief Executive Officer Simon Lee quit after warning for the third time in six weeks that profit will be lower as the insurer injected more capital into Ireland amid an ...
Insurers Spark Business Boom for Third-Party Asset Managers
Franklin Resources Inc., the money manager that features Benjamin Franklin in its logo, is building the team managing insurers' funds as retail clients retreat from bonds at a record pace. Mark ...
Pension Funds Betting on Catastrophe Bonds; Demand Outpacing Supply
Funds specializing in insurance- linked risks such as catastrophe bonds are benefiting as the $30 trillion pension industry increases bets in a market that hasn't posted an annual loss. At Leadenhall ...
Study Forecasts Growth for Professional Liability Insurance Market Across Europe
The market for professional indemnity insurance across 10 European countries - Austria, Belgium, France, Germany, Italy, Netherlands, Poland, Spain, Switzerland and the UK - will be worth around ...
Congress Could Address ‘Fast Track’ Trade Authority in Early 2014
The Obama administration could secure "fast-track" trade promotion authority from Congress early next year, a leading lawmaker said on Tuesday, handing it the means to secure two big new trade deals. ...
Renewable Fuel Backers Try to Change EPA’s Mind
Supporters of the renewable fuels industry turned out en masse on last Thursday, desperate for the U.S. government to change course after last month announcing a plan to lower the amount of biofuels ...