Global Economy
Regulators Look to Coax Insurers, Other Investors Back Into Asset-Backed Bond Market
Global regulators are seeking to coax institutional investors, from insurers to pension funds, back into the market for asset-backed bonds to boost non-bank funding for businesses. "The focus of ...
Investor Demand for Political Risk Insurance Remains High
Investors' demand for insurance against political risk is on track to match last year's record as instability persists in the Middle East and disputes in Latin America erode confidence, the World ...
‘New Wealth’ Shows High Interest in High-Priced Art
Art Basel Miami Beach, the largest U.S. art fair, will offer more than $3 billion of mostly postwar and contemporary works when it opens to a select group of collectors today, a 20 percent increase ...
Hard Market Will Come; Question Is When, Swiss Re Says
In its latest sigma report forecasting profits and premium growth for insurers over the next two years, Swiss Re says the eventuality of a hard market is a given—it's just a matter of when. ...
Zurich Insurance Seeks to Boost Investor Confidence, May Lower Target
Zurich Insurance Group AG Chief Executive Officer Martin Senn will probably reduce a profitability target after Switzerland's biggest insurer said it may struggle to meet some goals set in 2010. ...
Chamber Wants Tighter Rules on Systemically Risky Designations for Non-Banks
The U.S. Chamber of Commerce is calling for rules that would make it more difficult for a group of regulators to subject financial companies to stricter oversight. A vote of three-quarters of the ...
Hartford Bailout Warrants Double in 3 Years Since Auction, Aiding Paulson, Berkowitz
Hartford Financial Services Group Inc. warrants climbed to twice the price they sold for in a U.S. Treasury Department auction three years ago, benefiting investors such as Bruce Berkowitz and John ...
Easing of Iranian Oil Ship Insurance Sanctions Likely Months Away
A pledge by world powers to ease ship insurance sanctions on some Iranian oil exports is likely to take months to come into effect due to complex law and regulation and to insurers' unease over ...