Global Economy
Reinsurance Rendez-Vous Gets Underway in Monte Carlo
The 57th Reinsurance Rendez-Vous in Monte Carlo, which begins with registration on Saturday, promises to be somewhat less stressful than many previous Monaco gatherings. A mass of warm air, combined ...
Lloyd’s Chairman Nelson: Investment Boom Puts Insurance At Risk
A flood of investment capital into structures linked to insurance could lead to instability and spark a new financial crisis if left unsupervised, a top official has warned. Billions of dollars from ...
Wells Media Launches Carrier Management Print Magazine
Wells Media Group Inc. has launched a new print publication, Carrier Management Magazine, for property/casualty (P/C) insurance executives. This magazine launch follows the spring debut of the ...
Asia’s Expert Networks for Investors Coming Under U.S. Scrutiny
Expert networks - a matchmaking service linking investors such as hedge funds with company insiders - are under scrutiny from regulators in the United States, but are expanding across Asia, where the ...
G20 Regulators Give ‘Shadow Banks’ Until 2015 to Comply with Global Rules
The $60 trillion "shadow banking" sector has been given until 2015 to fully comply with its first set of global rules, after an international regulatory task force unveiled plans to curb risk without ...
G20 Leaders Seen Endorsing Shadow Banking Rules
World leaders are expected to take a softly-softly approach to regulating the so-called shadow banking sector when they meet in Russia next month to avoid damaging the flow of finance to the global ...
Islamic Finance Body Develops First Cross Border Market with $490 Million Sukuk
A consortium of central banks from Asia, the Middle East and Africa has taken a first step towards developing a cross-border market in Islamic financial instruments by issuing a $490 million sukuk. ...
People’s Insurance of China Profit Rises 53%
People's Insurance Company (Group) of China Ltd., parent of the nation's biggest non-life insurer, said profit rose 53 percent in the first half as investment and premiums income expanded. Net income ...