Global Economy
When Bailouts Make Moral and Economic Sense: Friedman & McNeill
Effective or not, bailouts somehow seem unjust. Why use taxpayer money to save the companies that actually caused the meltdown, the banks that made the reckless loans, and insurance companies that ...S&P’s ‘AA+’ Rating On U.S. Now Stable As Downside Risks Abate
Standard & Poor's revised the outlook on its "AA+" credit rating for the United States to stable from negative, noting that some downside risks have abated. The risks have receded to the point ...
Travelers to Acquire Dominion of Canada General for $1.1B
The Travelers Companies Inc. (NYSE: TRV) has agreed to acquire The Dominion of Canada General Insurance Co. from E-L Financial Corp. Limited (TSX: ELF) for approximately $1.1 billion in cash, subject ...
May’s Weather Caused Billions in Losses in U.S., Around the Globe: Aon Benfield
Severe weather in May caused an estimated $4 billion in insured damage, and almost twice that in economic losses, in the U.S. alone and billions more in economic losses around the globe, according to ...
Financial Firms’ Living Wills Risk Clash of Nations Over Assets, Warns AIG’s Benmosche
American International Group Inc. Chief Executive Officer Robert Benmosche said that living wills, designed to help unwind struggling financial firms, may lead to international disputes. Comparing ...Turkey and South Africa: A Tale Of Two Emerging Markets
Messy politics, economic slowdown and a balance of payments deficit: four days of violent anti-government protests across Turkey are reminding investors of another emerging market—South Africa. ...
In Spite Of Risks, Turkey Attracts Carriers
With a skilled workforce, dynamic private sector, growing middle class, nascent democratic government, and strategic geographic position, Turkey represents a tantalizing opportunity for ...Facultative Reinsurance Spending Down: Faber Global
Several large UK cedants are reducing their spending on facultative reinsurance, according to the view taken by Vanessa Macdonald-Smith, team leader at facultative reinsurance broker, Faber Global, a ...