Markets
Regulators Shining Spotlight on ‘Dark Pools’
Regulators are moving to shine a light on "dark pools", opaque and quasi-anonymous trading venues. New York's attorney general has filed a lawsuit against British bank Barclays relating to its dark ...
Federal Appeals Court Blocks Darvon, Darvocet Painkiller Lawsuits
A federal appeals court on Friday upheld the dismissal of nearly all claims in 68 cases seeking to hold drug makers liable for injuries from the use of the prescription painkillers Darvon and ...
Endurance M&A Bid Pushes On as Aspen Ups the Opposition
The hostile-takeover battle between Bermuda reinsurance rivals Endurance Specialty Holdings Ltd. and Aspen Insurance Holdings Ltd. continued unabated this week with no end in sight. Endurance ...
Willis Re Sees More Rate Softening With June and July Renewals
Willis Re took a close look at June 1 and July 1, 2014 global reinsurance renewal rates and once again found them mostly wanting from the reinsurance industry perspective. Meanwhile, cat bonds ...
Pension Funds Tread into Danger Zone with Risk Taking: Economist
Pension funds and other long-term investors are taking ever bigger risks and could be laying the ground for renewed turmoil when money gets more expensive, one of the world's leading economists told ...
Xuber: London’s Insurance Market Needs Collective Use of Big Data
The London insurance market is arguably among the most important in the world. A new report from insurance software developer Xuber argues that position is in jeopardy because its major players don't ...
Risk Remains After California’s La Habra Earthquake, Report Concludes
Southern Californians were lucky that a magnitude-5.1 earthquake that hit in March just 20 miles east of Los Angeles caused minor damage. A far worse event in the region is inevitable, however, and ...
Sept. 11 Victims Lose Right in U.S. to Sue Firms With Alleged Al-Qaeda Ties
The U.S. Supreme Court turned away an appeal by thousands of Sept. 11 attack victims who sought to sue Middle Eastern companies and people for allegedly providing crucial support to al-Qaeda. The ...