Markets
Platinum Eyeing Riskier Assets to Boost Profits in Unending Soft Re Mkt: CEO
With underwriting profitability stalled, Platinum Underwriters Holdings could soon join the list of Bermuda reinsurers turning to riskier assets to boost the investment component of income, the ...
Private Market Can’t Reach TRIA Levels of Terror Cover: Govt. Report
Those who back renewing the Terrorism Risk Insurance Act, or TRIA, got shot in the arm on April 17 from federal regulators who have concluded that the private market can't provide reinsurance for ...
Aspen-Endurance Battle Escalates: Aspen Adopts Poison Pill, Endurance Reacts
The takeover battle between Aspen Insurance Holdings Ltd. and Endurance Specialty Holdings Ltd. escalated on Thursday, with Aspen's board of directors announcing a shareholder rights plan—commonly ...
SEC Unveils Blueprint for Cyber Security Exams of Wall St. Firms
U.S. securities regulators have unveiled a road map that lays out how they plan to make sure Wall Street firms are prepared to detect and prevent cyber security attacks. The nine-page document, ...
Watsa’s Fairfax Leads Eurobank Investor Group Betting on Greek Turnaround
International investors are to invest 1.3 billion euros ($1.8 billion) in Eurobank to become the bailed-out Greek bank's biggest shareholders in another sign of growing market confidence in Greece. ...
Mississippi Commissioner Files Motion to Drop Flood Insurance Suit
The Mississippi Department of Insurance will drop a lawsuit filed in 2013 against the National Flood Insurance Program. The lawsuit, filed in federal court in Jackson, sought to block flood insurance ...
RMS: Reinsurers Can Adapt to ILS Invasion Using NIKE As Inspiration
With hedge and pension funds continuing to dive into the reinsurance market through insurance-linked securities, or ILS products, Peter Nakada urges the industry to get used to it and adapt. Nakada, ...
J.D. Power, RIMS Team Up to Measure RM Satisfaction With Carriers, Brokers
J.D. Power and RIMS announced Wednesday that they have teamed up for the inaugural J.D. Power 2014 Large Business Commercial Insurance Satisfaction Study, slated to publish in November, which will ...