Markets
SNL’s Top 30 E&S Writers: Berkshire On Fire With 40% Growth in 2013
With 40 percent premium growth in 2013, Berkshire Hathaway Inc. climbed five spots in the U.S. excess and surplus lines ranking compiled by SNL Financial, while QBE scaled back its North American ...
Jury Hits Drugmakers With $9B in Punitive Damages
Takeda Pharmaceutical Co. Ltd. said it would contest $6 billion in punitive damages imposed by a U.S. federal jury in a case alleging that Japan's largest drugmaker had concealed cancer risks ...
IMF Sees Global Growth Gaining Along With Rising Risks in Emerging Economies
The International Monetary Fund (IMF) on Tuesday predicted the global recovery would strengthen this year as output in richer nations picked up, but it warned of rising risks in emerging economies. ...
EU’s New Food Labeling Regulation Could Fuel Product Liability Claims: ACE Report
ACE Group advised Tuesday that companies in the food and drink industry could face more claims from consumers as a result of new European food labeling regulations that come into force later this ...
China Could Attract More Global Firms with Relaxed Insurance M&A Rules
China's decision to partially relax mergers and acquisition rules in the insurance industry could see global insurance firms expand their footprint in the $288 billion market. Beijing would allow ...
U.S. SEC Forms Group to Probe Private Equity, Hedge Funds
The U.S. Securities and Exchange Commission (SEC) has put together a dedicated group to examine private equity and hedge funds, after the 2010 Dodd-Frank law required the funds to be regulated, ...
Hiscox Re Announces CFO, COO Appointments
Hiscox Re, the newly combined reinsurance operations of Hiscox, announced the appointments of Reeva Bakhshi as chief financial Officer and Paresh Thakrar as chief operating officer on Monday. CFO ...
RMS’ Exceedance 2014 Conference Kicks Off April 14 in D.C.
Newark, Calif.catastrophe-risk management firm RMS announced that its Exceedance 2014 event will take place next week in Washington, D.C., with keynote speakers that include the first chief ...