Markets
MetLife CEO Frustrated with Regulatory Uncertainty On Capital Rules
MetLife Inc. Chief Executive Officer Steve Kandarian has seen regulation hinder his company's capital plans since he took over the top job at the largest U.S. life insurer in 2011. The Federal ...Axis Capital Names Gressier Chief Operating Officer; Reding Retires
Axis Capital Holdings Ltd., the Bermuda-based insurer and reinsurer, promoted John "Jack" Gressier to chief operating officer, replacing Dennis Reding, who's retiring from the post at 65. Gressier, ...
Florida Seeking Private Insurer Fix for Flood Insurance Problem
The Florida Legislature is moving forward on a plan to entice private insurance companies to sell flood policies in the state that's the most vulnerable to storm surge. It's not clear, though, that ...
BlackRock Warns Over ‘Major Risks’ of Scottish Independence
BlackRock Inc., the world's largest money manager, warned that Scottish independence would bring about "major uncertainties, costs and risks" in Britain, becoming the latest company to join the ...
Canadian Pension Board Acquires Wilton Re for $1.8 Billion
The Canada Pension Plan Investment Board (CPPIB) said on Friday it agreed to buy U.S. life insurance and reinsurance provider Wilton Re Holdings Ltd for $1.8 billion from a group of private equity ...
1 in 10 Small Businesses Had Employees Working Under the Influence in 2013
One in 10 small businesses had employees show up for work last year while under the influence of at least one controlled substance, according to a new study by Employers Holdings Inc. Small-business ...
Brazil Declaring No-Fly Zone Over World Cup Stadiums Amid Terror Concerns
The Brazilian Air Force will declare no-fly zones over World Cup stadiums to prevent terrorist attacks during this year's soccer tournament, but there's a catch: It can't shoot down intruders, for ...
Water Supplies Strained by Rising Energy Demand: UN
Rising demand for energy, from biofuels to shale gas, is a threat to freshwater supplies that are already under strain from climate change, the United Nations said in a report on Friday. It urged ...