Markets
RSA Insurance Ireland CEO Lee Resigns After Another Lower Profit Warning
RSA Insurance Group Plc Chief Executive Officer Simon Lee quit after warning for the third time in six weeks that profit will be lower as the insurer injected more capital into Ireland amid an ...
2013 Had Lowest Hurricane Count Since 1982: Willis Re
The 2013 Atlantic storm season was one of the quietest in decades, with the lowest number of hurricanes since 1982 and none of them considered major, according to insurance broker Willis Re. An ...
Health Care D&O Rates Rise Significantly in Third Quarter: Marsh
Health care organizations paid significantly more for their directors and officers liability insurance in the third quarter of 2013 amid growing concerns over antitrust issues arising from ...
Insurers Spark Business Boom for Third-Party Asset Managers
Franklin Resources Inc., the money manager that features Benjamin Franklin in its logo, is building the team managing insurers' funds as retail clients retreat from bonds at a record pace. Mark ...
Pension Funds Betting on Catastrophe Bonds; Demand Outpacing Supply
Funds specializing in insurance- linked risks such as catastrophe bonds are benefiting as the $30 trillion pension industry increases bets in a market that hasn't posted an annual loss. At Leadenhall ...
Pipeline Blast in China Exposes Urban Sprawl Risks
A Chinese oil pipeline punctured twice a week by oil thieves cleared a safety inspection just two months before a section of the line exploded and killed 62 people in November, sources at the ...
Study Forecasts Growth for Professional Liability Insurance Market Across Europe
The market for professional indemnity insurance across 10 European countries - Austria, Belgium, France, Germany, Italy, Netherlands, Poland, Spain, Switzerland and the UK - will be worth around ...
Congress Could Address ‘Fast Track’ Trade Authority in Early 2014
The Obama administration could secure "fast-track" trade promotion authority from Congress early next year, a leading lawmaker said on Tuesday, handing it the means to secure two big new trade deals. ...