Markets
Aon Benfield Ex-Executive Chilton Joins Gallagher to Start Reinsurance Brokerage
Grahame Chilton, who helped build Benfield Group Ltd. before selling it to Aon Plc in 2008, formed a partnership with Arthur J. Gallagher & Co. to start a reinsurance brokerage. The new business, ...
Investor Demand for Political Risk Insurance Remains High
Investors' demand for insurance against political risk is on track to match last year's record as instability persists in the Middle East and disputes in Latin America erode confidence, the World ...
‘New Wealth’ Shows High Interest in High-Priced Art
Art Basel Miami Beach, the largest U.S. art fair, will offer more than $3 billion of mostly postwar and contemporary works when it opens to a select group of collectors today, a 20 percent increase ...
Hard Market Will Come; Question Is When, Swiss Re Says
In its latest sigma report forecasting profits and premium growth for insurers over the next two years, Swiss Re says the eventuality of a hard market is a given—it's just a matter of when. ...
Fitch Predicts Double-Digit Cuts in January U.S. Cat Re Prices
The quietest U.S. Atlantic hurricane season in decades will lead to a low double-digit fall in related catastrophe reinsurance pricing in the key 2014 renewals, Fitch Ratings says. Noting that the ...
EU Commission Fines Banks $2.3B for Benchmark Rigging
EU antitrust regulators fined six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup a record total of 1.71 billion euros ($2.3 billion) on Wednesday for rigging ...
That ’70s Show: Obamacare Takes Federal Black Lung Claims Back in Time
Tucked into amendments to the Patient Protection and Affordable Care Act (PPACA) are two unexpected provisions that put casualty insurance carriers on the hook to pay Black Lung benefits on claims ...
Zurich Insurance Seeks to Boost Investor Confidence, May Lower Target
Zurich Insurance Group AG Chief Executive Officer Martin Senn will probably reduce a profitability target after Switzerland's biggest insurer said it may struggle to meet some goals set in 2010. ...