Markets
Hartford Bailout Warrants Double in 3 Years Since Auction, Aiding Paulson, Berkowitz
Hartford Financial Services Group Inc. warrants climbed to twice the price they sold for in a U.S. Treasury Department auction three years ago, benefiting investors such as Bruce Berkowitz and John ...
Easing of Iranian Oil Ship Insurance Sanctions Likely Months Away
A pledge by world powers to ease ship insurance sanctions on some Iranian oil exports is likely to take months to come into effect due to complex law and regulation and to insurers' unease over ...
Five Insurers Bid for Citigroup Distribution Deal in Asia
Five insurers including MetLife Inc. and AIA Group Ltd. have submitted final bids to have their products distributed by Citigroup in Asia, a deal estimated to generate more than $10 billion in ...
Weak 2013 Atlantic Hurricane Season Draws to Close
The 2013 Atlantic hurricane season has delivered the fewest hurricanes since 1982, U.S. forecasters said Monday, despite their predictions in May that it would be a busier than normal year. ...
Bryant’s Reinsurance Fortune Helps Power Alabama’s Football Dominance
The University of Alabama opened a new football-training center last February. Any professional team would be happy to have it. The amenities include a $9 million weight room, a hydrotherapy pool ...
A.M. Best Urges Reinsurers to Innovate, Close Disaster Coverage Gaps as Capital Markets ‘Get Comfortable’
Characterizing the threat of third-party capital as an "adrenaline shot to the heart" of U.S. and Bermuda reinsurers, A.M. Best urges the reinsurers to innovate beyond simply managing capital of ...
U.S. Farm Sector Bracing to ‘Sober Up’ from Boom in 2014
After more than six years of unprecedented boom in the U.S. farm economy driven by a government-backed drive for biofuels, record low interest rates and rising food exports, American grain farmers ...
UN Envoys Endorse First Steps Toward Next Pact on Global Warming
Diplomats from almost 190 nations endorsed a set of measures on global warming, laying the groundwork for a treaty to be adopted in 2015 that would limit pollution by all nations for the first time. ...