Markets
Next Week Could Be Key for Atlantic Hurricane Season
The Atlantic hurricane season is about to enter its most active phase as conditions for the powerful storms improve across the basin. Wind shear that can tear budding storms apart has been ...
Fairfax Financial’s Watsa — Canada’s Buffett— Bets on Blackberry for Long Term
Just over a year ago, Prem Watsa said Research in Motion Ltd., now re-named BlackBerry, was a "Canadian success story," a good buy and a likely turnaround story, despite declining market share. ...
Investors Favoring Europe, Shunning Emerging Markets
Investors have boosted their allocation to euro zone stocks to its highest in 5-1/2 years at the expense of emerging markets as confidence about the region's growth improves, a closely-watched survey ...
Hedging Systemic Risk in Casualty Reserves with Insurance-Linked Securities
Insurance-linked securities are often used to hedge an insurer's exposure to catastrophic property losses, but the casualty insurance market is just beginning to recognize the potential of ILS ...
Dear Florida CFO: Why Lower Reinsurance Costs Do Not Lower Homeowner Premiums
Florida's insurance regulator, answering the state's CFO who wanted to know why lower reinsurance costs have not translated into reduced homeowners rates, said insurers have significant leeway in how ...
G20’s Regulator Extends Systemically Important Bank Rule to Biggest Insurers
The Financial Stability Board said an extended version of its guidance on the resolution of systemically important banks will apply to non-bank financial institutions, such as Allianz SE, AIG and ...
Tower Group, Meadowbrook Filing Delays Prompt Shareholder Investigations
After two property/casualty insurers—Tower Group International Ltd. and Meadowbrook Insurance Group—said they would delay scheduled Securities and Exchange (SEC) filings last week, law firms set ...
Hiscox USA CEO Sees Revenue Growth From Building Brand And Workforce
When Ben Walter took the helm of Hiscox USA last year, he didn't have decades of underwriting experience on his résumé, nor did he have the intention of recruiting teams of specialty underwriters ...