Markets
EU Weighs Allowing Damage Suits Over Price Fixing
The European Union proposed rules for a uniform system allowing consumers to sue over price-fixing in a plan that stops short of forcing nations to allow group lawsuits. Proposals on ...
When Bailouts Make Moral and Economic Sense: Friedman & McNeill
Effective or not, bailouts somehow seem unjust. Why use taxpayer money to save the companies that actually caused the meltdown, the banks that made the reckless loans, and insurance companies that ...
Is P/C Industry Overcapitalized? Maybe Not, Carrier CEO Says
The chairman and CEO of a specialty property/casualty insurance carrier called into question the notion that the industry is overcapitalized on last week, pointing to the changing nature of volatile ...
Central European Flooding Is Credit Negative For P/C Insurers
Heavy rains in Central Europe that caused recent river flooding should produce total property insurance losses lower than an earlier severe flood event in 2002, but this is still credit negative for ...S&P’s ‘AA+’ Rating On U.S. Now Stable As Downside Risks Abate
Standard & Poor's revised the outlook on its "AA+" credit rating for the United States to stable from negative, noting that some downside risks have abated. The risks have receded to the point ...
Travelers to Acquire Dominion of Canada General for $1.1B
The Travelers Companies Inc. (NYSE: TRV) has agreed to acquire The Dominion of Canada General Insurance Co. from E-L Financial Corp. Limited (TSX: ELF) for approximately $1.1 billion in cash, subject ...Tokio Solution Management, GC Securities Create Private Cat Bond Platform For Smaller Capacity Buyers
Tokio Solution Management Ltd. and GC Securities, a division of MMC Securities Corp., have created a private catastrophe bond platform to meet the needs of an underserved segment of reinsurance ...