Markets
5 New Cat Bonds in Q1 Total $1.6B: Willis
The first quarter of 2013 saw $1.6 billion of new issuance in non-life capacity marketed through five catastrophe bond transactions, including three transactions marketed in the first quarter and ...
Fed Officials Dampen Talk of Imminent Cut in Bond Buying
Two senior Federal Reserve officials on Tuesday played down the chances that the U.S. central bank would signal a readiness to reduce its bond buying at its meeting next month, dampening speculation ...
AIG to Invest $92.5M in China P/C Insurer
American International Group Inc. (AIG), which sold much of its stake in the Asian insurer AIA Group several years ago to help pay back the federal government for its bailout, is moving to reinvest ...
China Offers India a ‘Handshake Across the Himalayas’ to Ease Border Tension
India and China will study new ways to ease tensions on their ill-defined border after an army standoff in the Himalayas, Chinese Premier Li Keqiang said on Monday on his first official foreign trip. ...Karen Clark & Co.’s New Tool Creates Realistic Hurricane Footprints, Tailored Loss Estimates
Just in time for the 2013 hurricane season, Karen Clark & Co. (KCC), a catastrophe risk and modeling firm, has released a scientific tool for creating hurricane tracks and wind speeds. Named ...
Key European Union Law On ‘Too Big to Fail’ Up for Vote
A European Union law up for a vote on Monday will only fully shield taxpayers from bailing out troubled banks if there is a global framework as well, a top UK regulator said on Monday. Bank of ...
Florida Catastrophe Fund Stronger As Storm Season Nears
Florida is heading into a new storm season with some good news for once. The state-created fund that backs up private insurers in Florida is in the best financial shape it has been in years — maybe ...
CFOs Express Growing Confidence in U.S. Economy
During the past year, chief financial officers (CFOs) have grown significantly more confident in the U.S. economy. The 2013 Spring CFO Survey from Grant Thornton LLP reveals that 45 percent of ...