Markets
IMF Issues Stern Advice for World’s Major Economies
The International Monetary Fund had stern advice for the euro zone and other major economies on Tuesday in its periodic update on the health of the world economy. The following are the highlights ...Moody’s Affirms China Rating, Lowers Outlook After Fitch Downgrade
Moody's Investors Service on Tuesday affirmed China's government's bond rating of Aa3 but cut the outlook to stable from positive, the second pessimistic revision by a foreign ratings agency this ...
Influential Economic Study On Austerity May Be Flawed; Spreadsheet Coding Errors Blamed
One of the key intellectual touchstones in the move towards government austerity efforts around the world may have been incorrect in its conclusions due in part to spreadsheet coding errors, ...PartnerRe Restructuring Global Non-Life Ops
PartnerRe Ltd. announced that it will split its Global Non-Life Operations into two separate units—one dedicated to mature markets and the other to high-growth markets. Both teams will report ...
Thatcher’s Legacy: Citadel of Finance Atop Once-Derelict London Docks
Where a maze of derelict warehouses and old cranes once testified to Britain's decline, glass skyscrapers teeming with traders now dominate London's docks, a metaphor - for good and ill - for ...
Recent Earthquakes Largely Uninsured: Guy Carpenter
Guy Carpenter has compiled information on six recent large earthquakes revealing that for three of the six, insurance covered less than one-quarter of the economic cost. The conclusion is supported ...Aspen Re Appoints Tobben To Head New Capital Markets Division
Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Limited announced the formation of a new division, Aspen Capital Markets, along with the appointment of Brian Tobben as managing ...ACE Establishes Special Purpose Vehicle, Altair Re
ACE Limited announced Monday that it has established a $95 million special purpose vehicle, Altair Re, to provide additional collateralized capacity for its global reinsurance business. The capital ...