Specialty
Tower Group Hires Greenhill to Advise on Debt Repayment If Merger Deal Fails
Tower Group International Ltd., the insurer that agreed to be bought by ACP Re Ltd. amid a stock plunge, hired Greenhill & Co. to provide advice on repaying debt if the takeover collapses. Tower ...
McMahon, Other Ex-Players Allege NFL ‘Culture of Drug Abuse’ in Injury Suit
Retired players including ex-Chicago Bears quarterback Jim McMahon accused the National Football League of using painkillers to mask injuries in a "culture of drug misuse," expanding litigation over ...
Marsh: Softening Signs Seen in U.S. Umbrella/Excess Liability Rates
Average umbrella and excess liability rates in the U.S. climbed 3.1 percent higher in the 2014 first quarter. Marsh Global Analytics claims that's a sign of market softening, however, because it's ...
Safety Agency Probing Fracking Risks After Oilfield Workers Die
The Obama administration is investigating the health risks of hydraulic fracturing after at least four deaths among oilfield workers since 2010 in North Dakota and Montana. The National Institute for ...
Why Credit Suisse Got a Bigger Penalty than UBS: Lack of Cooperation Tied to Swiss Laws
U.S. prosecutors first raised the specter of a criminal plea by Credit Suisse Group AG more than two years after starting an investigation into whether the Swiss bank had helped wealthy Americans ...
If Cars Drive Themselves, How Will Actuaries Make Sense of Data to Price the Risks?
Scientists and engineers predict the day is near when cars drive themselves, but that doesn't mean that traveling on the highway will be entirely carefree. There will be accidents, and someone will ...
FINRA Probing Abusive Trades Based on Mathematical Algorithms
Wall Street's self-regulator is cracking down on abusive trades made on the basis of mathematical algorithms and currently has some 170 ongoing investigations into the subject, its chief said on ...
Aspen, Still in Endurance’s Sights, Touts Growth and Investor Value
Aspen Insurance Holdings continues as Endurance Specialty Holdings' hotly coveted takeover target. In the meantime, the Bermuda reinsurance and insurance player made its case to investors that it is ...