Industry News
Meditation Good for Business Executives, Not Just Monks: Third Point’s Loeb
Daniel Loeb, the billionaire founder of activist hedge-fund firm Third Point LLC, said spirituality is good for business. "Meditation, contemplation -- it's not just for monks and hermits," Loeb, 52, ...
AIG Loses Bid to Delay BofA $8.5 Billion Mortgage Settlement
Bank of America Corp.'s $8.5 billion settlement with mortgage-bond investors won't be delayed after American International Group Inc. and other objectors asked for a hearing to address loan ...
Trust in Buffet Trumps Disclosure in Berkshire’s Annual Reports
For years, chemical maker Lubrizol filed annual reports with securities regulators that ran 80 pages or more, detailing everything from its inventory to pension obligations. Today, investors would ...
Brosnan Appointed CEO of Hardy
Hardy (Underwriting Agencies) Limited (Hardy) announced the appointment of David Brosnan as its chief executive on Wednesday. He replaces Barbara Merry as chief executive. Brosnan has also been ...
British Insurers Vow Quick Response for Flood Victims
British insurance companies told a meeting with government ministers yesterday they are prepared to act quickly to help victims of record floods that have so far caused an estimated 600 million ...
China Relaxes Investment Rules for Insurance Companies
China's insurance regulator loosened curbs on insurers' investments, scrapping ceilings on fixed- income holdings and simplifying rules to help the industry bolster returns. The China Insurance ...Swiss Re Expected to Trim Total Investor Payout After Acquisitions
Swiss Re Ltd., the world's second- biggest reinsurer, will probably trim its total 2013 payout to shareholders by about 3.6 percent after making acquisitions in emerging markets. It will cut its ...
Woodall, FSOC’s Insurance Expert, Approved as International Regulatory Observer
Roy Woodall, the insurance sector voting member of the Financial Stability Oversight Council, will finally be getting involved in the International Association of Insurance Supervisors (IAIS) but as ...