Industry News
Third Point Re Investors Betting on Loeb, Smart Underwriting
Investors in Third Point Reinsurance Ltd.'s initial public offering are betting on billionaire hedge fund manager Daniel Loeb. They're also taking on risk from an unprofitable underwriting operation. ...
Next Week Could Be Key for Atlantic Hurricane Season
The Atlantic hurricane season is about to enter its most active phase as conditions for the powerful storms improve across the basin. Wind shear that can tear budding storms apart has been ...
U.S. Regulator Wants Auditors to Add Commentary, Not Analysis
Auditors know a lot about what lurks between the extremes of "pass" or "fail" - the only grades they are now permitted to assign to corporate financial statements - and the U.S. board that oversees ...
Fairfax Financial’s Watsa — Canada’s Buffett— Bets on Blackberry for Long Term
Just over a year ago, Prem Watsa said Research in Motion Ltd., now re-named BlackBerry, was a "Canadian success story," a good buy and a likely turnaround story, despite declining market share. ...
EQECAT Releases RQE Version 14
On Monday, EQECAT announced the release of version 14 of its catastrophe risk modeling platform RQE (Risk Quantification & Engineering), with updates to several country/peril models in addition ...
Investors Favoring Europe, Shunning Emerging Markets
Investors have boosted their allocation to euro zone stocks to its highest in 5-1/2 years at the expense of emerging markets as confidence about the region's growth improves, a closely-watched survey ...A.M. Best Puts Tower Ratings Under Review
On Monday, A.M. Best Co. placed the "A-minus" financial strength rating of pooled and reinsured members of the Tower US Pool under review with negative implications. The Oldwick, N.J.-based rating ...
U.S. Captives Saw Losses, Expenses Rise in 2012: A.M. Best
Captive insurance companies tightened margins and used capital more efficiently in 2012, according to research by ratings firm A.M. Best Co. Among A.M. Best's captive composite, the loss and loss ...