Industry News
Momentum Building for Letting Japan Join Trans-Pacific Trade Talks
Eleven countries negotiating a proposed free trade agreement in the Asia-Pacific appear to be on the verge of formally inviting Japan into the talks, diplomatic and industry sources said on Thursday. ...
U.S., UK Favor Including Financial Services in EU Trade Pact
The United States and the UK aim to include financial services in a proposed free-trade agreement between Washington and the 27-nation European Union, the British ambassador to the United States said ...
Harvard Economists Acknowledge Errors in Austerity Research Paper
Two eminent Harvard economists on Wednesday acknowledged errors in a study that has been cited by policymakers around the world as justification for government austerity campaigns, but said the ...S&P Facing Second Class Action by Australian Investors
Scores of Australian investors have filed a second class-action lawsuit against Standard & Poor's (S&P), claiming the ratings agency misled them by giving its highest rating to derivatives ...China to Require More Detail on Bank Loans to Financial Institutions
The China Banking Regulatory Commission (CBRC) will require banks to provide more detailed reports on loans provided to other financial institutions through the interbank market, two people close to ...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 ...
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 ...