International
After El Niño Fades, the 2015 Hurricane Season Could Be Quite Different
The 2014 Atlantic hurricane season is over, and in terms of severity, it was officially a dud. In parts of the Pacific, however, cyclone formation was robust, hitting Hawaii, Japan and India. But ...
Fairfax Financial Grows Asia Insurance Presence With Malaysian Acquisition
Fairfax Financial Holdings said it will acquire the general insurance business from a Malaysian company as part of a broader expansion in Asia. Fairfax plans to use its subsidiary The Pacific ...
CEO in Crisis: Takata’s Leader Lacks Sense of Emergency in Air Bag Recall, Associates Say
Shigehisa Takada, the third-generation head of Takata Corp., shows little sense of the crisis engulfing the Japanese air bag maker at the center of one of the auto industry's biggest safety recalls, ...
TRIA or Not, XL Group Is Betting on Its Own Standalone Terrorism Insurance Policy
XL Group has come up with a standalone terrorism insurance policy meant to cover gaps in the Terrorism Risk Insurance Act, or TRIA, whether or not the federal reinsurance law is renewed. The new ...
Cyber Thiefs are Stealing Corporate Secrets to Game the Stock Market
Security researchers say they have uncovered a cyber espionage ring focused on stealing corporate secrets for the purpose of gaming the stock market, in an operation that has compromised sensitive ...
Persistent Low Interest Rates Would Push One-Quarter of EU Insurers Below Solvency Ratios
One in four European insurers may struggle to meet promises to policyholders in a prolonged period of low interest rates, the European Union's insurance watchdog said following a stress test of the ...
London’s ‘One Re’ Plans Expansion Into 38 African Countries by 2015
One Re Ltd., the first reinsurer approved under Britain's "twin peaks" system of financial regulation, said it's seeking clients across 38 African countries in the next year as growth outpaces ...
Arch Agrees to Take Full Ownership of Gulf Re
Arch Capital Group Ltd. agreed to take complete ownership of Gulf Reinsurance Ltd. after losses on a venture that was backed by oil-producing nations. Arch will also take on liabilities from ...