International
British Floods Hit Aviva, RSA, Direct Line
Aviva Plc, RSA Insurance Group Plc, and Direct Line Group Plc are poised to bear the brunt of losses from flooding in Britain that is estimated to cost the industry as much as 1 billion pounds ($1.7 ...
What Might Happen If El Nino Returns
Global cocoa prices have rallied to 2-1/2-year highs on worries El Nino could return in 2014, while other agricultural commodity markets could also be hit by the spectre of the weather anomaly. El ...
Greenberg’s Post-AIG Conglomerate: a Mini Berkshire Hathaway?
Since his ouster from American International Group Inc. in 2005, Maurice "Hank" Greenberg has been quietly building an insurance and investment conglomerate that people close to him describe as a ...
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, ...
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 ...