International
AIG Plans Islamic Reinsurance (Retakaful) Venture in Malaysia
American International Group Inc. is plotting its entry into Malaysia's Islamic insurance market, lured by the country's economic expansion and an industry that has grown more than fivefold in less ...Pine River Hedge Fund Raising $750 Million to Start Bermuda Reinsurer
Pine River Capital Management LP, the $14.3 billion hedge-fund firm founded by Brian Taylor, is raising capital for a reinsurance company in the latest push by a money manager into the industry. The ...
OECD Wants Broker, Insurer Data Included in Tax Evasion Crackdown
Accounts at brokers and insurers need to be included along with banks in a plan designed to share data among governments to crack down on tax evasion, the Organization for Economic Cooperation and ...
U.S. Offers Outline of 2015 Global Climate Pact to United Nations
The United States on Wednesday submitted to the United Nations its vision for a new international climate agreement that is "built to last," outlining what it thinks should be the main elements of a ...
Lloyd’s Neighbor, Walkie Talkie, Seeks Shade from Car-Melting Beam
The owners of the 37-story skyscraper in the City of London financial district known as the Walkie Talkie are seeking permission to mount sun-shading gear to block a car-melting light beam cast by ...
Regulatory Compliance at Top of Financial Executives’ Worry List
Financial industry executives are almost as concerned about the growing demands of regulatory compliance as they are with market volatility, according to today's survey of 400 financial companies by ...
U.K. Floods Could Cost Insurers $822M: Deloitte
Floods and storms pounding the U.K. may cost the insurance industry at least 500 million pounds ($822 million), a figure that may double if the weather conditions persist, according to a partner at ...
Towers Watson Releases UBI Auto Insurance Model
Towers Watson has launched DriveAbility 2.0 Score, an analytical scoring model designed for the automobile insurance industry. DriveAbility 2.0 Score includes a GPS version with location-specific ...