International
RSA Insurance Fires Execs After Probe Shows Inaccurate Reporting
RSA Insurance Group Plc fired two executives in Ireland after a PricewaterhouseCoopers LLP probe found that inappropriate collaboration by managers at the division resulted in inaccurate financial ...
China Requiring New Disclosures by Systemically Important Banks
China's bank regulator will require the country's largest lenders to disclose their off-balance-sheet exposures and other indicators in a move to implement global rules designed to strengthen ...
Fairfax to Buy $250M More BlackBerry Debentures; Markel Also a Backer
Fairfax Financial Holdings Ltd will buy another $250 million worth of BlackBerry Ltd's convertible debentures, the companies said Wednesday, providing the struggling smartphone maker with much-needed ...
Economic Losses from Europe’s December Windstorms Put at $2.25B
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, said that Windstorms Xaver and Dirk could combine to cause more than $2.25 billion in economic damages ...RMS Conducts Risk Analysis for QBE’s $250M VenTerra Re Ltd. Cat Bond
Catastrophe modeler RMS announced Tuesday that the company conducted the risk analysis for a new catastrophe bond issued by VenTerra Re Ltd, a special purpose vehicle for investors. The bond, ...
Zurich Insurance Names AIG’s Dickie Chief Operations Officer
Zurich Insurance Group AG, the biggest Swiss insurer, appointed Robert Dickie as chief operations and technology officer, filling the last open position after a string of executive departures. ...
Goodyear Execs Released After ‘Boss-Napping’
French trade unionists released two executives on Tuesday after holding them for more than 24 hours at the country's Goodyear tire plant to demand higher payouts for more than a thousand planned ...
European Winter Storm Season Most Severe Since 1990: RMS
The 2013-2014 winter storm season has seen the most severe sequence of storms since 1990, says Robert Muir-Wood, chief research officer at RMS. The storm systems are the result of a strong jet stream ...