International
Liberty Mutual Buying Rest of Quinn Insurance in Ireland
Liberty Mutual Group Inc. said it will buy the 49 percent stake in the former Quinn Insurance Ltd. in Ireland that it doesn't already own from failed lender Irish Bank Resolution Corp. The company ...
Total Catastrophe Losses in 2013 at $130B, Insured Losses at $44B: Swiss Re
Swiss Re AG, the second-largest reinsurer worldwide, said natural and man-made catastrophes in 2013 caused $130 billion in economic losses tied to floods, hailstorms and other events. Insured losses ...
Sompo Japan Expanding Overseas with Acquisition of Canopius for $963M
Sompo Japan Insurance Inc., a unit of Japan's third-largest casualty insurer group by market value, will buy Canopius Group Ltd. of the U.K. for 99.2 billion yen ($963 million) as it expands beyond ...
Zurich Insurance Policy Lowers Banks’ Operational Risk Capital Needs
Zurich Insurance Group AG, Switzerland's biggest insurer, plans to offer banks a way to lower the amount of capital they need to hold for operational risks such as employee misconduct as regulators ...
AmTrust Refutes Negative Report on Accounting, Says Future ‘Never Been Brighter’
AmTrust Financial Services Inc. (AFSI), a New York-headquartered insurer whose stock price fell last week in wake of a negative report from research firm GeoInvesting, is assuring investors its ...
S&P Cuts RSA Insurance Credit Rating Citing ‘Weakening’ Management
RSA Insurance Group Plc may be set for more downgrades, threatening its ability to retain commercial clients, after Standard & Poor's cut its credit rating to the lowest in more than a decade. ...
Make Sure That Classic Car Isn’t a Fake
In the 1930s, British sports-car maker MG made exactly 33 of the K3 open-top race car. If you want to buy one now, there are more than 100 to choose from. No, the defunct carmaker didn't restart ...
Reinsurance Pricing Dropping Faster than Expected: Nomura
In a research note published late last week, analysts at Nomura Equity Research reported that prices for Jan. 1 reinsurance renewals are falling faster than expected, with some U.S. property ...