International
Travelers Insurance Sues London Firm Over Umbrella-Like Logo
The Travelers Companies recently sued London, U.K.-headquartered financial services and insurance company Legal & General Group PLC (L&G Group) and its affiliates over the British company's ...
World Trade Organization Nears Historic Agreement
The first global trade reform since the creation of the World Trade Organization is ready for agreement by ministers from the body's 159 member countries later on Friday, sources involved in the ...
Regulators Look to Coax Insurers, Other Investors Back Into Asset-Backed Bond Market
Global regulators are seeking to coax institutional investors, from insurers to pension funds, back into the market for asset-backed bonds to boost non-bank funding for businesses. "The focus of ...
Study Reveals Cause of 2011 Tsunami; Other Areas at Risk
The devastating tsunami that struck Japan's Tohoku region in March 2011 was touched off by a submarine earthquake far more massive than anything geologists had expected in that zone. A team of ...Aon Benfield Ex-Executive Chilton Joins Gallagher to Start Reinsurance Brokerage
Grahame Chilton, who helped build Benfield Group Ltd. before selling it to Aon Plc in 2008, formed a partnership with Arthur J. Gallagher & Co. to start a reinsurance brokerage. The new business, ...
Investor Demand for Political Risk Insurance Remains High
Investors' demand for insurance against political risk is on track to match last year's record as instability persists in the Middle East and disputes in Latin America erode confidence, the World ...
Hard Market Will Come; Question Is When, Swiss Re Says
In its latest sigma report forecasting profits and premium growth for insurers over the next two years, Swiss Re says the eventuality of a hard market is a given—it's just a matter of when. ...
British Insurers to Invest $41B in Infrastructure
The U.K.'s largest insurance companies will invest 25 billion pounds ($41 billion) in infrastructure, the government announced as it prepares to publish new plans for projects from energy and ...