International
Congress Could Address ‘Fast Track’ Trade Authority in Early 2014
The Obama administration could secure "fast-track" trade promotion authority from Congress early next year, a leading lawmaker said on Tuesday, handing it the means to secure two big new trade deals. ...Northern Europe Cleans Up After Extratropical Cyclone Xaver: AIR
Extratropical Cyclone Xaver last week caused power and communications disruptions that affected 500,000 households throughout northern Europe, according to catastrophe modeling firm AIR Worldwide. ...
Richard Ward to Chair Brit Insurance Holdings
Brit Insurance Holdings BV announced the appointment of Dr. Richard Ward as Chairman of the Company and of Brit Syndicates Limited. Subject to regulatory approval, Ward will assume the position on ...
Duperreault Partnering with Hedge Fund to Buy Cohen’s S.A.C. Re, Ltd
Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012 after the hedge fund firm reached a $1.8 billion deal to end a criminal ...
Tornado Economic Cost Tops $1B from Rare November Storms, Aon Says
Tornadoes and thunderstorms that swept across the U.S. Midwest last month will probably cost more than $1 billion in economic losses, led by damage in Illinois and Indiana, according to insurance ...
Hamburg Has Worst Flood in 37 Years as Storm Moves Eastward
Hamburg, Germany's biggest port, recorded its heaviest storm surge in 37 years as the low- pressure weather system Xaver swept through northern Germany, paralyzing air, rail and ship traffic. The ...
QBE Sees $250 Million Net Loss in 2013 on North America Business
QBE Insurance Group Ltd., Australia's largest insurer by market value, forecast an unexpected net loss of about $250 million for 2013 due to write downs at its North American operations. The forecast ...
Investment into Emerging Markets to Fall in 2014: World Bank
Foreign direct investment into emerging markets should decline next year because of persistent concerns about the global economy, the World Bank's political risk insurance arm said on Thursday. For ...