International
Citadel Reports Holding in Loeb’s Third Point Re After IPO
Ken Griffin's Citadel LLC and Cambiar Investors LLC are among asset managers that reported holdings in billionaire Daniel Loeb's Third Point Reinsurance Ltd. after the company's initial public ...
Insured Losses from Haiyan Could be $300M-$700M: AIR Worldwide
AIR Worldwide estimates insured losses from Super Typhoon Haiyan will range between $300 million and $ 700 million, the Boston-based catastrophe modeling firm said Sunday. AIR also said that total ...
European Insurers Relieved By Less Burdensome Solvency II
European insurers breathed a sigh of relief on Thursday that a deal on new capital requirements was less burdensome than initially feared, ending an uncertainty which has been hanging over the sector ...
Allianz Looks to Boost U.S. Presence, Improve Fireman’s Fund: Bhojwani
Allianz SE, Europe's largest insurer, said it is committed to bolstering operations in the U.S. after international rivals scaled back in the country. "It is a monster market," Gary Bhojwani, the ...
European Politicians Reach Deal on Solvency II Insurance Rules
European politicians reached an agreement paving the way for new rules designed to make insurance companies safer after 13 years of wrangling with the industry and regulators. The European ...
Cyber Attack ‘War Game’ Tests London Banks
A cyber attack by a foreign government on financial markets played out in one of London's historic halls on Tuesday in a "war game" simulation designed to test the city's defenses against online ...
EU Close to Deal on Long-Delayed Insurance Capital Rules
The European Union is close to agreeing on new rules that will force insurers to hold enough capital to keep policyholders safe, after years of delay. Lawmakers from the European Parliament and ...
Thus Far, 2013 Is Seventh Hottest Year, More Warming Expected: WMO
This year is the seventh warmest since records began in 1850 with a trend to weather extremes and the impact of storms such as Typhoon Haiyan in the Philippines aggravated by rising sea levels, the ...