International
October Typhoon Activity in Asia Fast Reaching Record Status: RMS
October 2013 has been remarkably active for typhoons in the West Pacific. Halfway through the month the region has already seen the formation of six tropical storms—four of which have reached ...
Allianz CEO: Expanding Pimco Equity Tougher Than Expected
Michael Diekmann, whose Allianz SE owns Bill Gross's Pacific Investment Management Co., said a plan by the bond-fund manager to expand into equities is proving harder than expected. Pimco's stock ...
AXA Sells $474 Million of Catastrophe Bonds
AXA SA said it sold catastrophe bonds designed to protect insurers from payouts on storm damage, in the biggest transaction of the notes in euros. Europe's second-largest insurer by market value ...
Allianz CEO: Capital Rules Fuel Artificial Pricing of Bond Risk
Michael Diekmann, chief executive officer of Allianz SE, Europe's biggest insurer, said capital rules that encourage financial companies to invest in sovereign bonds are thwarting a solution to the ...
Swiss Re Buys Stake in Li’s FWD in $425 Million Asia Push
Swiss Re Ltd., the world's second- biggest reinsurer, will invest as much as $425 million in Richard Li's FWD Group as it pushes for growth in Asia. The company will buy 12.3 percent of FWD from ...
Icebergs, Insurance Hamper Top of the World Shipping Route
The new shipping route opened up through the Arctic by climate change will not be crowded any time soon. Cargoes of coal, diesel and gas have made the trip but high insurance costs, slow going and ...
‘Once in Decade’ Typhoon Threatens Tokyo
A once-in-a-decade typhoon threatened Japan on Tuesday forcing the cancellation of flights and trains and disrupting oil shipments as it made its way across the Pacific directly towards the capital, ...
Zurich Insurance Readying Report on CFO Wauthier’s Suicide
Zurich Insurance Group AG will present the outcome of an internal investigation over the suicide of Chief Financial Officer Pierre Wauthier at the end of this month, said a person familiar with the ...