International
Lloyd’s Profit Dips Due to Investment Slump
The Lloyd's of London insurance market posted a decline in headline first-half profit after falling bond prices hit investment returns, offsetting robust trading by its members. In a trading ...
Regulators Eye Global Guidelines for Financial Crimes and Punishment
Crooked bankers and insider traders would have no safe havens under planned global guidelines for market-abuse penalties, amid concerns some countries don't have strict enough rules. Culprits should ...
TigerRisk Names Bartell to Head Its UK Retro Desk
TigerRisk Partners, the reinsurance broking and risk/capital management firm, today announced that Martin Bartell has been named head of its UK-based retrocessional and specialty reinsurance ...
Alberta Floods Are Costliest Insured Natural Disaster in Canadian History
Estimated insured property damage caused by last June's southern Alberta floods now exceeds $1.7 billion—making it the costliest natural disaster in Canadian history, according to Insurance Bureau ...
Goldman, Regulator See Demand for Canada’s Insurers to Sell Cat Bonds
Canada's banking regulator is urging insurers to sell catastrophe bonds for the first time to cut the risk of natural disasters such as the record floods that inundated swathes of downtown Calgary in ...
Brookfield, AIG End Lawsuit Tied to 2008 Collapse
American International Group Inc. and Brookfield Asset Management Inc. agreed to end a 2009 lawsuit in which Brookfield sought a judge's ruling that the insurer's collapse triggered default ...
Swiss Re to Pay $240M for German Hailstorms
Hailstorms in northern and southern Germany in July will generate a claims burden of approximately $240 million for Swiss Re, the company announced Monday. That figure is net of retrocession and ...
Fidelity Demands Companies Make Exec Pay Plans Longer Term
One of the biggest investors in European companies says it will start voting against boardroom pay plans next year unless firms force executives to hold shares more than three years before cashing ...