International
First-Half Insured Disaster Losses $20B Globally: Impact Forecasting
Insured losses from natural disasters around the globe reached $20 billion in the first six months of 2013, but still fell 20 percent below last year's first-half figure of $25 billion, according to ...
ACE CEO Greenberg Looks to Mexico to Grow as Brazil Slows
Evan Greenberg, the chief executive officer of Ace Ltd., said the insurer is looking beyond Latin America's largest economy as he seeks growth in the region. "It's obviously slowed down a lot in ...
Old-Fashioned Regulators Miss What’s New in Finance
Is the financial system any safer now than in 2008? There's been some progress but less than you might think. I argued last week that regulators should put in place much tougher bank capital ...
Deal Drought Raises The Pressure On Private Equity
Buyout firms have a record level of expiring funds this year, raising the prospect that many will have to ask investors for more time to do deals or not use the money at all. Advisory firm Triago ...
Japan’s Entry Brings New Clout, Doubt to Trans-Pacific Trade Talks
Japan joined U.S.-led trade talks on Tuesday, adding its weight to a pact that covers two-fifths of the world economy but raising further doubt over whether negotiators can pry open sensitive sectors ...
What Buffett’s Closing India Insurance Brokerage Says About India’s Potential
India has long been viewed as a value investor's dream: rapid growth, 1.2 billion people pining for a taste of globalization, and underdeveloped industries ripe for turnarounds. So it surprised few ...
Intact Financial to Report $248 Million in Losses From Floods in Canada
Intact Financial Corp., the largest property and casualty insurer in Canada, will record losses of C$257 million ($248 million) from flooding in Alberta and Toronto, and a train explosion in Quebec. ...
Some Question Labeling 9 Global Insurers Systemically Important
Europe's insurers criticised the approach taken by international regulators which named firms considered systemically important as they try to reduce financial risks from the sector. Two global ...