International
XL Group, Stone Point Capital Form Joint Investment Manager
XL Group and private equity firm Stone Point Capital LLC announced the formation of a new Bermuda-based company to act as an investment manager in insurance-linked securities and other reinsurance ...
RenaissanceRe Expands Global Re Operations By Launching U.S. Platform
RenaissanceRe Holdings Ltd. announced the formation of RenaissanceRe Underwriting Managers U.S. LLC, a specialty reinsurance agency based in Connecticut, on Thursday. The agency will support the ...
ACE CEO Greenberg Cautions on Wall Street Draining Reinsurance Pond
ACE Limited Chief Executive Officer Evan Greenberg said the influx of Wall Street capital into the reinsurance industry is pressuring rates and that he is prepared to cut sales of backstop coverage. ...New York Widens Probe Into Insurers’ Compliance with Iran Sanctions
Zurich Insurance Group AG is among companies being questioned by New York's insurance regulator in a widening investigation into compliance with a law imposing sanctions against Iran, a person ...
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 ...