News
British Floods Hit Aviva, RSA, Direct Line
Aviva Plc, RSA Insurance Group Plc, and Direct Line Group Plc are poised to bear the brunt of losses from flooding in Britain that is estimated to cost the industry as much as 1 billion pounds ($1.7 ...
What Might Happen If El Nino Returns
Global cocoa prices have rallied to 2-1/2-year highs on worries El Nino could return in 2014, while other agricultural commodity markets could also be hit by the spectre of the weather anomaly. El ...
In North America, the World Cup is in full swing. With it, we can draw lessons from AI and contextual...
Greenberg’s Post-AIG Conglomerate: a Mini Berkshire Hathaway?
Since his ouster from American International Group Inc. in 2005, Maurice "Hank" Greenberg has been quietly building an insurance and investment conglomerate that people close to him describe as a ...
Vermont Hopes LIMA Law to Attract Runoff Business Mirrors Success of Captives
A new law in Vermont would soon authorize the state to license and regulate specialized Vermont-based companies whose only purpose would be to assume and manage closed blocks of non-admitted ...
AIG U.S. P/C Subs’ Ratings Stable In Spite of Reserve Deficiency: A.M. Best
Rating agency A.M. Best announced Thursday that it affirmed financial strength ratings for AIG's U.S. property/casualty subsidiaries at "A," noting that an estimated reserve deficiency has been ...
Meditation Good for Business Executives, Not Just Monks: Third Point’s Loeb
Daniel Loeb, the billionaire founder of activist hedge-fund firm Third Point LLC, said spirituality is good for business. "Meditation, contemplation -- it's not just for monks and hermits," Loeb, 52, ...
AIG Loses Bid to Delay BofA $8.5 Billion Mortgage Settlement
Bank of America Corp.'s $8.5 billion settlement with mortgage-bond investors won't be delayed after American International Group Inc. and other objectors asked for a hearing to address loan ...
Trust in Buffet Trumps Disclosure in Berkshire’s Annual Reports
For years, chemical maker Lubrizol filed annual reports with securities regulators that ran 80 pages or more, detailing everything from its inventory to pension obligations. Today, investors would ...