News
Greece, BlackBerry: ‘Cautious’ Bets for Fairfax Financial’s Watsa
Bets on debt-ravaged Greece or ailing phone maker BlackBerry would make many investors flee, but for Prem Watsa both are part of a "cautious" strategy he employs to manage Fairfax Financial's $23.3 ...
EU Commission Fines Banks $2.3B for Benchmark Rigging
EU antitrust regulators fined six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup a record total of 1.71 billion euros ($2.3 billion) on Wednesday for rigging ...
In Cost Cutting Move, Zurich Insurance Lays Off 53 in Middle East
Zurich Insurance Group AG, Switzerland's biggest insurer, fired 53 people across its general insurance operations in the Middle East as part of cost- cutting plans. "Fifty-three people were made ...
Insurers Rank Top 10 Extreme Risks; Global Pandemic is No. 1
Global insurance industry executives rank global pandemic, large-scale natural catastrophe and a food/water/energy crisis as the three most important extreme risks for the industry to worry about in ...
That ’70s Show: Obamacare Takes Federal Black Lung Claims Back in Time
Tucked into amendments to the Patient Protection and Affordable Care Act (PPACA) are two unexpected provisions that put casualty insurance carriers on the hook to pay Black Lung benefits on claims ...
Allstate Launches Program to Focus on Minority-Controlled Asset Managers
The Allstate Corporation announced Tuesday that the company is launching its first emerging manager program to invest with smaller private equity and private real estate equity asset managers, with a ...
EU Watchdog Sees Failings in Sovereign Debt Ratings Process
The "Big Three" agencies that rate European Union government debt could be fined after failing to fix poor practices from the past, the sector's regulator said on Monday. Credit ratings are a key ...