News
AmTrust Declines After GeoInvesting Challenges Accounting
AmTrust Financial Services Inc., the insurer that bought an auto-warranty business from Ally Financial Inc., plunged in New York trading after GeoInvesting challenged the company's accounting. ...
Insurers Spark Business Boom for Third-Party Asset Managers
Franklin Resources Inc., the money manager that features Benjamin Franklin in its logo, is building the team managing insurers' funds as retail clients retreat from bonds at a record pace. Mark ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
Are Wireless Cos. Resisting Antitheft Switch to Sell Insurance, Asks NY AG
New York State attorney general is investigating why American cellphone carriers are yet to support antitheft software on Samsung smartphones, raising questions about possible coordination among the ...
Pension Funds Betting on Catastrophe Bonds; Demand Outpacing Supply
Funds specializing in insurance- linked risks such as catastrophe bonds are benefiting as the $30 trillion pension industry increases bets in a market that hasn't posted an annual loss. At Leadenhall ...
A.M. Best Says Deal May Resolve S.A.C. Re Reputational Risks
A.M. Best Co. commented Tuesday that the "A-minus" financial strength rating of and issuer credit rating of "a-" of S.A.C. Re, Ltd. are unchanged and the ratings remain under review with negative ...
Pipeline Blast in China Exposes Urban Sprawl Risks
A Chinese oil pipeline punctured twice a week by oil thieves cleared a safety inspection just two months before a section of the line exploded and killed 62 people in November, sources at the ...Fitch Affirms QBE Financial Strength at A+, Downgrades Issuer Default Rating
Fitch Ratings has affirmed the "A-plus" insurer financial strength (IFS) ratings for the subsidiaries of QBE Insurance Group, while downgrading the group's long-term issuer default rating (IDR) to ...
Clubby Culture on U.S. Corporate Boards, Study Says
Almost 40 percent of U.S. corporate directors with responsibility for monitoring the profit-and-loss ledger have social ties to the chief executive, a study says, making them look more like lapdogs ...