News
If It Gambles Like a Bank, Regulate It Like a Bank: Bloomberg View
Five years after a crisis that almost took down the world economy, regulators are still groping for a way to address one of the global financial system's most obvious weaknesses: the trillions of ...
South Africa’s MMI Acquiring Alexander Forbes Insurance Business
MMI Holdings Ltd., South Africa's third-largest insurer, agreed to pay 1.6 billion rand ($158 million) for Alexander Forbes Ltd.'s insurance business. MMI will fund the cash acquisition of Guardrisk ...
Berkshire-Hathaway Insurance Earnings Tumble in Q3
Although Berkshire Hathaway reported a 7.7 percent jump in operating income for the third-quarter of 2013, Berkshire's insurance operations saw earnings fall in the quarter. Taken together, operating ...
AIG Earnings Call Highlights: Broker Quality Scrutinized; Still Committed to ‘Aspirational Goals’
Property/casualty insurance brokers who aren't diligent about the accounts they're presenting to American International Group risk being discovered through one of the features of the carrier's ...
U.S. Says Japan Signing Liability Pact Would Aid Nuclear Cleanup
Japan will receive international help with the cleanup at the Fukushima atomic station once it joins an existing treaty that defines liability for accidents at nuclear plants, U.S. Energy Secretary ...
Zurich Insurance Probe Finds CFO Wasn’t Under Undue Pressure Before Suicide
Zurich Insurance Group AG, Switzerland's biggest insurer, said a probe into the suicide of Pierre Wauthier showed that no "undue pressure" was exerted on the chief financial officer before his ...Louisiana’s Citizens Settles Remaining Claims Over 2005 Storms
Louisiana Citizens Property Insurance Corp., the state-run insurer of last resort, has settled the remaining claims in a class-action lawsuit tied to how it handled claims after hurricanes Katrina ...AIG Overhauls Porfolio Team: Cornell to Run Bonds, Schreiber to Manage Alternatives
American International Group Inc. named Brian Schreiber and Geoffrey Cornell deputy chief investment officers as the insurer revamps oversight of its $358.3 billion portfolio. Schreiber, 48, will ...