News
JPMorgan’s Board Takes Some Power from Dimon
JPMorgan Chase & Co.'s board, under fire for the bank's trading losses and myriad government probes, said on Monday that it was adding two directors and handing more power to its lead independent ...
Fitch Sees Alternative Capital Fueling Reinsurance Mergers
Mergers and acquisitions in the reinsurance industry may rise in coming years because of higher valuations and the inflow of alternative capital, according to Fitch Ratings Ltd. The consolidation ...
Allstate CEO Dismisses GEICO Threat in Race for Auto Insurance Market Share
Allstate Corp. Chief Executive Officer Tom Wilson, whose company lost car-insurance market share in the last three years, said competitor GEICO could struggle to expand sales as it seeks to sell more ...
Buy or Sell? Response May Depend on How Investment News Is Delivered
Some investment firms are looking at using online videos to bring financial news to their investors. But researchers at Missouri University of Science and Technology caution firms to first consider ...
Third Point Re’s Underwriting Model to Top Greenlight’s, Advises JPMorgan
Dan Loeb's Third Point Reinsurance Ltd., which had a public offering last month, will probably produce better underwriting results than David Einhorn's Greenlight Capital Re Ltd., JPMorgan Chase ...
Future of AIR Worldwide’s Touchstone to Include Non-Cat Risk Analysis
Catastrophe modeling firm AIR Worldwide on Monday announced that its next-generation software platform, Touchstone, will include the ability to account for both catastrophe and non-catastrophe risks ...
Nat Cat Re Demand to Double in High-Growth Markets; Declining U.S. Rates to Stabilize in ’14: Swiss Re
Swiss Re expects the demand for natural catastrophe reinsurance to double in high-growth markets and to rise by around 50 percent in mature markets by 2020, the reinsurer said in a statement. ...
Hurricane Season 2013 Unusual, Says RMS; Humberto Expected to Miss U.S.
This is the first season in 11 years not to have produced a landfalling hurricane by August, RMS said on Monday morning in a hurricane fact sheet released to the media. The statement noted that there ...