News
Officials Worry NSA Leaks Could Skew U.S. Cyber Policy
Weeks of revelations about secret U.S. surveillance programs could stymie progress on negotiations over new laws and regulations meant to beef up the country's defenses against the growing threat of ...Third Point Re With No U.S. Staff Claims Eligibility for JOBS Act Disclosure Limits
Billionaire hedge-fund manager Daniel Loeb's Third Point Reinsurance Ltd., which has no staff in the U.S., said it can limit financial disclosure after a public offering because of rules promoting ...
Goldman Sachs to Sell Its European Insurance Business
Goldman Sachs Group Inc. said it probably will sell a majority stake in its European insurance business in the next 12 months. The business, known as Rothesay Life Ltd. and run by Addy Loudiadis, had ...
Swiss Re Reports Net Gain But Underwriting Loss Due to Disaster Claims
Swiss Re Ltd., the world's second- biggest reinsurer, reported its first quarterly underwriting loss since 2011 after a surge in claims from natural catastrophes and man-made disasters. The combined ...
60% of Customers Who Leave Independent Agents Eventually Return: Survey
Many customers who are lured away from independent agents by direct insurers promising lower prices will ultimately return to an independent agent. According to a recent study commissioned by The ...
Cyber Risk Is Biggest Threat to Global Markets, Governments: DTCC
Cyber security is the greatest threat to markets and governments around the world, according to the Depository Trust & Clearing Corp., which processes U.S. stock trades. The New York-based ...
Nuveen Investments Sues AIG, Former Executives Alleging Securities Fraud
Twenty-five Nuveen Investments Inc. funds sued American International Group Inc., claiming the company committed securities fraud in the months leading up to the U.S. financial crisis in 2008. Also ...Fairfax Boosts Offer For American Safety
American Safety Insurance Holdings, Ltd. announced Wednesday that Fairfax Financial Holdings Limited has increased its offer to purchase American Safety to $30.25 per share from the previously ...