News
G-SII Designations Might Fuel Restructurings: S&P
New requirements that will be imposed on insurers that the Group of 20's Financial Stability Board has designated to be global systemically important insurers may motivate G-SII restructurings down ...
Sea Level Rise: New Iceberg Theory Points To Areas At Risk Of Rapid Disintegration
In events that could exacerbate sea level rise over the coming decades, stretches of ice on the coasts of Antarctica and Greenland are at risk of rapidly cracking apart and falling into the ocean, ...
AIR Worldwide Appoints Churney COO
Catastrophe modeling firm AIR Worldwide has appointed Bill Churney to the position of chief operating officer. Churney will have immediate responsibility for all product management, software product ...Travelers’ Q2 Profit Up Due to Continued Rate Hikes
Travelers Cos., the lone property/casualty insurer in the Dow Jones Industrial Average, said second-quarter profit climbed 85 percent as price increases helped improve margins. Net income increased ...
What Buffett’s Closing India Insurance Brokerage Says About India’s Potential
India has long been viewed as a value investor's dream: rapid growth, 1.2 billion people pining for a taste of globalization, and underdeveloped industries ripe for turnarounds. So it surprised few ...
Intact Financial to Report $248 Million in Losses From Floods in Canada
Intact Financial Corp., the largest property and casualty insurer in Canada, will record losses of C$257 million ($248 million) from flooding in Alberta and Toronto, and a train explosion in Quebec. ...
Wolin Leaving as Deputy U.S. Treasury Secretary
Deputy U.S. Treasury Secretary Neal Wolin, who has defended tighter financial regulation as necessary in the aftermath of the 2008 credit crisis, is stepping down at the end of August, according to ...
Estimates of Global Hacking Damage Called Into Question
A $1 trillion estimate of the global cost of hacking cited by President Barack Obama and other top officials is a gross exaggeration, according to a new study commissioned by the company responsible ...