News
Zambian Reinsurer Prima Re Plans IPO
Prima Reinsurance Plc, a Zambian insurer, plans to raise about $4 million by the end of the year in the country's first initial public offering since 2008. The proceeds will go toward meeting higher ...
Loeb’s Third Point Re Increases IPO Target to $345 Million
Third Point Reinsurance Ltd., which counts hedge-fund manager Daniel Loeb as a founding shareholder, increased to $345 million the amount it is targeting in an initial public offering. The figure, ...
The CNBC Halftime Report is the place for market-moving interviews and fast-paced market analysis. It places investors right at the...
Hartford Reports Third Straight Loss on Asbestos, Annuity Costs
Hartford Financial Services Group Inc., the insurer exiting life operations to focus on property/casualty coverage, posted a third straight loss on asbestos liabilities and costs tied to variable ...
Bernanke Should Testify in Greenberg Case Against Bailout: Judge
A U.S. judge said Federal Reserve Chairman Ben Bernanke should be required to testify in the lawsuit by the former chief of American International Group Inc., Maurice "Hank" Greenberg, against the ...AIG Closing Savings Bank Unit, Returning Customer Funds Amid Dodd-Frank Pressure
American International Group Inc. will return funds to customers of its banking unit and shut their accounts as the Dodd-Frank Act places limits on insurers with deposit-taking units. AIG Federal ...
U.S. Appeals Court Rejects States’ Challenge Over Climate Rules
A federal appeals court on Friday rejected a legal challenge by Texas and Wyoming to the U.S. Environmental Protection Agency's efforts to curb greenhouse gas emissions. A three-judge panel of the ...Ex-Flagstone Exec Swayne Joins Nephila Capital Ltd
Nephila Capital announced yesterday that Guy Swayne, formerly of Flagstone Re, will be joining its global management team as a partner at the firm. Nephila is the largest institutional asset manager ...
Is My Data Safe On The RMS Cloud?
Two months after RMS announced the launch of RMS(one)—a cloud-based platform for catastrophe models, exposure measurement tools and related data—RMS's leader took to the blogosphere to address ...