News
Commercial Prices Up For 9 Straight Quarters: Towers Watson; Years More Needed: Hartwig
Reporting an aggregate first-quarter 2013 jump in commercial insurance prices of almost 7 percent, Towers Watson said the result marks over two consecutive years—nine straight quarters—of price ...S&P’s ‘AA+’ Rating On U.S. Now Stable As Downside Risks Abate
Standard & Poor's revised the outlook on its "AA+" credit rating for the United States to stable from negative, noting that some downside risks have abated. The risks have receded to the point ...
As the insurance market continues to stabilize, the next phase of the market will reward independent agencies that can respond...
Travelers to Acquire Dominion of Canada General for $1.1B
The Travelers Companies Inc. (NYSE: TRV) has agreed to acquire The Dominion of Canada General Insurance Co. from E-L Financial Corp. Limited (TSX: ELF) for approximately $1.1 billion in cash, subject ...
Bond Buffer Seen in Demand for Swaps Collateral: Credit Markets
New collateral rules for hedge funds, insurers and others in the $633 trillion over-the-counter derivatives market are poised to boost demand for U.S. Treasuries, potentially slowing rising yields as ...Tokio Solution Management, GC Securities Create Private Cat Bond Platform For Smaller Capacity Buyers
Tokio Solution Management Ltd. and GC Securities, a division of MMC Securities Corp., have created a private catastrophe bond platform to meet the needs of an underserved segment of reinsurance ...
Buffett’s Charity Lunch Auction Draws Winning Bid of $1 Million
Warren Buffett's annual lunch auction, a fundraiser for San Francisco's Glide Foundation, raised about $1 million, the lowest amount in six years. The event drew 106 bids from 8 people as it ...
Top Five States Ranked By Insurable Coastal Value: AIR Worldwide
More than $10 trillion is at risk for residential and commerical properties located in the more than 100 coastal counties of 18 states along the Eastern and Gulf coasts, according to a recent report ...SIFI Designation A Credit Positive For AIG: Moody’s
In an article published yesterday in its weekly "Credit Outlook" publication, Moody's Investors Service said the Financial Stability Oversight Council's designation of American International Group as ...