News
Texas Windstorm Insurer Postpones Receivership
The Texas Windstorm Insurance Association will not go into receivership, at least not right away. After hearing from coastal stakeholders, the TWIA board met in a closed session to discuss the ...Receivership Proposed for Texas’ Insurer of Last Resort
In a meeting on Monday, Mar. 25, the board of directors of Texas' insurer of last resort in coastal areas was expected to discuss the organization's dire financial condition and the possibility of ...
Analysis: How Outsourcing to India Is Changing and Why
India's IT outsourcers are promoting "mini CEOs" capable of running businesses on their own, while trimming down on the hordes of entry-level computer coders they normally hire as they try to squeeze ...
New York Has Lowest Risk For Employment Recruiting: Aon Hewitt
New York is the lowest risk city in the world for recruiting, employing and relocating employees, according to rankings released by Aon Hewitt, the global human resources business of Aon plc. This is ...SEC Approves But UBS Unhappy with Nasdaq Payback on Facebook IPO
U.S. regulators approved Nasdaq OMX Group's $62 million compensation plan for firms that lost money in Facebook Inc.'s glitch-ridden market debut, a victory for the exchange operator that also set ...
Cat Modeling Exec Keogh Joins TigerRisk
TigerRisk Partners, a reinsurance broking and risk/capital management firm, announced that William (Bill) Keogh, will become a member of the company's Decision Support Team. Keogh comes to TigerRisk ...PartnerRe Ltd. Launches Lorenz Re Sidecar
PartnerRe Ltd. has formed Lorenz Re Ltd., a special purpose insurer domiciled in Bermuda. PartnerRe said the vehicle provide additional capacity to PartnerRe on a diversified portfolio of catastrophe ...
Should Firms Tie Bonuses to Competitors’ Performance?
The Federal Reserve is pushing banks to ignore competitors' performance when awarding bonuses, and focus squarely on their own profitability, according to pay consultants and other people familiar ...