U.S.
Traders’ Personal Stress May Drive Market Instability, Say Researchers
Financial markets may be more vulnerable to traders' stress levels than previously thought, according to a scientific study which found that high levels of the stress hormone cortisol can induce risk ...
AIG Plans Islamic Reinsurance (Retakaful) Venture in Malaysia
American International Group Inc. is plotting its entry into Malaysia's Islamic insurance market, lured by the country's economic expansion and an industry that has grown more than fivefold in less ...Pine River Hedge Fund Raising $750 Million to Start Bermuda Reinsurer
Pine River Capital Management LP, the $14.3 billion hedge-fund firm founded by Brian Taylor, is raising capital for a reinsurance company in the latest push by a money manager into the industry. The ...
Greenberg’s Starr Investment Heads Group Buying Claims Firm MultiPlan
A group led by former AIG boss Maurice "Hank" Greenberg's Starr Investment Holdings said it would buy health insurance claims processor MultiPlan Inc. Terms of the deal were not disclosed. A person ...
OECD Wants Broker, Insurer Data Included in Tax Evasion Crackdown
Accounts at brokers and insurers need to be included along with banks in a plan designed to share data among governments to crack down on tax evasion, the Organization for Economic Cooperation and ...
U.S. Offers Outline of 2015 Global Climate Pact to United Nations
The United States on Wednesday submitted to the United Nations its vision for a new international climate agreement that is "built to last," outlining what it thinks should be the main elements of a ...
Excess & Surplus Lines Is The Stable Place to Be: Scottsdale’s Miller
The excess and surplus (E&S) lines insurance industry was in a good place last year, characterized by a stable market and moderate growth, according to one executive who is bullish on the sector. ...U.S. Releases Guidelines for Improved Corporate Cybersecurity
The U.S. government on Wednesday released the final version of standards meant to help companies in nationally critical industries better defend against cyber attacks, and officials now face the ...