U.S.
Trust in Buffet Trumps Disclosure in Berkshire’s Annual Reports
For years, chemical maker Lubrizol filed annual reports with securities regulators that ran 80 pages or more, detailing everything from its inventory to pension obligations. Today, investors would ...
Woodall, FSOC’s Insurance Expert, Approved as International Regulatory Observer
Roy Woodall, the insurance sector voting member of the Financial Stability Oversight Council, will finally be getting involved in the International Association of Insurance Supervisors (IAIS) but as ...
Insurance compliance work rarely operates at an entirely predictable pace. A carrier may be managing normal licensing and appointment activity...
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 ...