U.S.
Loeb’s Third Point Reinsurance Files For U.S. Public Offering
Third Point Reinsurance Ltd., which counts hedge-fund manager Daniel Loeb as a founding shareholder, filed for a U.S. initial public offering to help it expand underwriting and increase investments. ...
RMS Hurricane Model Update Coming; Lower Risk Indications Expected
When RMS releases an update for the catastrophe modeling firm's North American Hurricane model later this month, lower loss exposure estimates are expected, according to a representative of the firm. ...
Airline Insurance Premiums Continue to Fall: Willis
Insurance premiums for airlines continued to go down during the first half of this year in what remains a buyers' market, according to a report by Willis Group Holdings. The loss of an Asiana B777 ...
Reinsurance Brokers Holborn, Lehrke Merge
Reinsurance brokers Holborn Corp. of New York and W.J. Lehrke Co. of Edina, Minnesota, have agreed to merge. Details were not disclosed. The combined firm will operate under the Holborn name and all ...
SEC Officials Frustrated with Slow Pace of Dodd-Frank Rules
Top U.S. Securities and Exchange Commission officials are frustrated over lack of progress in finalizing rules for credit rating agencies and asset-backed securities (ABS), seen by regulators as ...
SEC Fraud Case Against Goldman Sach’s ‘Abacus’ Trader Goes to Trial
The U.S. Securities and Exchange Commission heads to trial Monday against a former Goldman Sachs bond trader in a case it says highlights what went wrong on Wall Street in the financial crisis. Jury ...
Former AIG Chief Greenberg Sues Spitzer For Defamation
Former American International Group Chief Executive Maurice "Hank" Greenberg sued Eliot Spitzer on Friday, alleging the former New York governor defamed him in several statements to the press, ...Enstar Deal Prompts A.M. Best Review Of Torus
A.M. Best Co. put the A-minus (excellent) financial strength ratings of Torus Specialty Insurance Company and Torus National Insurance Company under review with negative implications yesterday. The ...