Assets & Investments
After 13 Years, Europe Appears Ready to Adopt Solvency II Insurance Regulations
Europe may be nearing an agreement on rules that aim to make insurance companies safer after 13 years of wrangling between politicians, companies and regulators. Insurers and European Union officials ...
NYC’s World Trade Tower Opens 40% Empty in Revival: Real Estate
The first skyscraper at lower Manhattan's World Trade Center is set to open with two days of ceremonies to mark the renewal of the area after its destruction by terrorists. When the fanfare subsides, ...
Swaps Regulation Could Impact Insurers’ Risk Management, Ratings: S&P
A Dodd-Frank provision regulating derivatives could improve insurers' risk management and have a minor impact on ratings, according to analysts at Standard & Poor's. In response to the financial ...
Towers Watson Completes Sale of Reinsurance Business for $250M
Towers Watson & Co. said Wednesday that it has completed the sale of its reinsurance brokerage business to Jardine Lloyd Thompson Group PLC for $250 million but plans to continue working with its ...AIG Overhauls Porfolio Team: Cornell to Run Bonds, Schreiber to Manage Alternatives
American International Group Inc. named Brian Schreiber and Geoffrey Cornell deputy chief investment officers as the insurer revamps oversight of its $358.3 billion portfolio. Schreiber, 48, will ...
Conning Boosts Muni-Bond Investments as U.S. States Stabilize
Conning, which oversees $9 billion in municipal debt for insurance companies, says it's boosting its allocation to the local bonds as U.S. states' economic health stabilizes four years after the ...
Zurich Insurance ‘Confident’ About Reaching Improved Profitability Target
Zurich Insurance Group AG, Switzerland's biggest insurer, said it is still "confident" its non-life unit can improve a profitability target with cost cutting after it announced in August it may miss ...
Obama Administration Pushes Congress to Renew Trade Promotion Authority
The Obama administration's top trade official said on Tuesday that the United States is aiming to finalize a giant trade deal with 11 other Pacific Rim nations by the end of year, but that it needs ...