Risk & Capital Management
Aon Benfield Cites 2014 as Record for Property Catastrophe Bond Issuance
Total property catastrophe bond issuance for 2014 stood at $8.03 billion as of Dec. 12, a new record for annual insurance-linked securities, Aon Benfield Securities said. That new milestone hit with ...
Specialty Insurer James River Raises $231M in IPO
James River Group Holdings Ltd., the specialty insurer backed by hedge fund company D.E. Shaw & Co. and Goldman Sachs Group Inc., raised $231 million in an initial public offering, pricing its ...
Willis Group Closes Purchase of IFG Financial Businesses in Ireland
Willis Group Holdings completed its acquisition of a number of Irish pension and financial advisory businesses from IFG Group for an undisclosed price. The deal went through subsidiary Willis ...
Hartford Reduces Energy Bond Holdings As Oil Prices Drop
Hartford Financial Services Group Inc., the insurer with a $76 billion investment portfolio, has reduced holdings of bonds issued by energy companies amid a slump in oil prices. "We've lightened up a ...
Heard at PCI Meeting: Reserve Covers, Capital Relief Deals Are Growing Trend
They may not be the new black, but references to adverse development covers and capital relief solutions and cropped up more than once in conversations with reinsurance market participants during the ...
AIG Bailout Lawsuit Closing Arguments Expected This Spring
Hank Greenberg's legal assault on the U.S. government and the terms imposed in its 2008 bailout of American International Group Inc. brought a parade of financial crisis superstars to a Washington ...
Persistent Low Interest Rates Would Push One-Quarter of EU Insurers Below Solvency Ratios
One in four European insurers may struggle to meet promises to policyholders in a prolonged period of low interest rates, the European Union's insurance watchdog said following a stress test of the ...
Elements of a Properly Structured Business Continuity Plan
Effective business continuity plans are designed to provide a rehearsed road map for the most effective restoration of essential processes and functions after a disruptive event and therefore go hand ...