Risk & Capital Management
More Time Needed for Defining and Deploying Alternatives
To many investors, alternatives are a relatively new phenomenon directly associated with finding solutions to the impact of the financial crisis five years ago. But not for all, says Calvin (Chip) ...
Managing Risk Amidst a Sea(son) of Change
It is hard not to notice that the business environment for property/casualty insurers has changed the past few years. Profound changes, including an evolving regulatory construct and the rise of "big ...
More U.S. Securities Class Actions Involve High-Frequency Trading
Investors have wasted no time making high-frequency trading, the subject of Michael Lewis' recent best-selling book "Flash Boys: A Wall Street Revolt," a focus of securities class-action litigation, ...
SEC Alleges Kansas Avoided Revealing Pension Bond Liability
The U.S. Securities and Exchange Commission charged Kansas with failing to disclose a "multibillion-dollar" pension liability to bond investors. Documents for eight bond offerings in 2009 and 2010 by ...
Fitch Says Hawaii Storms Shouldn’t Hurt Cat Bonds
Insured losses stemming from two Hawaii hurricanes won't break the bank, in large part because both storms diminished in intensity or avoided a direct hit. As well, outstanding catastrophe bonds ...
Light Hurricane Season Now Even More Likely
Forecasters with the National Weather Service raised the likelihood for a below-normal season in their most recent Atlantic hurricane season outlook. The update predicts a 70 percent chance of a ...
Target’s Cyber Attack Fallout Cost $148M in Q2; $38M to Insurers
Target Corp., the retailer that chose a new chief executive officer last week, said second-quarter profit trailed its forecast as U.S. sales remained weak and its Canadian operations continued to ...
Allianz Profit Boost Fueled, in Part, by Fewer Natural Disaster Claims
Allianz SE, Europe's biggest insurer, said second-quarter profit rose 11 percent, helped by higher earnings at the life and health insurance unit and lower natural disaster claims. Net income ...