Risk & Capital Management
Munich Re America Backs Public-Private Effort on Extreme Weather Mitigation
The number of loss-relevant weather catastrophes worldwide has almost tripled since 1980, according to Munich Re's NatCatSERVICE database. The company said that finding ways to create broader ...
AIG, Bank of America Settle Dust-Up Over Mortgage-Backed Securities
American International Group said it will get at least $650 million from Bank of America as part of a legal settlement involving toxic residential mortgage-backed securities. With the settlement, yet ...
California Drought Threatens $800M in Crop Revenue
The severe drought in California is threatening more than $800 million in crop revenue as water needed for farming is at record lows, according to a report. River water supplies for farms in ...
Bipartisan Bill Seeks to End Secrecy of ‘Too Big to Fail’ Panel
Democratic and Republican lawmakers are cooperating on legislation that would lift some of the secrecy around the U.S. council that decides which companies pose the biggest risks to the financial ...
Fed Chair Yellen Worried About Stretched U.S. Equity Valuations
The Federal Reserve on Tuesday voiced concern about stretched valuations in certain corners of the U.S. markets, including small cap, biotechnology and social media stocks, as well as the leveraged ...
S&P: Bond Insurers Ready for Puerto Rico Corporate Debt Crisis
For now, two major bond insurers appear more than able to handle credit deterioration of Puerto Rico's public corporations and new legislation that will let some of the companies restructure their ...
With Volumes Soaring, Zurich Doubles Its Green Bond Commitment
Zurich Insurance Group AG said it is boosting its investment in green bonds to up to $2 billion, with plans to spread the initiative through three different European currencies. Switzerland's largest ...
Tower Group Shareholders to Vote on ACP Re Merger in August
Tower Group International's shareholders will finally get their chance to approve or reject a merger agreement with ACP Re, months after the proposed deal was first announced. The Bermuda insurer and ...