Risk & Capital Management
11 States Battle Drought, Heightened Wildfire Risk
Federal officials have designated portions of 11 drought-ridden western and central states as primary natural disaster areas, highlighting the financial strain the lack of rain is likely to bring to ...
Data Theft Nearly Impossible to Beat, Say Davos Executives
Fighting online data fraudsters is almost impossible as their ability to hack into new technology often outpaces companies efforts to protect it, senior businessmen and bankers gathering for the ...
New Insurance Accounting Standards Are Coming: It’s Time to Get Ready
If you are like most insurance executives you are probably aware that changes are coming to insurance accounting, but you're probably not exactly sure what they are or why all this is happening. The ...Travelers’ Slowing of Price Hikes Raises Concerns; Shares Fall
U.S. insurer Travelers Cos. Inc.'s slowing pace of price hikes raised concerns about its margins and overshadowed a three-fold rise in quarterly profit, sending its shares down as much as 3 percent. ...
Generali Will Sell Asset Manager BSI Group: CEO
Assicurazioni Generali SpA, Europe's third-largest insurer, will sell Swiss asset-management unit BSI Group as part of its disposal plan to boost capital. "We will sell BSI for sure, we have plenty ...
RSA Insurance to Sell Central, Eastern European Assets: Report
RSA Insurance Group Plc, the British insurer looking to raise capital, is planning the sale of assets in central and eastern Europe, according to three people familiar with the plan. RSA is close to ...
CEOs Upbeat on Economy But Worried About Weak Markets, Over-Regulation
Business leaders gathering for their annual high-profile networking forum in Davos are feeling a bit better about their companies' prospects and a lot more so about the broader economic outlook. But ...
Expect Nothing ‘Radical’ in 2014 for Reinsurance Prices: Allianz Re CEO
Property and casualty reinsurance rates, which fell in seven of the last 10 years, probably won't rebound in 2014, the head of Allianz SE's reinsurance arm said. "Last year's catastrophe activity was ...