Risk & Capital Management
Fed Nominee Yellen Promises to ‘Carefully Consider’ SIFI Rules for Insurers
Federal Reserve Vice Chairman Janet Yellen said the central bank will "carefully consider" how to apply new regulatory standards to insurance companies that fall under the central bank's supervision. ...
XL, Stone Point Name McKeown CEO of New Investment Manager
XL Group plc has appointed industry veteran Chris McKeown as chief executive officer of New Ocean Capital Management Limited, the investment management company recently formed by XL and funds managed ...
Insurers Express Interest in Fund to Protect Customers of Bankrupt Brokers
Eight private insurers have expressed interest in participating in a fund to provide insurance for losses suffered by customers of futures brokers that go bankrupt as in the cases of MF Global and ...
Swiss Re Acquiring Stake in Brazil’s Sul America
Swiss Re Ltd., the world's second- largest reinsurer, agreed to buy an 11 percent stake in Sul America SA from ING Groep NV to expand in Brazil. The reinsurer will also purchase a 3.8 percent holding ...
Typhoon Fuels Call for Rich Nations to Compensate Poor for Global Warming Losses
The typhoon that killed thousands of people in the Philippines has energized debate about whether rich nations should compensate poor ones for climate-related losses, a proposal the U.S. and European ...
Allianz Expects Boost from Asia, Brazil, East Europe Markets and Cyber Liability, Energy Products
Allianz SE, Europe's biggest insurer, said markets such as Asia, Brazil and eastern Europe as well as products that protect against cyber risks will increase revenue at its industrial insurance unit. ...
Group Bidding for AIG’s Aircraft Leasing Firm Adding Backers: Report
Taiwanese tycoon Richard Tsai and Chinese financier Xiao Jianhua are in talks to help fund a $4.2 billion bid for American International Group Inc.'s aircraft- leasing unit, three people with ...
Citadel Reports Holding in Loeb’s Third Point Re After IPO
Ken Griffin's Citadel LLC and Cambiar Investors LLC are among asset managers that reported holdings in billionaire Daniel Loeb's Third Point Reinsurance Ltd. after the company's initial public ...