Risk & Capital Management
EU Close to Deal on Long-Delayed Insurance Capital Rules
The European Union is close to agreeing on new rules that will force insurers to hold enough capital to keep policyholders safe, after years of delay. Lawmakers from the European Parliament and ...
Thus Far, 2013 Is Seventh Hottest Year, More Warming Expected: WMO
This year is the seventh warmest since records began in 1850 with a trend to weather extremes and the impact of storms such as Typhoon Haiyan in the Philippines aggravated by rising sea levels, the ...
Liberty Mutual to Enter Mexico with Purchase of Surety Company
Liberty Mutual Insurance said it will acquire Mexican surety company Primero Fianzas from Grupo Valores Operativos Monterrey, a private investor group. The company said the acquisition will enable ...
After 13 Years, Europe Appears Ready to Adopt Solvency II Insurance Regulations
Europe may be nearing an agreement on rules that aim to make insurance companies safer after 13 years of wrangling between politicians, companies and regulators. Insurers and European Union officials ...
Bring on the Competitors, Reinsurance Brokers Say
If you ask Frank Harrison, chief executive officer of New York-based reinsurance intermediary Holborn Corp., whether he worries about competitors coming up behind his firm, you'll hear an unusual ...
PLUS Conference: Albright, Cohen on Global Risk, Governance and Hypocrisy
America's European allies are being hypocritical in their complaints about the U.S. spying on them because they all have their own surveillance programs, according to two former top officials in the ...Willis Places Catlin $300M Cat Bond
Willis Capital Markets & Advisory the capital markets and advisory business of Willis Group Holdings, the global risk advisor, insurance and reinsurance broker, announced that it has structured ...
PLUS Told World Needs Insurance Industry to be ‘Bold’ and ‘Sexy’ Now
It's time for the insurance industry to be "bold" and "sexy" in creating new insurance products and services to help the world deal with extreme risks that are becoming more common, according to a ...