Risk & Capital Management
Disagreement on Business Targets Preceded Zurich CFO’s Suicide
On August 14, Zurich Insurance chairman Josef Ackermann received financial chief Pierre Wauthier and head of investor relations James Quin at his office overlooking Lake Zurich to finalise the ...
Re Market ‘Past Convergence’ With Capital Over Half-A-Trillion
Global reinsurer capital, which had reached a peak of $515 billion at the end of first-quarter 2013, still stood above the half-trillion mark at June 30, dropping slightly to $510 billion, according ...
Reinsurers Could Face Pressure to Lower Rates Amid Capital Oversupply
Munich Re and Swiss Re Ltd. are among reinsurers likely to face further pressure to lower the rates they charge clients as the capital available for backing policies remains near a record high, ...
Rating S&P’s New Method: Transparency Improved, But Execution Consistency Falls Short
In May, Standard & Poor's confirmed that it had finalized a 10-month "Request for Comment" (RfC) process around proposed changes to the rating agency's criteria for rating insurers and ...
Wells Media Launches Carrier Management Print Magazine
Wells Media Group Inc. has launched a new print publication, Carrier Management Magazine, for property/casualty (P/C) insurance executives. This magazine launch follows the spring debut of the ...
London Insurance Tower Probed for Car-Melting Light Beam
The owners of the 37-story tower known as the Walkie Talkie in the City of London financial district are investigating a light beam cast by the building that's so intense it melted parked cars. Land ...
Arkansas Homeowners Settle Suit Charging Fracking Wastewater Caused Quakes
Five Arkansas residents who sued two oil companies claiming wastewater disposal wells from fracking caused earthquakes that damaged their homes settled with the companies for an undisclosed sum on ...AIG Plane Unit Pursues IPO Plan as China Transaction Stalls
American International Group Inc. is carrying on with plans for a possible initial public offering of its plane-leasing unit if an agreement to sell the business to Chinese investors collapses. AIG's ...