One key indicator of any country’s economic health is the confidence of investors in its commercial enterprises. By that standard Mexico is on a roll. Since the end of the currency crisis in 1994, and the introduction of NAFTA in …
The news burst suddenly, but not entirely unexpectedly, on the insurance industry. Confirming earlier reports, the 18-member Council of Lloyd’s issued a series of proposals to drastically restructure the way the 300-year-old market does business. If adopted, unlimited liability would …
On Jan. 3, French reinsurer SCOR Group launched the second installment of its innovative Atlas Re catastrophe bond, with technical analysis and parameters provided by Newark, Calif.-based Risk Management Solutions (RMS) and placement by Goldman Sachs. A portion of the …
The market in weather derivatives has really developed over the last five years,” said Diego Wauters, executive director and global head of SG Insurance and Weather Derivatives, a specialized division of French Bank Société Générale in London. Wauters, who formerly …
“Bankruptcy” and “Chapter 11” are inadequate terms to describe the carnage left in the wake of Enron’s collapse, which affected the lives of thousands of people, numerous banks and dozens of insurance companies. The tremors reverberate from the U.S. through …
Several new fronts have opened in the ongoing battle over World Trade Center coverage. On Dec. 28, 2001, Silverstein Properties (SP), the master leaseholder, filed a lawsuit against Travelers to recover the losses it insured for both towers. A week …
Several new fronts have opened in the ongoing battle over World Trade Center coverage. On Dec. 28, 2001, Silverstein Properties (SP), the master leaseholder, filed a lawsuit against Travelers to recover the losses it insured for both towers. A week …
Remarkably few events are timed precisely enough to shift the focus of an entire nation. In the last century only three come immediately to mind—August 1914, October 1929 and December 1941. While change is the only true constant in life, …
Remarkably few events are timed precisely enough to shift the focus of an entire nation. In the last century only three come immediately to mind—August 1914, October 1929 and December 1941. While change is the only true constant in life, …
The market in weather derivatives has really developed over the last five years,” said Diego Wauters, executive director and global head of SG Insurance and Weather Derivatives, a specialized division of French Bank Société Générale in London. Wauters, who formerly …
