The reinsurance industry may attract about $100 billion of new capital from alternative sources over the next five years as pension and hedge funds boost investment, according to broker Aon Plc. Companies such as Munich Re, the biggest reinsurer, and …
Swiss Re expects natural catastrophe pricing rates to stabilize in 2014 after a decline this year, with demand for the cover doubling by 2020 in high-growth markets. The Swiss reinsurer, which helps insurers shoulder risks in exchange for part of …
Bank of America Corp. agreed to pay $39 million to settle a gender bias lawsuit by female brokers who claimed they were paid less than men and deprived of handling their fair share of lucrative accounts, court papers made public …
Munich Re, the world’s biggest reinsurer, said it expects stable rates for its property and casualty reinsurance at January price negotiations. “Prices will remain largely stable, chiefly due to the still comparatively low interest rates,” for proportional business in which …
World leaders renewed their determination on Friday to work more closely and regulate across the financial system to avoid conflicting rules that would crimp economic growth. The Group of 20 nations (G20) ended a summit in Russia by asking regulators …
A Depression-era program intended to save the nation’s farmers from ruin has grown into a 21st- century crutch enabling affluent growers and financial institutions to thrive at U.S. taxpayer expense. Federal crop insurance encourages farmers to gamble on risky plantings …
The 2013 Atlantic hurricane season, which forecasters had predicted would be more active than normal, has turned out to be something of a dud so far as an unusual calm hangs over the tropics. As the season heads into the …
An annual filing most insurance carriers will use to develop rates for workers’ compensation insurance shows a dramatic decrease in loss costs, Oklahoma Insurance Commissioner John D. Doak announced. The overall loss cost decrease of 14.6 percent takes effect Jan. …
Fur coats, diamonds and Rolex watches were among hundreds of items once owned by a pair of Wausau, Wis., insurance executives that have been auctioned off to pay for their multimillion-dollar fraud scheme. Federal agents seized the property from homes …
Leigh Harris joined Texas-based Roach Howard Smith & Barton insurance brokerage firm as assistant vice president in the employee benefits division. Prior to benefits consulting, Harris spent six years as a workforce management consultant with ADP, working with C level …
