Aon Global Risk Consulting has appointed Graham Heath as director of Risk Control UK. In this role, Graham will help UK corporate clients to improve their business performance through effective management of their risks. Aon said he would “support the …
The U.S. Federal Reserve, by taking an equity stake in American International Group, is moving further into uncharted territory and may be risking potentially large investment losses and its independence. As part of the latest bailout effort of the troubled …
EU leaders backed a blueprint on Sunday for streamlining how banks are supervised designed to spot excessive risk earlier to better protect investors. An emergency summit of European Union leaders on the economic crisis stressed the need to improve regulation …
The Wyoming Senate has voted down a bill to create a multimillion dollar investment fund to foster small business growth. House Bill 291 would have created a $20 million fund with contributions from insurance companies, which would have been reimbursed …
Reno, Nev.-based Employers Holdings Inc. reported net income for the fourth quarter of 2008 of $15.9 million compared with $31.8 million in the fourth quarter of 2007. Net income includes amortization of the deferred reinsurance gain related to the loss …
Britain’s banks must clean up their balance sheets and start rebuilding their operations, the Treasury chief said Wednesday as major lenders were in talks with the government for insurance of their shaky assets. Writing in Wednesday’s edition of the Financial …
Warren Buffett has some explaining to do. Berkshire Hathaway Inc, his insurance and investment company, is in the midst of one of its worst stretches since Buffett took over the company in 1965. Berkshire’s shares have lost close to half …
Three potential bidders remain interested in the sale of a large stake in American International Group’s $20 billion Asian life insurance unit, people close to the matter said on Wednesday, as the auction heads into its final week. But hopes …
Insurers are increasingly using scenario analysis to evaluate multiple risks, but the industry could do more to fully exploit state-of-the-art approaches, according to Swiss Re’s new sigma study. Scenario analysis helps insurers make business decisions by considering a number of …
In 2004, a football-sized piece of concrete fell from a bridge and crashed through Yvonna Osborn’s windshield while she was driving home on Interstate 35 in Oklahoma. The 52-year-old Irving, Texas, mother of two died of massive head injuries and …
