A federal appeals court reinstated a securities lawsuit involving the Ponzi scheme of R. Allen Stanford that names Willis Group Holdings as a defendant in the multi-billion-dollar fraud.
Risk managers are not confident that the loss-of-earnings trigger for business-interruption coverage is clearly explained to them, and many feel that the products that are available do not adequately cover their risks.
Taking advantage of the precarious position of guaranty insurers, Goldman Sachs appears to be aiming at entering that marketplace on the heels of acquiring Ariel Reinsurance earlier this month.
Taking advantage of the precarious position of guaranty insurers, Goldman Sachs appears to be aiming at entering that marketplace on the heels of acquiring Ariel Reinsurance earlier this month.