Tropical Storm Gabrielle regenerated and bore down on Bermuda on Tuesday while Tropical Storm Humberto strengthened to the verge of becoming the season's first Atlantic hurricane, forecasters said.
Tropical Storm Gabrielle regenerated and took aim at Bermudaon Tuesday while Tropical Storm Humberto strengthened on the cusp of becoming the season's first Atlantic hurricane, forecasters said.
Munich Re played down the threat to its reinsurance portfolio from insurance investors like pension funds, saying it expected a stable outcome when it renews contracts with its insurance company clients in the coming months.
Reinsurance executives gathering in Monte Carlo will be considering their response to increasingly popular alternative insurance-linked investments that are driving down prices in the industry.
The U.S. Treasury Department on Thursday issued proposed rules aimed at easing the requirements for companies and insurers when they report employees' health coverage information to comply with President Barack Obama's signature healthcare law.
According to sources, former Zurich CFO Pierre Wauthier and former chairman Josef Ackermann disagreed on the company's message to investors before presenting second-quarter results.
According to sources, former Zurich CFO Pierre Wauthier and former chairman Josef Ackermann disagreed on the company's message to investors before presenting second-quarter results.
A flood of investment capital into structures linked to insurance could lead to instability and spark a new financial crisis if left unsupervised, a top official has warned.
A flood of investment capital into structures linked to insurance could lead to instability and spark a new financial crisis if left unsupervised, a top official has warned.