Articles by Charles E. Boyle

Statement of XL CEO McGavick on Closing of Merger with Catlin

XL Group plc CEO Mike McGavick has issued the following statement upon the closing of the acquisition of the Catlin Group by XL. Dear Valued Partner: On behalf of Stephen Catlin and myself, I’m proud to let you know that …

U.S., Canada Ready Oil Train Safety Measures

Canada’s transport minister will be in Washington on Friday for a joint announcement with her U.S. counterpart aimed at harmonizing safety regulations on shipping crude oil by rail, a politically sensitive issue on both sides of the border. Lisa Raitt …

Solvency II Staggers Towards Finish Line: a Retrospective Analysis

It’s been a long process, but, according to Paul Fisher, deputy head of the Bank of England’s Prudential Regulation Authority (PRA), who supervises insurance and regulatory risk, the introduction of the EU’s Solvency II regulations is nearing completion. In his …

Co-Pilot’s Ex-Girlfriend Tells of his Psychiatric Problems; Big ‘Gesture’ Plan

The co-pilot suspected of deliberately crashing an airliner, killing 150 people, had told his girlfriend he was planning a spectacular gesture so “everyone will know my name,” a German daily said on Saturday. The Bild newspaper published an interview with …

Industry Expertise, Data, Capital Can Help Reduce Global Disaster Risks: Interview

Margareta Wahlström, the UN Secretary General’s special representative for disaster risk reduction, and Rowan Douglas, Willis CEO for capital, science and policy practice, have been hard at work preparing for a series of conferences and meetings dedicated to integrating the …

Insurers, Brokers and Clients Express their Views on the Industry

The Economist’s Insurance 2015 Conference, which took place on Tuesday, March 15, at the ornate Clothworkers Hall in London, featured a panel that expressed the views of insurers, brokers and their clients in a discussion on the current and future …

Paris Murders Make Finding a Solution to Violence More Imperative

It will be a month on Saturday since the murderous attacks on the offices of the French satirical magazine Charlie Hebdo and the kosher supermarket in Paris took place. These were not the first such attacks by fanatics on western …

Reinsurance Execs See Market Adjusting to New Realities

Aon Benfield’s Reinsurance Market Analysis describes the participants as having “reached the end of a 15 year journey, featuring chronological stages of alternative capital’s significance, completion and finally disruption.” From the interviews with two  reinsurance industry executives that seems to …

World Economic Forum Report Cites ‘Interstate Conflict’ as #1 Risk

The World Economic Forum Global Risks 2015 report, released at a press conference in London yesterday, singled out potential “interstate conflict with regional consequences” as the number one global risk in terms of likelihood, and the fourth most serious risk …

No Change in XL Offer Says Catlin

A spokesperson at Catlin Group Limited’s London office said that the “possible offer” to purchase Catlin made by XL Group, as announced on December 17, was still ongoing, and that no final agreement has yet been reached. The only statement Catlin …