Articles by Richa Naidu, Tracy Rucinski and Melissa Fares

Credit Insurers Stopped Backing Toys ‘R’ Us a Year Ago

When Toys ‘R’ Us secured a $3.1 billion bankruptcy loan in September, toy makers were reassured they would be paid for goods delivered to the company as it tried to emerge from Chapter 11. Now those payments are at risk …

High Cost, Scarcity of Insurance Keeping Vendors from Sears Shelves

U.S. department store operator Sears Holdings Corp. is having trouble stocking shelves, as some vendors have fled while others are demanding stricter payment terms because of difficulties hedging against default risk. The strain in Sears’ supply chain is exacerbated by …

Activist Paulson Joins Icahn’s Call to Break Up AIG

Activist investor Carl Icahn said he owns a “large stake” in American International Group Inc. and urged the insurer to spin off its life and mortgage units into public companies to avoid being tagged as a systemically important financial institution. …

Chinese Insurers Seek Strategic Tie-Ups, M&As to Tap Western Expertise

Chinese insurers are pursuing strategic tie-ups and outright mergers and acquisitions to tap Western expertise. They are keen for knowledge on products, pricing and technology as a nascent Chinese market for health and property insurance takes off, industry executives say. …

PartnerRe Investor Fund Describes EXOR Bid as ‘Much Superior’ to AXIS Deal

PartnerRe Ltd.’s second-biggest shareholder, Franklin Mutual Advisers LLC (FMA), said Exor SpA’s offer for the Bermuda-based reinsurer was “much superior” to a deal with Axis Capital Holdings Ltd that was already on the table. FMA’s CEO Peter Langerman said his …

XL to Write Nearly 10th of Lloyd’s Business After Catlin Deal

XL Group Plc said it would buy underwriter Catlin Group Ltd. for about 2.79 billion pounds ($4.22 billion), increasing the Dublin-based insurer’s share of business written in the Lloyd’s of London market to nearly 10 percent. The deal is the …

Low Disaster Claims Boost Profits in Third Quarter for European Insurers

European insurers posted strong increases in earnings in the third quarter, helped by a slump in payouts for catastrophe damage, rising premium income, cost cuts and a weaker euro. Besides losses from the Malaysia Airlines jet downed over Ukraine and …

Some Insurers Exclude Ebola; Others Offer New Products

As fear of Ebola infections spreads to developed economies, U.S. and British insurance companies have begun writing Ebola exclusions into standard policies to cover hospitals, event organizers and other businesses vulnerable to local disruptions. As a result, new policies and …

Some Insurers Exclude Ebola; Others Offer New Products

As fear of Ebola infections spreads to developed economies, U.S. and British insurance companies have begun writing Ebola exclusions into standard policies to cover hospitals, event organizers and other businesses vulnerable to local disruptions. As a result, new policies and …

Record Aviation Claims Driving Up Premiums

Insurers worldwide are going to have to pay up to a record $800 million to cover the damage done by attacks on airplanes this year, driving prices up and drawing rivals into the market. The hefty bill dwarfs the $60-$90 …