Job Disability Rolls Rise During Recession May 7, 2012 By Antonella Ciancio Monica Soltes was excited 10 years ago to leave Merrill Lynch and start her own business as an independent financial...
Buffett Plays Down Health Issue, Responds to Analysts May 7, 2012 By Ben Berkowitz Warren Buffett tried to allay fears of Berkshire Hathaway Inc shareholders about the company’s future after he was diagnosed with...
Berkshire Hathaway Doubles Profit on Lower Catastrophe Losses May 7, 2012 Berkshire Hathaway said it generated $3.245 billion in net income overall, up from last year’s net income of $1.511 billion...
Treasury to Sell More AIG Shares for $5 Billion May 7, 2012 The U.S. Treasury has agreed to cut its ownership stake in American International Group Inc. to 63 percent by selling...
EU Countries ‘Dithering’ over Climate Change Fund May 7, 2012 By Barbara Lewis EU nations are dithering over how to fill a multi-billion-euro fund to help tackle climate change, just as the region’s...
Earnings Report: Lancashire Group May 7, 2012 Selected earnings highlights from, Lancashire Group, which include both its insurance and reinsurance operations, for the first quarter of 2012...
Fitch Analyzes Uncertainty over Extension of UK Flood Insurance Plan May 7, 2012 The end in June of the UK government’s agreement with the country’s insurance industry, the Statement of Principles (SoP) agreement,...
Swiss Re in New $400 Million Nat Cat Bond for Europe, U.S. Wind Risks May 7, 2012 Swiss Re Ltd. Announced that it has secured $400 million in natural catastrophe coverage through a newly-formed issuer Mythen Ltd.,...
West Africa Pirates Free Gasoline Tanker, But Steal Cargo May 7, 2012 By Jessica Donati West African pirates have freed a gasoline tanker they hijacked last week, after stealing some of the cargo, the ship...
ACE Adds Preferred Securities Panel Option to D&O Policies May 7, 2012 ACE USA, the U.S.-based retail operating division of the ACE Group, has enhanced its directors & officers liability policy with...