How Public Universities Are Transferring Risks to Private Sector August 30, 2016 By Stephanie Kelly U.S. public universities are increasingly turning to public-private partnerships to develop student housing and other campus projects, sometimes using the...
Governor Cuomo Reviewing Bill to Establish Fines for New York Airbnb Users August 30, 2016 By Michael Virtanen New York Gov. Andrew Cuomo must soon decide whether to authorize hefty fines for many people who offer to rent...
UK’s Aviva to Hire JPMorgan’s Singh to Head Global M&A, Source Says August 30, 2016 By Joyce Koh Aviva Plc hired Chetan Singh, a managing director at JPMorgan Chase & Co., to head its mergers and acquisitions globally...
Tokio Marine in Talks to Acquire RHB’s Non-Life Insurance Unit: Sources August 30, 2016 By Denny Thomas Tokio Marine Holdings Inc, is in exclusive talks to buy RHB Bank’s general insurance unit in a deal that also...
Asian Regulatory Changes Could Hike Demand for Local Reinsurance: Fitch August 30, 2016 Various regulatory initiatives in Asian markets could lead to greater demand for local reinsurance capacity as direct insurers rethink risk...
Brazil Mine Disaster Caused by Poor Drainage & Design of Tailings Dam: Report August 30, 2016 By Marta Nogueira and Stephen Eisenhammer The deadly collapse of a tailings dam last November at the Samarco mine, owned by Vale SA and BHP Billiton,...
4 Cyber Risk Misconceptions Popular with Midsized Firms August 30, 2016 Despite frequent reports of hacking, cybercrime, security breaches and related events in all parts of the U.S., many middle market...
Lawsuit Filed After Railing Collapse Injures 17 at New Jersey Snoop Dogg Concert August 30, 2016 A lawyer representing 17 people injured when a railing collapsed at a Snoop Dogg and Wiz Khalifa concert in New...
P/C Insurers Must Improve Underwriting Amid Competitive Pressures: Fitch August 30, 2016 Property/casualty insurers in North America saw their operating income decline by double digits in the first half of 2016, as...
A.M. Best Downgrades Ratings of Florida-Based American Capital Assurance August 30, 2016 A.M. Best has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and the issuer credit rating to...