California Earthquake Authority Selling Debt to Avoid Paying More for Coverage July 9, 2024 A state-managed earthquake insurer for homeowners in California is opting to borrow from the public debt market in lieu of...
Man Convicted of Burning Down His Rhode Island Restaurant to Collect Insurance February 2, 2017 A Massachusetts man has been convicted of burning down a restaurant he owned in Rhode Island. Federal prosecutors say 51-year-old...
Fosun’s Equity Deals to Intensify as It Seeks to Fund Acquisition Ambitions May 29, 2015 By Denny Thomas A $1.2 billion share sale by Fosun International Ltd. this month was likely only the start of a love affair...
Towergate’s Secured Creditors Said to Hire Moelis for Debt Talks December 1, 2014 By Julie Miecamp and Luca Casiraghi Towergate Finance plc’s secured bondholders hired Moelis & Co. as advisers as they prepare for talks with the U.K. insurance...
EU, IMF Clash over Greece Revives Debt Crisis Fears November 13, 2012 By Annika Breidthardt and Jan Strupczewski A public clash between Greece’s international lenders over how Athens can bring its debts down to a sustainable level has...
U.S. ‘Fiscal Cliff,’ Europe’s Debt Woes Worry G20 November 5, 2012 By Julien Toyer and Krista Hughes Leading world economies pressed the United States on Sunday to act decisively to avert a rush of spending cuts and...
Willis Sees Threats on Horizon for Booming Latin American Energy Industry October 10, 2012 “The booming Latin American energy industry is not insulated from the threat of a euro zone collapse or hostilities in...
Swiss Re’s Chief Economist on the State of the Global Economy September 14, 2012 By Charles E. Boyle “The European debt crisis is affecting the global economy, definitely,” said Kurt Karl, Swiss Re’s chief economist in an interview...
Europe Drawn Back to its First Problem – Greece August 27, 2012 By Luke Baker and Deepa Babington The euro zone debt crisis was born in Greece. Nearly three years and two bailouts on Europe must decide whether...
Germans Say “Nein! No! Non!” Ahead of Euro Summit June 28, 2012 By Sarah Marsh and Paul Taylor EU leaders go into a Brussels meeting today, Thursday June 28, more openly divided than at any time since the...