financial crisis News

How One Hedge Fund Has Pursued $360M Financial Fraud Claim Against Big Bank

When the high-end property development Lake Las Vegas collapsed during the 2008 financial crisis, 31 funds that helped finance the project lost a total of $540 million. But only one of them, Dallas-based hedge fund Highland Capital Management, aggressively pursued …

Credit Suisse, Deutsche Bank Settle Subprime Mortgage Probes with U.S.

Deutsche Bank AG and Credit Suisse Group AG agreed to pay a combined $12.5 billion to resolve U.S. investigations into sales of the toxic debt that fueled the financial crisis, putting behind them a major dispute that undermined confidence in …

Europe’s Banks Increased Infrastructure Investments Erodes Insurers’ Returns

The return of banks into the European infrastructure market is denting insurers’ ability to enhance their investment returns by funding the roads, bridges and wind farms of tomorrow. European politicians have encouraged insurers to channel more of their €10 trillion …

EU to Ease Capital Regulations for Banks & Insurers to Revive Growth

The European Union will ease capital rules it has imposed on banks and insurers since the financial crisis to help markets raise more funds for reviving sluggish economic growth. The bloc’s financial services chief, Jonathan Hill, announced his “action plan” …

Swiss Re sigma Report Examines Role of Insurance in M&A Deals

A new sigma report –”M&A in insurance: start of a new wave?” – from Swiss Re points out that “merger and acquisition (M&A) activity in the insurance industry is rising although the number of deals still remains well below levels …

INTERVIEW-Greece, BlackBerry, Ireland – ‘Cautious’ Bets for Canada’s Fairfax

Bets on debt-ravaged Greece or ailing phone maker BlackBerry would make many investors flee, but for Prem Watsa both are part of a “cautious” strategy he employs to manage Fairfax Financial’s $23.3 billion portfolio. Indian-born Watsa, 63, often compared to …

Regulators Map Out First Capital Blueprint for Large Insurers

The world’s largest insurers could be forced to raise fresh capital under rules proposed by regulators on Wednesday that echo measures imposed on the banks to avert another financial crisis. The insurance industry says it wasn’t to blame for the …

Oklahoma City-based Insurer Reenters Marketplace with New Capital Backing

Oklahoma City-based BancInsure, a former provider of insurance to community banks that lost surplus as a result of the recent financial crisis, announced it has reentered the insurance marketplace with a new business strategy focusing on non-financial customers and with …

UK’s ABI Highlights 7 Challenges Facing the Insurance Industry

The Association of British Insurers has released a report at its biannual conference In London, entitled “Identifying the Challenges of a Changing World.” It features an “analysis of the challenges facing the UK insurance industry and society, and launches a …

Governments and Re/Insurers Should Work Together to Face Rising Disaster Costs

A presentation from the Geneva Association (GA), the international insurance think tank for strategically important insurance and risk management issues, calls for a long awaited dialogue between the industry and all levels of government in the face of the rising …