Risk & Capital Management
Allstate Hopes Timber, Real Estate will Boost Struggling Annuity Unit
Allstate Corp. is betting on timber and real estate to boost returns at a struggling annuity unit. "We do need to figure out what we do with our annuity business," Chief Executive Officer Tom Wilson, ...
Report: Global Reinsurance Capital Hits Record High
Global reinsurance capital hit an estimated $570 billion in the first six months of 2014, a new record as the money sources for the sector continued to flourish. Aon Benfield noted the milestone as ...
Carlyle Group Pulls in $3.9B For Massive Asia Investment Fund
Carlyle Group, one of the world's largest private equity firms, said on Monday it has closed its fourth Asia fund at $3.9 billion, the second-largest private equity fund ever raised for Asia ...
Hedge Funds Shut Out Nonprofits in FHA Sale of Distressed Loans
The U.S. Federal Housing Administration started selling distressed loans in 2012 to help communities hit hard by foreclosures while also reducing losses to its taxpayer-backed insurance fund. Two ...
Commercial Insurance Price Hikes Slowed Again in Q2
Commercial insurance prices continued to moderate in the 2014 second quarter. This time, they inched up 3 percent in aggregate, versus a 4 percent increase in the first three months of this year, a ...
GM’s Hands-Free Cadillac Coming in Two Years
General Motors Co., the largest U.S. automaker, will introduce a Cadillac model in two years that can travel on the highway without the driver holding the steering wheel or putting a foot on a pedal. ...
S&P, Fitch Offering Clearer Windows Into Insurer Rating Processes
Since Standard & Poor's unveiled its updated criteria for rating insurers in May of last year, nothing much has changed with rating agency models, and few ratings changed in response to S&P's ...
From Earthquakes to Typhoons, August Was a Tough Weather Month
As far as natural perils go, it was mostly about earthquakes in August, with a few tropical storms and typhoons around the world to add to the trouble, according to Aon Benfield's Impact Forecasting ...