Reinsurance

The Florida Hurricane Catastrophe Fund is on "shaky ground" and its ability to borrow is questionable, says it chief operating offer.

The saga that was the attempted merger of Transatlantic Holdings and Allied World Assurance Co. Holdings has ended with what each are calling a mutual agreement, which makes Transatlantic $48 million lighter.

The saga that was the attempted merger of Transatlantic Holdings and Allied World Assurance Co. Holdings has ended with what each are calling a mutual agreement, which makes Transatlantic $48 million lighter.

Less than a week before shareholders of Transatlantic Holdings are set to vote on a potential merger with Allied World Assurance Co., Validus Holdingsa competing bidderis looking to oust Transatlantics board.

Pierre Wauthier has been named Zurich Financial Services Groups chief financial officer and member of the group executive committee.

The past few weeks have marked a number of memorable events for many of us living in the Northeast, offering us unforgettable experiences, some of which we would rather not have had.