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Pension and hedge funds flush with cash and hungry for yield are creating a market for reinsurers willing to look past the price cuts these investors have inflicted on traditional catastrophe coverage.
The fiery rush-hour crash of a N.Y. Metro-North commuter train in Westchester County that killed six people happened amid a traffic jam that sent a swarm of autos across a level crossing.
A TransAsia Airways Corp. turboprop plane crashed into a river near Taipei moments after taking off, killing at least 25 of the 58 people on board in the second fatal accident in less than a year for the Taiwanese airline. Dashcam footage shows the plane moments before it crashes into...
As defined by the National Association of Insurance Commissioners, catastrophe bonds (commonly abbreviated to cat bonds) are a segment of the insurance-linked…
As defined by the National Association of Insurance Commissioners, catastrophe bonds (commonly abbreviated to cat bonds) are a segment of the insurance-linked…
XL Group CEO Mike McGavick said employees who are worried about disruption from his companys planned purchase of Catlin Group should think twice about jumping ship.
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