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But Andrew Castaldi, senior vice president for Americas Hub Swiss Reinsurance Group, based in Armonk, N.Y., said that such funds concentrate too much similar risk in a given area, and end up merely
Ted Kelly, chairman and chief executive officer of Boston-based Liberty Mutual, told his audience that one of their biggest challenges is breaking from a commodity-based business model--akin to one
Democrat leaders in both the House and Senate are voicing strong support for prompt action on a permanent extension of the Terrorism Risk Insurance Act when they take control of Congress next year.
An insurance oversight system that would have a centralized federal regulator handling some lines of business, while state insurance commissioners maintain control over others, was suggested here by
NEW YORK--Allstate's incoming chief executive told an insurance conference here yesterday that industry competitors should forge a joint approach for natural catastrophes that inflict major losses on c
"If you have an out-of-control company, but with a terrific capital modeling program, I am not sure how good that can be," he said, speaking Friday at the 18th Annual Property Casualty Conference in N
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