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Headline News: Financial

Global Financial News, Breaking Financial News, Debt and Mortgage Loan Crisis News

Beazley Launches Business Travel Insurance in Australia

Specialist insurer Beazley has launched its first international business travel insurance product in the Australian market. Beazley Corporate Travel Insurance will be offered to Australian brokers and coverholders. Beazley Corporate Travel Insurance provides specialist cover for business travelers, such as overseas … Continue reading

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XL Catlin Appoints Plessis as Head of Emerging Markets

XL Catlin announced the appointment of Brendan Plessis to the newly created role of head of emerging markets. In this new position, Plessis will lead the development of emerging market strategies, partnering with business leaders across XL Catlin to explore … Continue reading

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Quartet of crises threatens Europe’s core

By Paul Taylor BRUSSELS (Reuters) – Four great crises around Europe’s fringes threaten to engulf the European Union, potentially setting the ambitious post-war unification project back by decades. The EU’s unity, solidarity and international standing are at risk from Greece’s … Continue reading

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Reinsurance Industry Faces an Uncertain Future as Time Moves on

It’s around two months until the annual Reinsurance Rendezvous in Monte Carlo, where the reinsurers, brokers, carriers, lawyers, accountants and cat modelers discuss the state of their industry. That industry, until recently a rock solid bastion of the “we do it … Continue reading

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DuPont Transfers Pollution Liabilities for 171 Sites to New Company Chemours

When DuPont Co. announced plans to spin off its major chemical operations in October 2013, it said the move would create a cash-generating dynamo with the leading market share in most of its businesses. The spinoff would let DuPont focus … Continue reading

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Willis 1st View Reinsurance Report on Pricing Finds some Stabilization

According to the latest 1st View Renewals Report from Willis Re, the relentless “period of rate reductions” in reinsurance pricing shows signs of softening with “early signs” of price stabilization ”beginning to emerge in peak property catastrophe zones.” The report … Continue reading

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BP to Pay $18.7B Over 18 Years to Settle Spill Claims with 5 States, U.S.

BP Plc has agreed to a preliminary deal in which it will pay a record $18.7 billion to settle claims by five Gulf states and the U.S. government for the 2010 Deepwater Horizon oil spill, the worst oil spill in … Continue reading

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Never mind Greece, Europe will beat the U.S.: Strategist

Uncertainty about Greece has shaken European markets. However, they are still well ahead of the U.S. this year. And one strategist sees now as a time to jump into European stocks. The past month has been a rollercoaster ride for … Continue reading

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Alliant Insurance Services Acquires Preferred Concepts in New York

Specialty insurance brokerage Alliant Insurance Services announced today it has expanded its managing general agent (MGA) practice through the acquisition of Preferred Concepts, an insurance program underwriter and wholesale broker based in New York with additional offices in New Jersey … Continue reading

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California Insurance Guarantee Association in Whistleblowing Suit

Danny Ly, the former controller for the California Insurance Guarantee Association, has filed a lawsuit against the association that charges it fired him after he blew the whistle about alleged financial irregularities, potential accounting fraud and other potentially illegal conduct. … Continue reading

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