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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Fidel Castro makes rare appearance

Fidel Castro appeared animated in images released by Cuban state media … Continue Reading »


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Budget to cut ‘housing subsidies’

George Osborne said the Budget will reward work … Continue Reading »


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Princess Charlotte to be christened

Prince George will attend his younger sibling’s christening … Continue Reading »


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Memorials plan for UK terror victims

A service will be held in the autumn dedicated to those caught up in the Tunisia beach attack … 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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Rubbing along with robots tackles Abe’s double dilemma

TOKYO Factory worker Satomi Iwata has new co-workers, a troupe of humanoid automata that are helping to address two of Japan’s most pressing concerns – a shortage of labor and a need for growth. The 19 robots, which cost her … Continue reading


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America celebrates July 4 with hot dogs, banners and barbecues

NEW YORK Americans marched in star-spangled parades, ran relay races, gathered for fireworks shows and crowned a new world hot dog eating champion as they celebrated Independence Day in traditional style on Saturday. Possible security threats, wildfires in the West … Continue reading


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China lobbies hard ahead of Manila’s South China Sea arbitration case

HONG KONG/MANILA China’s claims to the disputed South China Sea will come under international legal scrutiny for the first time this week, but while Beijing has officially refused to take part in the case filed by the Philippines at a … Continue reading


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